Quote:
Originally Posted by Collinghood
All I see for last few months is an empty lot. Can someone confirm that Central Park project will go ahead as planned or has it been delayed because the condo market has cooled considerably.
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Condos won't stop being sold until the market has cooled much more than now. Presales guarantee the developer income, even if buyers walk out, and even at the beginning of a large correction or collapse, there are people who buy feeling it's an opportunity while prices have been slashed $10k.
I predict a slight bump up in the next few months, the real estate industry will shout that the market has bottomed and there will be a slight increase before a deeper dive.
That's just a guess... but if we're truly in a bubble, that's usually how they deflate.