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  #61  
Old Posted Mar 2, 2015, 6:17 PM
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"I live in Stinson school"
?????????
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  #62  
Old Posted Mar 5, 2015, 5:10 PM
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?????????
It was a comment on dealing with stinson and his development group/operations.
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  #63  
Old Posted Mar 25, 2015, 2:23 PM
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I went in to talk to these guys about the project (as an investment) over weekend. They really were pushing the construction loan angle over buying an actual unit. The whole thing seemed shady - not to mentioned completely over priced. I mean if you are going to ask those kind of prices - at least have a show room and a website that isn't designed by a grade 10 student.
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  #64  
Old Posted Apr 5, 2015, 4:46 AM
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Really surprised there's no sign out in front of the school hyping up the project or even just informing people units are for sale.
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  #65  
Old Posted Apr 5, 2015, 8:48 AM
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Stinson project, right? Hmmm...
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  #66  
Old Posted Aug 7, 2015, 3:30 AM
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  #67  
Old Posted Aug 7, 2015, 4:45 AM
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Given that this thread started in April 2014, this project is moving along at a very un-Harry pace so far.
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  #68  
Old Posted Aug 17, 2015, 1:22 PM
interr0bangr interr0bangr is offline
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Approved.

Jason Thorne ‏@JasonThorne_RPP Aug 15

#HamOnt's next #adaptivereuse project approved this week = 1914 Gibson School 2B converted to 80 unit condo

https://twitter.com/JasonThorne_RPP/...46196494508032
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  #69  
Old Posted Aug 30, 2015, 8:13 AM
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25% sold according to Stinson himself.

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  #70  
Old Posted Aug 30, 2015, 8:19 AM
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Also, he's already raised prices. Cheapest units were initially 129k and now they start at 169k.
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  #71  
Old Posted Aug 30, 2015, 2:36 PM
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That's a long way to go to the 60-70% needed to get construction going.
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  #72  
Old Posted Aug 31, 2015, 12:58 AM
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Quote:
Originally Posted by interr0bangr View Post
Also, he's already raised prices. Cheapest units were initially 129k and now they start at 169k.
25% sold for dirt cheap prices. Nothing like a price increase to jolt the market into buying more.

I think Harry needs some lessons on how supply and demand work.

Just to note- usually you need 70-80% sold to begin building. Assuming you were one of the first 25% to put money into this thing, half a year has passed since his little RRSP scheme started, which depended on completion within 3 years.

Does anyone think this entire project will be done and ready to move in within 2 1/2 years?
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  #73  
Old Posted Aug 31, 2015, 11:46 AM
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Gotta still love Harry's approach to I don't want to spend any money to sell you stuff....
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  #74  
Old Posted Aug 31, 2015, 11:51 AM
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Gotta still love Harry's approach to I don't want to spend any money to sell you stuff....
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  #75  
Old Posted Aug 31, 2015, 11:41 PM
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You've gotta really think twice before handing your dough over to Harry. I mean really...
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  #76  
Old Posted Sep 1, 2015, 12:20 AM
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Originally Posted by fizzle View Post
25% sold for dirt cheap prices. Nothing like a price increase to jolt the market into buying more.

I think Harry needs some lessons on how supply and demand work.
There are still 10 available at Stinson School.... and I believe these were never sold - as opposed to resold. I haven't seen any drops in price either. Way over-priced for the area - especially when you take into account those high maintenance fees.

It really does seem like he doesn't understand supply/demand.

As for Gibson School... I don't care how cheap it is - I wouldn't want to live in that neighbourhood.
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  #77  
Old Posted Sep 1, 2015, 1:27 PM
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I lived in that area 20 years ago and it was never a problem then. Old houses and a few down and outers but never really bad. Not sure about nowadays.
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  #78  
Old Posted Sep 1, 2015, 4:41 PM
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I lived in that area 20 years ago and it was never a problem then. Old houses and a few down and outers but never really bad. Not sure about nowadays.
To be clear, houses in the area go for around 200k, with some outliers going as high as 250k, and as low as 150k.

Houses.

He's selling 1000 sq. ft. condos in that building for 300k, and smaller 500-600 sq. ft. units for between 160k to 270k.

I'd also like to point out that he has a link on the project page that reminisces about the Candy Factory Loft conversion he did in 1993, right before the big Toronto condo boom and subsequent real estate bonanza, that disingenuously suggests that a 260k condo purchased today at Gibson might be worth 711k in 20 years.

I sound like a broken record in Stinson threads, but buyer beware.
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  #79  
Old Posted Sep 3, 2015, 8:37 PM
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In the business section of Tuesday's Spectator (can't find on their website), there is a small article that says Stinson is offering a year of free condo fees for the sales of the next 25% of units.
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  #80  
Old Posted Mar 28, 2016, 2:47 AM
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