Is Park Place The Next City Place?


< 1 minute read

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…

Written By David Fleming

David Fleming is the author of Toronto Realty Blog, founded in 2007. He combined his passion for writing and real estate to create a space for honest information and two-way communication in a complex and dynamic market. David is a licensed Broker and the Broker of Record for Bosley – Toronto Realty Group

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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. Geoff

    at 9:18 am

    Hey Matt, your garth turner is showing! 😉

  5. 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.

  6. 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.

  7. Benson

    at 6:11 pm

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

  8. Phalakone Mysay

    at 10:36 am

    Should I understand that it’s not a good area to live and invest?

Pick5 is a weekly series comparing and analyzing five residential properties based on price, style, location, and neighbourhood.

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