Suburban Tokyo's got financing approved before 'The Bubble' burst, and went tits-up not long after (the present location of Ikea Funabashi).
Toronto?! Home-owners, you're cooked.
Truth is, it's never going to happen. This is one time Canada's timidity and sloth might save some people. Can you imagine the money
it would take? At least the Dubai one and the failed Tokyo-'burb one
were: not as far from downtown, on expressways and transit. Yet my insinuation remains: when there is financial-froth for this kind of idiocy, get your money out, and fast.
So you tell me, is this like showrooms for condos that won't ever get built? Some clever form of money-laundering or interest-harvesting?