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Familiar-File1364

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r/Realestatefinance•

If $35 Is Real, the Entire Toronto Land Market Is F*CKED

In the Greater Toronto Area, there is a growing and, frankly, uncomfortable divergence in how market participants are currently valuing development land, particularly sites close to transit.

In recent conversations with developers and a fund, I’ve heard underwriting assumptions for unzoned land ranging in the $55 to $60 per buildable square foot range, a noticeable step down from last year’s expectations.......

https://www.linkedin.com/pulse/35-real-entire-toronto-land-market-fcked-james-fields-2myae/

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