It's business as usual for the condo sector, but second thoughts about urban life are beginning to creep in
But Wachsmuth doesn’t predict a flight from cities this time. “I think we are, broadly speaking, in a period where the density of cities has been understood as a positive thing, and I don’t think that’s going to change,” he said in a recent interview.
Home sales across the country were certainly down in April ― according to Soper, they fell by 70 per cent in Quebec ― but fewer homes are being listed, easing downward pressure on prices, he explained. Condos have been selling during the pandemic, they say, with buyers 3D-viewing their units on computer screens rather than in showrooms and using applications to sign documents.
His construction sites have been modified to comply with provincial rules on physical distancing and hygiene in order to protect workers, but apart from that, on Monday it will be “business as usual,″ he said in a recent interview.Devimco, the company that launched Griffintown’s renewal, boasts the 61-story tower of its Maestria condo project, announced after Victoria sur le Parc, will be city’s tallest residential tower when it’s completed.
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