Here are the latest prices, for reference:

Problem is that they are planning 3 or 4 other buildings on that cul de sac. The best one being at the end I was told. So zero price appreciation, likely price drops if there's 200 new similar condos on the same street within the next 5-10 years.

So there shouldn't much of a premium to buy here knowing there will be a lot of supply.

But ya that view is great on a clear day.

Not sure on foggy winter days!!

Subsequent phases will presumably be priced higher, so purchasers who buy early will have that advantage, too. I can't imagine they'll go to market with phase 2 at $600/sq. ft.

It's sometimes the most lucrative move to buy at the beginning of a multi-phase project. If you consider Royal Bay, or Bayview, The Railyards and the like, the early buyers there bought at prices that were well, well below the rates of subsequent phases, but the re-sale value was very similar.

StreetView goes up there now (July):

https://www.google.com/maps/@48.4625761,-123.5339188,3a,75y,321.49h,91.28t/data=!3m7!1e1!3m5!1sXzS8FgoQ7ObugUwUlAryAA!2e0!6shttps:%2F%2Fstreetviewpixels-pa.googleapis.com%2Fv1%2Fthumbnail%3Fcb_client%3Dmaps_sv.tactile%26w%3D900%26h%3D600%26pitch%3D-1.2773268782074467%26panoid%3DXzS8FgoQ7ObugUwUlAryAA%26yaw%3D321.4883128686183!7i16384!8i8192?entry=ttu&g_ep=EgoyMDI1MDkyNC4wIKXMDSoASAFQAw%3D%3D

Click here to view attachment.

Not sure if that formula of ever increasing prices is still in play. At best, it is a bit more of a real risk.