A Danforth Ave. condo is the latest in a series of residential construction cancellations to disappoint Toronto-area home buyers, who handed over deposits to Brampton-based DIAM Developments nearly three years ago. ( DIAM Developments ) DIAM Developments has cancelled its On the Danforth condos at 2359 Danforth Ave. just east of Woodbine Ave. that were sold in 2016. ( Richard Lautens / Toronto Star ) DIAM Developments has cancelled its condominium development at 2359 Danforth Ave. east of Woodbine Ave. siting unanticipated construction cost increases, delays and the loss of a construction loan. A spokesperson for DIAM Developments said the circumstances surrounding On the Danforth won’t impact other projects. Another condo, similar to the size of On the Danforth was also cancelled in Georgetown late last year.

Source: thestar March 20, 2019 02:12 UTC