that's 688,000 vs 850,000 CDNToronto vs. Chicago: What your real estate budget will get you | Toronto Star
"Would you rather spend $688,800 for a dilapidated dump in Toronto that must be torn down, or $649,900 (U.S.) for a beautifully restored house designed by none other than esteemed architect Frank Lloyd Wright in Chicago?"
That is a joke. there is no way the real value of that house approaches anywhere near 750. however I'm sure someone will pay for it
Or in the last 5 years...^how many times has that story been typed up this year?
Five? More? Less?
I've known about this for years, this project (or another phase of it) was one we looked at a few years ago, some units were already built and there were many complaints of shoddy workmanship. Many realtor's I know personally suggest staying away from any urbancorp development and know we know why.Homebuyers ask questions as Toronto-based Urbancorp's troubles keep piling up Homebuyers ask questions as Toronto-based Urbancorp’s troubles keep piling up | Financial Post
As someone who receives this data daily for the entire GTA, I welcome the transparency. I think it will help buyer make more informed decisions but I think the biggest gains will come form the tech side with people taking the data and innovating with it, such as what's mentioned in the article
My friend or those condo owners? Litigation takes time and money. He was able to negotiate and accepted the house, even though things were down to the wire... literally days or hours where the developer could have reneged on the deal. It looks like developers or builders will rather fuck over the original purchaser if the value of the property goes up by a certain amount, since they can make extra tens of thousands of dollars on it.Why not litigate?