Der Markt für Eigentumswohnungen in Toronto erreicht den tiefsten Stand seit 35 Jahren, da die Verkäufe weiter sinken und „keine neuen Projektstarts“ erfolgen.
https://www.ctvnews.ca/toronto/article/toronto-condo-market-hits-35-year-low-as-sales-continue-to-plunge-with-no-new-project-launches/
18 Kommentare
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 people would consider it.
Prices sure aint at a 35-year low