CondoAdvisory Blog

$100 Million to $875 Million, Thanks Millennium.
Well interesting how the story has changed. I know there were reasons that the details could not be released before but it is quite surprising how misleading the info that was available was. Looks like the city could be on the hook for $875Million if Millennium can’t come up [...]

Photo Courtesy of:roland
Well it looks like there may be another area that will be up and coming with New Condos in Vancouver.
Just when we thought there were no more up and coming areas, there is talk of the Norquay area re-zoning to allow mid and high density housing. Just as Collingwood has successfully done, there [...]

I guess not. It looks like the government has reached some sort of deal to obtain compensation for leaky schools. Exactly who that compensation is coming from we don’t know, not to mention any other details about this deal.
On the surface I really don’t see any problem with this, if the government owns the schools [...]

Photo Courtesy of: atomicjeep
Well it seems that the problems we have seen with some of the developers here in the lower mainland, and other places in Canada and North America are not isolated occurrences.
In the once development thriving Dubai, there seem to be numerous developers who are stalling on projects while continuing to collect deposits [...]

It seems there is once city in Canada that is not seeing projects fail, put on hold etc. during these uncertain times. Edmonton has seen a decline in Real Estate prices over the last year that is equal or greater than many other cities in the country, yet they seem to be immune so [...]

I wrote about the $100Million loan issue when it first hit and at the time did not think it would become as large an issue as it did. It seems to me that it has spun out of control and the issue has become one of who should have been told what, secret meetings, campaign [...]

I guess it comes as no surprise that the city is injecting money into the Olympic Village to help insure the Developer, Millennium finishes the project.
Now I understand that it is not an option, weather to finish or not as we will need it come 2010, but Millennium is a private developer like all others, [...]

In an earlier post I told you about a Survey J.D. Power and Associates was conducting to rate local developers. This was supposed to be coming out in November sometime but it has now been put on hold. I contacted them recently to find out when it would be available as I wanted to let [...]

OK, I know I may be a little harsh, but it gets to be a bit much reading and listening to the news daily, it is little wonder that the general feeling about the real estate markets in Canada is very negative.
In the Financial Post article, Canada’s housing market ‘traking’ U.S. boom and bust, a [...]

Your daily project failure list is updated again. It seems we can’t get a break form major condo projects being put on the blocks for one reason or another. Surrey’s Sky Towers fails to get financing
Although this is obviously concerning, and coupled with the news we see every day it scares a lot of people, [...]