(10-23-2023, 12:31 PM)KaiserWilhelmsBust Wrote:(10-23-2023, 11:16 AM)CP42 Wrote: I would guess the zero parking had an impact. But otherwise, it seems like it might have just been bad timing because it was cheaper than TEK Tower which sold out somehow.
The only other high rise that sold and moved to construction in downtown in the same time sales for this were ongoing is Station Park DUO (tower 3).
TEK was a couple months earlier, which was enough to get the peak of the market.
Rising costs and interest rates have significantly reduced buyer demand. Q, Strata, Station Park have all had similarly slow sales.
Difference is VanMar is spec building DUO
What does spec building mean? If you mean building before selling all of the units, isn’t this the case for most projects to get underway prior to being 100% sold? (Aside from 2019 or so when they’d sellout in days)