Leslieville Lofts: Not Another New Condo Opening... *sigh*
Last time it was 1 Bloor East, the time before that it was Work Lofts, then before that I don't even remember anymore. Today is Leslieville Lofts... damn these new condo developments and their stupid broker previews and grand opening nights. They're a bunch of crap I tell you... crap! By the time the doors swing open, the red SOLD stickers are already up on the best suites that you just spend hours lining up for. Going to these things is seriously like being a masochist I tell you... it's self torture because most of the time, you already know the painful truth, but you go and get it anyway. There goes another 5 hours of my life wasted... in the freezing cold too - whee!
But hey, you gotta do what you gotta do for your clients right? Nevermind that you don't get paid unless you make a sale and that your client is utterly disappointed. Keep your fingers and toes crossed for me at least!!
Anyway, that's all until the next time.
EDIT: As I hypothesized, that grand opening at Leslieville Lofts was a big bunch of bullshit. Starting at $179,000 my ass - the price list started in the $260s because all the smaller stuff was sold, sold and sold! Things are just getting really retarded in the new condo world... I mean, finish building the damn sales centre before you launch the project for goodness sakes. Oh and open on opening day because isn't that what an "opening" day is for? Gosh!
Jo
6 Comments
Reader Comments (6)
WOW, what use of profanity!
What are you thoughts on the on-going bullishness of the Toronto real estate market? continued bullish for the upcoming 2008 and following 2009 years?
It looks like we are heading towards an interest rate cut in the first quarter by the BoC to stimulate growth.
Well, I can tell you that agents working for Brad get first pick of the properties before anybody else does. They have their own private day to come in and go over property before you do. This explains why "the smaller stuff" at pre-con costs are always gone. Just perks of working for Mr. Lamb.
I was told by a real estate agent/friend that if were to buy a condo at presale in the hopes of a relatively quik flip, Leslieville would be a good option, based on a few factors. In the end I didn't go to the presale, and from what you write, I didn't miss anything.
I'm not sure this notion of condo as investment has any merit in Toronto (I already own the house I live in). Are there any good opportunities left?
Condo market in TO is mental, I'm not even looking at new anymore for these reasons you mention. Oh, and advertising a low price and steering to a higher one, that's called Bait and Switch in the rest of the world of commerce, isn't it? So why is it OK in the new condo world?
It's not ok in any world... but then they "technically" can claim that there is ONE suite that is for sale at that price and in that case, they aren't lying that it "starts at X price." Sucks, but that's the way it works.
These postings tell a story of how life can change. From the bull market of 2008 welcome to the approaching buyers market of 2009 later this year prices for condos will be bargain basement.......can't wait!!!