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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