Quote:
Originally posted by sputnik
Anyone who buys a condo at the groundbreaking and thinks that they will keep it at that price are going to get a rude wake up call.
Almost all condo buildings are being "cancelled" and then restarted at a higher rate per sq ft.
Deal with it. Or buy a house.
True, the time to build a high rise condo vs. a house can be sometimes several months to year(s) longer. The risk that the price increases over that time is so much bigger with high rises - hence what we are seeing at Colors, Gateway, etc.