The current preconstruction market is in a stalemate and anxious awkwardness. On the one hand, many clients asked me to recommend a bargain, hoping to take advantage of the fire to rob the first-hand buyers who were unable to close the deal due to high interest rates. On the other hand, they felt that the price gap between the second-hand apartment and the pre-construction price was widening. 

I just answered a client who had been looking for a perfect deal for several months. The clients who were unable to close their deals are also professional investors. The main reason for not being able to close is that they bought a high-priced and poorly located property, such as the Sugar Wharf I mentioned before. The purchase price was relatively high at the same time, but it was in a relatively remote area where many college and university students would not rent. Naturally, some original buyers felt that it was worthless and wanted to transfer it because the rental-to-sale ratio was not good.

In addition, if the purchase price of the pre-sale property is very suitable and lower than the current market price, it will naturally be transferred at a higher price. Generally, the additional price of approximately $100,000 or $200,000 must be paid in cash. With the original deposit and transaction fees, it is actually not worth having. That is why many bargain hunters waited until the flowers withered but still could not get a good unit to sell at a loss. This is a paradoxical relationship.

I suddenly found a property worth recommending recently. Let's analyze it together. First of all, the reputation of the condo developer Capital has impressed everyone because of a series of good projects it has launched in recent years. The 8 Elm, Azura and Olive that I like are not only very eye-catching in design, but also have a growing sales situation against the trend. In the past two years when the market has been weak, more than 80% of the units have been sold successfully. 8 Elm and Olive have also started construction immediately, which is not unrelated to the strong capital of the developer.

Secondly, the location of this building is on the edge of Yorkville, which is more suitable for people who yearn for Yorkville but have weaker financial resources. It takes 3 minutes to walk to Yonge Street and 5 minutes to walk to Yorkville. The price is naturally slightly lower than that of Yorkville. Third, the transportation is convenient. It takes 4 minutes to walk to Bloor/Yonge subway station, 12 minutes to walk to the North Gate of the University of Toronto, and about 15 minutes to walk to Ryerson. There are all kinds of famous shops, supermarkets and restaurants around. What attracts me most is naturally the excellence of the building itself. In addition to the unique design of the world's top architectural design company, the dry and wet sauna, salt bath wall, hot yoga room and rooftop viewing lounge are all my favorites. The north side faces the entire Rose Valley, which is shaded by green trees, which is rare in Toronto DT. The south side is the Toronto Library. Going to the Rosedale Valley trail for a walk every day and soaking in a book bar is really my ideal life state.