(03-02-2022, 11:54 PM)tomh009 Wrote:

(03-02-2022, 09:41 PM)dtkvictim Wrote: I live in an ancient (by Kitchener standards) building. The hardwood floor is quite worn, there are no modern finishes, and there are completely random elements exposed from the past 100 years of previous uses. However, there are no upgrades that could convince me to accept half as much space... My place is clean and has the necessities, and the non-restrictive amount of space allows me to make it into a home.

Condos of the same size basically don't exist, it's no wonder people don't see them as a real alternative to houses.

How big is it, if you don't mind me asking?

(03-03-2022, 08:41 PM)dtkvictim Wrote: Roughly 1000sqft, though it's almost wall free which makes the space quite flexible. Obviously, condos that size exist from the 80s and 90s, but they are 1) not really being built anymore, and 2) an increasingly tiny fraction of the total housing market.

(03-04-2022, 02:50 PM)Joedelay Highhoe Wrote: WTF.... those floorplans and pricing are depressing. Is it wrong to hope for a major market crash? Or a significant recession?

(03-03-2022, 08:51 PM)tomh009 Wrote:

(03-03-2022, 08:41 PM)dtkvictim Wrote: Roughly 1000sqft, though it's almost wall free which makes the space quite flexible. Obviously, condos that size exist from the 80s and 90s, but they are 1) not really being built anymore, and 2) an increasingly tiny fraction of the total housing market.

Yes ... very few 1000+ sqft units in new buildings. Some renovation-type condos (Arrow, Eaton, Kaufman) have bigger units but in new-build condo buildings those are rare.

(03-04-2022, 04:11 PM)taylortbb Wrote:

(03-04-2022, 02:50 PM)Joedelay Highhoe Wrote: WTF.... those floorplans and pricing are depressing. Is it wrong to hope for a major market crash? Or a significant recession?

I expect Q Condos will be significantly cheaper per square foot, and a nicer building. Charlie West (same developer as Q) and DTK (same developer as TEK) were on sale around the same time, and DTK was way more expensive for a far shittier building. IN8's strategy is to sell to Toronto investors (their main sales offices for DTK was in Markham), who don't realize they're overpaying because they're comparing against Toronto prices.

(03-04-2022, 05:32 PM)CP42 Wrote:

(03-04-2022, 04:11 PM)taylortbb Wrote: I expect Q Condos will be significantly cheaper per square foot, and a nicer building. Charlie West (same developer as Q) and DTK (same developer as TEK) were on sale around the same time, and DTK was way more expensive for a far shittier building. IN8's strategy is to sell to Toronto investors (their main sales offices for DTK was in Markham), who don't realize they're overpaying because they're comparing against Toronto prices.

100% accurate IMO. I wonder if they are trying to speed up sales of TEK Tower before occupancy of DTK because the quality will likely not be anything to write home about.

Quote:The Star also examined some of those applications and found multiple units including junior one-bedroom units at 408 square feet and studio apartments at 315 square feet.

By comparison, 315 square feet is slightly smaller than two standard parking spaces.

It’s possible Toronto could end up with far too many tiny units, and not enough diverse inventory, said John Pasalis, the president of the Realosophy brokerage in Toronto.

“The only thing we’re building for rental supply are quite frankly condominiums, and the ones that are being built are ones that investors want, which tend to be very small units,” he said, noting they’re less expensive to build and usually have higher returns.

He said a larger unit might cost less per square foot to buy, but the rent relative to the purchase price is better for a smaller unit, as a 400-square-foot condo could go for close to $2,000 a month in rent, while an 800-square-foot condo may not be double the rent, despite being double the square footage, he explained.

And while units are getting smaller and smaller in size, the cost to rent or buy the units has continued to rise, he said.

“They’re quite expensive. The incomes you would need to even rent out a 500-square-foot condo are quite high,” he said.

According to the National Bank of Canada, the average household income needed to buy a condo in Toronto in 2021 would be $137,145 and prospective buyers would need to save for close to five years to save for a down payment at a savings rate of 10 per cent.

As well, the average median price of a condo in Toronto at the end of 2021 was $710,087, according to the Toronto Region Real Estate Board. That’s up from $572,948 before the pandemic, in 2019.

(03-03-2022, 08:41 PM)dtkvictim Wrote:

(03-02-2022, 11:54 PM)tomh009 Wrote: How big is it, if you don't mind me asking?

Roughly 1000sqft, though it's almost wall free which makes the space quite flexible. Obviously, condos that size exist from the 80s and 90s, but they are 1) not really being built anymore, and 2) an increasingly tiny fraction of the total housing market.

(03-04-2022, 09:50 PM)nms Wrote: "Despite pandemic push for larger spaces, micro-condos are here to stay" Toronto Star, March 3, 2022

Quote:The Star also examined some of those applications and found multiple units including junior one-bedroom units at 408 square feet and studio apartments at 315 square feet.

This is the first time that I have heard of "junior one-bedroom apartments"  Where do those fit compared to a bachelor and/or studio apartment?