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Construction starts on Metro Vancouver condo tower defying market headwinds
From dailyhive.com, by Kenneth Chan
Earlier this month, local developer Wesgroup Properties began construction on 1 Market Square — the first strata market ownership condominium tower in its Inlet District master-planned, high-density neighbourhood. Buoyed by unusually strong pre-sales, this project is moving forward despite Metro Vancouver’s very challenging real estate market.
The 27-storey tower marks the launch of the broader Inlet District development and will bring 299 condominium homes to Port Moody, along with a new grocery store and childcare facility.
According to Wesgroup, buyer interest in the project has remained strong despite wider market headwinds.
