TEK Tower (30 Francis) | 45 fl | U/C

[creative]

The going rate for existing condos is between $500 and $600 per square foot so closer to 100%.

[Momo26]

When people say condos have dropped, its not an exaggeration.

There is a star article as well saying "the 350k condo is back in Toronto"

A buddy of mine paid 350k on Wellington in the heart of the entertainment district back in around 2015. His condo today will fetch about 350 to 375k. Decade of price growth is gone

[Kodra24]

I feel condos for the most part are a horrible investment, they're great for people that actually want to live in them and that travel often with no maintenance required on their end

Land is limited, condos are not

[tomh009]

The going rate for existing condos is between $500 and $600 per square foot  so closer to 100%.

Existing condos are always less expensive. How much are the Station Park units selling for? How about the remaining units at Young Condos?

[tomh009]

A buddy of mine paid 350k on Wellington in the heart of the entertainment district back in around 2015. His condo today will fetch about 350 to 375k. Decade of price growth is gone

So many people assumed that you could not lose by investing in real estate.

At least your buddy has had a nice place to live (I assume) for the last 10 years.

[Momo26]

Yep he has lived there. So not treated as an investment as such. Timing is everything, really goes to show.

[Rainrider22]

Thinking the crane might be coming down. Charles and Francis is closed now until next Monday.

[CuilTard]

Thinking the crane might be coming down.  Charles and Francis is closed now until next Monday.

I could see that. There was a flatbed there yesterday picking up concrete buckets, and today they've created a big buffer on Charles out of Jersey barriers and construction fence panels:

[jimythegeek]

Crane coming down today.

[CuilTard]

Hope you guys like cranes.



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[Momo26]

Where do we stand re occupancy date?

Also, condos now priced at 6 to 7 year lows. Anyone here buy one of these precon? How they feeling?

[tomh009]

Also, condos now priced at 6 to 7 year lows. Anyone here buy one of these precon? How they feeling?

Are you empathetic with the condo buyers or are you just looking to gloat?

As for the facts, the condo prices in K-W are currently at the same levels as February 2021, 4.5 years ago.

   

And, so for that matter, are the single-family home prices.

   

The only real difference is that many condos were bought by naive "investors" for profit rather than for owner occupancy.

All the data is here:
https://kwar.ca/hpi-dashboard/

[ac3r]

Almost like there's a bubble or something and it's all much more worthless than some tricked themselves into believing.

Difference is, a single family home is still worth a lot more money than these tofu dreg condo and apartment shit holes that have gone up everywhere. But hey, density, right? How fast until the windows start melting and the lights stop working like in the last IN8 building?

[Momo26]

Also, condos now priced at 6 to 7 year lows. Anyone here buy one of these precon? How they feeling?

Are you empathetic with the condo buyers or are you just looking to gloat?

As for the facts, the condo prices in K-W are currently at the same levels as February 2021, 4.5 years ago.



And, so for that matter, are the single-family home prices.



The only real difference is that many condos were bought by naive "investors" for profit rather than for owner occupancy.

All the data is here:
https://kwar.ca/hpi-dashboard/

I am empathic. As I'm one of them (not this building but in DTK). Do you have skin in the game or just like to be disputatious? 

That's a generous map if I seen one.  Hope it's also adjusted for real dollars, using actual sales data, and not just asking prices included units taken off the market that aren't moving.

[tomh009]

As for the facts, the condo prices in K-W are currently at the same levels as February 2021, 4.5 years ago.

And, so for that matter, are the single-family home prices. The only real difference is that many condos were bought by naive "investors" for profit rather than for owner occupancy.

All the data is here: https://kwar.ca/hpi-dashboard/

I am empathic. As I'm one of them (not this building but in DTK). Do you have skin in the game or just like to be disputatious? 

That's a generous map if I seen one.  Hope it's also adjusted for real dollars, using actual sales data, and not just asking prices included units taken off the market that aren't moving.

The prices are what they are. The chart is based on actual transaction prices. Not adjusted for inflation, though.

And, yes, living in DTK. Bought in 2015, no plans to sell or move elsewhere.