An article which I read online today said that over 100 people camped out overnight for the sales office to open so that they could purchase a condo. And no, this article was not written 6 years ago. This is happening now. At 6:00 pm Toronto time tonight. What should this tell us? Well, for one, the condo market is not dead. Yes, there are some declining markets in North America and we all know the media loves to report the glum news about, well, anything – the condo market being no different. But this should be seen as, for all you naysayers out there, hope!
The first phase of this project sold out in ONE DAY! So, people didn’t want to miss out on Phase 2 which should be completed sometime in 2010. There are still pockets/areas where condos are great investments – Toronto being one of them!