Is Park Place The Next City Place?

Condos | June 13, 2012

Rumors are swirling about the new “Park Place” development by Concord Adex that draws obvious comparison’s to Concord’s previous crack-baby: CityPlace.

Guess how many units here are actually owner-occupied?  Nope, guess again.  Nope, still too low…

Alright, I’ve done the research, and there are some subtle differences here.

For example, this very kind Realtor who came into my open house, with English as a second language, told me “All of the buildings is for sale!  Two-hundred-three-hundred unit!”  I thought she meant currently, but as my research shows, she meant since the inception.

But you know something?  Having crunched the numbers, it’s actually WORSE than I could have ever imagined.

How many of these units are actually owner-occupied?

Stay tuned for tomorrow’s post where I’ll reveal some mind-boggling statistics…

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  1. Joe Q.

    at 9:08 am

    What fraction of units at CityPlace are owner-occupied?

  2. Matt

    at 4:42 pm

    Can you hear the clink… clink… clink sound as we go up the roller coaster. Bust is coming. I swear a bust is coming. It may not be this summer, but it’s coming.

  3. Alex

    at 12:00 am

    poor 401, it can’t handle any more westbound traffic after Bayview….

  4. Joe

    at 12:25 pm

    CityPlace is the mecca for investors due to competitive prices. It is walking distance to the entertainment district, financial district and TTC. The majority of the residents are young professionals.

  5. G___

    at 10:34 am

    Note that all the balconies in those buildings are now wrapped in “protective” mesh, just like Parade at City Place – plastic mesh sheets, 2x4s, baling wire, and zipties.

  6. Benson

    at 6:11 pm

    I was really impressed by your camera skills. So smooth and not shaky at all!

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