Maybe if they started putting 2 maybe even 3 of these dog crate condos together to make some actual living space people would want to buy them
cosmogatsby on
Build a 1200-1800sq condo units and sell them for 600-900k depending on finishes and they will sell the fuck out.
Nerevarine123 on
Its a good thing, condos are great for lower income and middle income canadians. Not everyone should be able to own a detached home and thats okay
UWO_Throw_Away on
You know what would be great is if a little more money was spent on insulation between floors so I don’t have to hear my neighbors above and below me every time they open a window or shout at their tv when watching sports
DukeandKate on
Ok. No more BS about building new homes to reduce prices. We have lots of inventory.
kingwoodballs on
I was in Toronto a couple weeks ago. By brother in law air bnb’d a condo on York st. The view was kick ass of the stadium and CN tower.
But the entire place was literally the size of the kitchen in my 1100 sqft bungalow. I don’t know how anyone could live full time in a place like that.
Bytowneboy2 on
Build shit people want to live in at prices people can afford.
Cold-Crab74 on
Cool so build fuckin houses
Tom_Fukkery on
The condo market is dead. Buyer don’t want to buy and developers don’t want to develop.
It’s a lose/lose project right now.
Few-Character7932 on
Buying a Condo for a house is like buying a Land Rover for a car.
--prism on
Until people start to realize losses the market will be stagnant.
Adventurous-Hand3942 on
They should go in and tear down the walls between the units and turn these 500sqft condos into a 3 bedroom condos. Then they would sell.
Classic-Perspective5 on
Condos never made sense, you still have property taxes in addition to condo fees so after ten or fifteen years aren’t you just paying rent again?
askanewquestions on
I mean someone already said it above but even pop culture wise, just like Shane Hollander suggested in heated rivalry before sucking ilyas face off, break down the walls between units and make it into a livable affordable unit.
thedrivingfrog on
35 yr low (but not on price just some random sales stat …) prices of all real estate needs to go down and I own, everything is redicolously expensive for the quality.
Green_new_dinner on
so a great time to move these into gov subsidized coops or rent to own situations
Realistic-Buy4975 on
Build homes, not investments. There are very few people who want to live in a 600 sqft $660k shoebox that costs close to 2.5k/mo if you rent. If condos were minimum 1400sqft for 500k some people (not all) would consider it.
Big_Wish_7301 on
Prices sure aint at a 35-year low
Rich-Needleworker304 on
Problem is new projects means new supply. So no new supply in Toronto for probably a decade coming.
Euclidisthebomb on
Finally consumers have no more interest in shitboxes and investors are akin to Putin and hated as much. Which hopefully will bring some sanity back to the market although much needs to be done yet such as banning corporate ownership of single family property whether homes/townhomes or condos.
countytime69 on
It work for 20 years you buy and resell before completion. People got Greedy and bought 4 or 5 at a time . Hoping to resell before closing . I feel no pity for them . Hope some young people will get a brake . Most likely to just be bought out by other investors
ethereal3xp on
Its the same news every month
The solution: reduce the price
SigmaHouse28 on
Build more rentals.
Delicious-Apple1845 on
Yay!
firstdropof on
So a lot of builders started to hold on to inventory suites to sell. Well turns out they can’t. So instead of dropping prices, City of Toronto is now buying them out on bulk at a discount for affordable housing.
c0reM on
Now would probably be a VERY good time to start planning a project or proper sized living space condos.
It takes time to ramp up construction so by the time the market bottoms you’d look like a genius having it ready by the time demand starts to heat up again.
ryansalad on
What happened to all the buyers of 600 sq-ft condos?
devioustrevor on
Because developers got too comfortable building one-room condos that were clearly meant for AirBnB’s.
28 Comments
Maybe if they started putting 2 maybe even 3 of these dog crate condos together to make some actual living space people would want to buy them
Build a 1200-1800sq condo units and sell them for 600-900k depending on finishes and they will sell the fuck out.
Its a good thing, condos are great for lower income and middle income canadians. Not everyone should be able to own a detached home and thats okay
You know what would be great is if a little more money was spent on insulation between floors so I don’t have to hear my neighbors above and below me every time they open a window or shout at their tv when watching sports
Ok. No more BS about building new homes to reduce prices. We have lots of inventory.
I was in Toronto a couple weeks ago. By brother in law air bnb’d a condo on York st. The view was kick ass of the stadium and CN tower.
But the entire place was literally the size of the kitchen in my 1100 sqft bungalow. I don’t know how anyone could live full time in a place like that.
Build shit people want to live in at prices people can afford.
Cool so build fuckin houses
The condo market is dead. Buyer don’t want to buy and developers don’t want to develop.
It’s a lose/lose project right now.
Buying a Condo for a house is like buying a Land Rover for a car.
Until people start to realize losses the market will be stagnant.
They should go in and tear down the walls between the units and turn these 500sqft condos into a 3 bedroom condos. Then they would sell.
Condos never made sense, you still have property taxes in addition to condo fees so after ten or fifteen years aren’t you just paying rent again?
I mean someone already said it above but even pop culture wise, just like Shane Hollander suggested in heated rivalry before sucking ilyas face off, break down the walls between units and make it into a livable affordable unit.
35 yr low (but not on price just some random sales stat …) prices of all real estate needs to go down and I own, everything is redicolously expensive for the quality.
so a great time to move these into gov subsidized coops or rent to own situations
Build homes, not investments. There are very few people who want to live in a 600 sqft $660k shoebox that costs close to 2.5k/mo if you rent. If condos were minimum 1400sqft for 500k some people (not all) would consider it.
Prices sure aint at a 35-year low
Problem is new projects means new supply. So no new supply in Toronto for probably a decade coming.
Finally consumers have no more interest in shitboxes and investors are akin to Putin and hated as much. Which hopefully will bring some sanity back to the market although much needs to be done yet such as banning corporate ownership of single family property whether homes/townhomes or condos.
It work for 20 years you buy and resell before completion. People got Greedy and bought 4 or 5 at a time . Hoping to resell before closing . I feel no pity for them . Hope some young people will get a brake . Most likely to just be bought out by other investors
Its the same news every month
The solution: reduce the price
Build more rentals.
Yay!
So a lot of builders started to hold on to inventory suites to sell. Well turns out they can’t. So instead of dropping prices, City of Toronto is now buying them out on bulk at a discount for affordable housing.
Now would probably be a VERY good time to start planning a project or proper sized living space condos.
It takes time to ramp up construction so by the time the market bottoms you’d look like a genius having it ready by the time demand starts to heat up again.
What happened to all the buyers of 600 sq-ft condos?
Because developers got too comfortable building one-room condos that were clearly meant for AirBnB’s.
Regular families can’t live in those.