"Developer Peter Bass said he’s still hopeful banks will “start opening their doors a little bit” and enable his 26-unit project, called Danforth on High, to move forward, but there’s no guarantee that’ll happen.
...
The 26 studio and one-bedroom condos, priced at $142,400 and up, were considered “affordable housing” at the time. Construction was expected to begin last spring and be completed last fall."
Tuesday, March 31, 2009
Danforth on High Ice
Sorry, I couldn't resist. The Bollard reports on the delay in the start of the condo project that is to incorporate car sharing. Considering the shape of the housing market, a $142,000 studio condo might be priced too high.
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