Builder switches King St. condo to rental project

Writer Susan Pigg has the inside story on the cancellation of Kingsclub Condo on King St. W., the second such change of plans by a builder in recent days. The Kingsclub will become a rental building instead. The move reflects the waning condo market at least downtown, while rental demand stays fairly brisk. The tale is a cautionary one for those who buy un-built properties. A number of buyers at Kingsclub have thousands tied up on condos that will not be built.  Susan Pigg, Toronto Star