What Causes Pre-Construction Condo Cancellations?
Toronto Realty Blog
MARCH 1, 2023
I see the failed 2007 development called “Giraffe Condos.” ” This project wasn’t economically viable because the city of Toronto wanted 10-storeys but the developer wanted 27-storeys. So why not start taking deposits on an empty site when you don’t even have an agreement with the city on what to build?
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