A few pretty pricey land deals have been registered lately. At these nosebleed levels do the deals make sense ? The lots are priced for perfection meaning nothing can go wrong with the build cost and margins could be thin. It depends ultimately what pathway is chosen to develop the land but the cost is certainly defined up front for the biggest single input. It does seem that during the summer there was quite a bit of better buying opportunities and into the late fall it has picked up. I’m not buying right now for sure. Also the premium Altadore type locations have increased more than other neigbourhoods.
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