this post was submitted on 07 May 2025
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174
Toronto’s unsold condo rate has reached ‘an incredible level’: expert (www.ctvnews.ca)
submitted 3 days ago by NightOwl@lemmy.ca to c/canada@lemmy.ca
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Butler said there’s been “severe overbuilding” in the Toronto condo market for a number of years, specifically when it comes to smaller units.

“The tiniest of tiny condos,” Butler said. “It’s weird that in a country like Canada where there’s been a consistent housing crisis for the last 10 years that if you build a very bad product, people won’t take it, it’s as simple as that.”

Butler said many of the unsold condos on the market today are ones designed for investors or real estate speculators and are not practical for most families.

“They are roughly the size of large hotel room, only meant to be rented out, and there’s been simply a massive overbuilding of non-family units,” he said, noting that many of the condos for sale in Toronto currently are 500-square-feet or less.

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[–] spaghettiwestern@sh.itjust.works 1 points 1 day ago* (last edited 1 day ago) (1 children)

You can’t have anything but windows at the end when you have a unit between two corners.

Architects solve this by extending units that aren't at the corners along the outside wall, and strategically placing decks so more windows can be added around the deck. This allows windows in nearly every room and that's what's done with the majority of buildings, both old and new, no matter how many staircases are required. Since everything is about money, I have no doubt that it's slightly cheaper to build homes with long, narrow living spaces and fewer windows.

What the builders didn't seem to anticipate is those kinds of units fetch significantly lower prices and are harder to sell. I know I won't buy one at any price.

[–] NotMyOldRedditName@lemmy.world 1 points 1 day ago* (last edited 1 day ago) (1 children)

That's not really solving the problem, it's still windows only at the end of the unit. It's working with what they have. Bigger unit, more windows, but they're always at the end.

Any room at the end of the unit can have windows.

[–] spaghettiwestern@sh.itjust.works 1 points 1 day ago* (last edited 1 day ago) (1 children)

I've actually owned a condo that was not on a corner and stretched along a single exterior wall. It did not extend very far into the building and had windows extending all along the side. There were no windows at the ends of the unit. This place had no issue at all with natural light, nor did it feel like a bowling alley. Problem solved.

[–] NotMyOldRedditName@lemmy.world 1 points 1 day ago* (last edited 1 day ago)

Oh wait, I understand what you're saying now. That makes sense.

By not extending far into the building and going along the outside wall the end of the unit is actually into the next similar unit or the next corner unit.

The building would have less depth than a building that orients units with the end of the units on the outside wall instead, but could be longer.