Presale Condo Investment : BrentwoodFIVE vs Gilmore Place - Page 4

LowerLonsdaleMike · #61 Posted **Apr 14, 2018, 8:18 PM**

Quote:

Originally Posted by GilmoreStation

It looks like Gilmore Place's first tower will be selling at the same time Solo District's third tower is selling. How does this two towers compare and which one should an investor buy?

Seeing as Gilmore Place is an Onni development, I'd steer clear of that one. I haven't heard one realtor say anything good about Onni. A friend of mine had bought an Onni presale in Port Moody and when they moved in, they had a heck of a time getting the developer to remedy any warranty deficiencies.

GilmoreStation · #62 Posted **Apr 14, 2018, 8:41 PM**

But their products are a lot cheaper than BOSA, right?

jsbertram · #63 Posted **Apr 14, 2018, 9:27 PM**

Quote:

Originally Posted by GilmoreStation

But their products are a lot cheaper than BOSA, right?

cheaper isn't always better

WarrenC12 · #64 Posted **Apr 14, 2018, 9:44 PM**

Onni is cheaper for sure, but they are at least a name. There are a number of other smaller companies that produce similar product. It's the rare few that actually do quality and are pleasant to deal with (Bosa is the only one that comes to mind immediately). You'll pay a premium though.

What are pre-sale prices like these days in that area?

GilmoreStation · #65 Posted **Apr 15, 2018, 12:15 AM**

1bdr starting from 650k and 2bdr starting from 860k

Homeowner · #66 Posted **Apr 16, 2018, 12:07 AM**

Quote:

Originally Posted by GilmoreStation

1bdr starting from 650k and 2bdr starting from 860k

Wow. wouldn't it be cheaper just buying resale? Doesn't make sense to buy presale it seems.

WarrenC12 · #67 Posted **Apr 16, 2018, 12:41 AM**

Quote:

Originally Posted by Homeowner

Wow. wouldn't it be cheaper just buying resale? Doesn't make sense to buy presale it seems.

Depends if you are ready to move and take out that huge mortgage today or not.

Just walked by an open house at the brand new Voda at The Creek. 880sf 2bdrm for $1M = $1136/sf.

Alex Mackinnon · #68 Posted **Apr 16, 2018, 1:56 AM**

Quote:

Originally Posted by Homeowner

Wow. wouldn't it be cheaper just buying resale? Doesn't make sense to buy presale it seems.

Assuming a flat market, that would just make it more expensive since your down payment is not productive for however long it takes to occupy.

Tetsuo · #69 Posted **Apr 16, 2018, 5:50 PM**

Can we not turn this forum into a speculator/investor one !

ron,

Alex Mackinnon · #70 Posted **Apr 16, 2018, 5:55 PM**

Quote:

Originally Posted by Tetsuo

Can we not turn this forum into a speculator/investor one !

ron,

Why stop at just the forum. At this point, I'd like to see that happen to the entire city.

Tetsuo · #71 Posted **Apr 16, 2018, 6:23 PM**

Quote:

Originally Posted by Alex Mackinnon

Why stop at just the forum. At this point, I'd like to see that happen to the entire city.

AMEN.

GilmoreStation · #72 Posted **Jun 17, 2018, 2:47 PM**

The prices for units at Gilmore Place are actually quite attractive, starting from $900/sqft with avg in the first tower to be in the high $900's. I was told by my realtor that the first tower has already been sold out, I'm so glad I got the unit that I wanted. Should earn me a handsome profit by the time it's completed in 5 years.

GilmoreStation · #73 Posted **Jun 17, 2018, 2:50 PM**

Quote:

Originally Posted by Homeowner

Wow. wouldn't it be cheaper just buying resale? Doesn't make sense to buy presale it seems.

With presales, you are essentially locking in today's prices for the next five years. In five years, the dollars in your savings account won't be worth all that much.

CondoInvestor · #74 Posted **Feb 13, 2022, 3:01 PM**

These two projects are now selling

Klazu · #75 Posted **Feb 13, 2022, 3:39 PM**

And who is supposed to care? This is not a real estate but construction forum.

FarmerHaight · #76 Posted **Feb 13, 2022, 9:15 PM**

Quote:

Originally Posted by Klazu

And who is supposed to care? This is not a real estate but construction forum.

And the strength of presales often dictate when or if construction starts. Seems at least tangentially related to me.

homedepotbob · #77 Posted **Feb 14, 2022, 12:57 AM**

Quote:

Originally Posted by GilmoreStation

With presales, you are essentially locking in today's prices for the next five years. In five years, the dollars in your savings account won't be worth all that much.

Only if you think the condo price is keep going up in a straight line.

svlt · #78 Posted **Feb 14, 2022, 7:39 PM**

At least put up the price sheet so we can deride and commiserate if you're going to bump up a 4 year old thread to update on sales activity...

CondoInvestor · #79 Posted **Feb 23, 2022, 9:33 PM**

Quote:

Originally Posted by svlt

At least put up the price sheet so we can deride and commiserate if you're going to bump up a 4 year old thread to update on sales activity...

Prices are similar across the board

Gilmore Place