Community by Evgeny Tchebotarev on 500px
Toronto is the condo capital of North America. For a number of years now, there have been more condos under construction in this city compared to any other in North America, including New York.
But recently the real estate community has become incredibly interested in building multi-family apartments (also known as purpose-built rental buildings). Which is why about 7 months ago I wrote a post called, Rise of rental.
It has been decades since Toronto built rental apartment buildings at any sort of scale. That means that our existing stock is generally pretty old and that condominiums – rented out by individual investors – have been almost exclusively fulfilling the need for rental apartments in this city.
But given that purpose-built rental apartments are on the rise, I’ve been thinking a lot lately about them and about the consumer perspective.
And so here’s my question to you:
If you were looking for a place to rent, would it make a difference whether it was a condominium (rented out by an individual investor) or whether it was a professionally managed apartment building? You can assume that the suite itself is identical.
There are obviously many differences between both forms of tenure, but I’m curious to what extent that factors into the decision making process for consumers. It hasn’t really been an option in recent years, but that seems destined to change.
I hope we can have a discussion in the comment section below.
Here’s a stunning time-lapse video of Rio de Janeiro that was shot with an 80 megapixel camera. It was done by LA-based photographer Joe Capra.
[vimeo 119343870 w=500 h=281]
10328x7760 - A 10K Timelapse Demo from SCIENTIFANTASTIC on Vimeo.
Make sure you watch it full screen.
As far as videos and photos go, it’s probably as close as you’re going to get to actually being there. And if you’ve never been to Rio de Janeiro (which I haven’t), it’s a great way to see and understand the city’s built environment. I loved looking at all of the details.
This morning I stumbled upon an interesting Medium article
Community by Evgeny Tchebotarev on 500px
Toronto is the condo capital of North America. For a number of years now, there have been more condos under construction in this city compared to any other in North America, including New York.
But recently the real estate community has become incredibly interested in building multi-family apartments (also known as purpose-built rental buildings). Which is why about 7 months ago I wrote a post called, Rise of rental.
It has been decades since Toronto built rental apartment buildings at any sort of scale. That means that our existing stock is generally pretty old and that condominiums – rented out by individual investors – have been almost exclusively fulfilling the need for rental apartments in this city.
But given that purpose-built rental apartments are on the rise, I’ve been thinking a lot lately about them and about the consumer perspective.
And so here’s my question to you:
If you were looking for a place to rent, would it make a difference whether it was a condominium (rented out by an individual investor) or whether it was a professionally managed apartment building? You can assume that the suite itself is identical.
There are obviously many differences between both forms of tenure, but I’m curious to what extent that factors into the decision making process for consumers. It hasn’t really been an option in recent years, but that seems destined to change.
I hope we can have a discussion in the comment section below.
Here’s a stunning time-lapse video of Rio de Janeiro that was shot with an 80 megapixel camera. It was done by LA-based photographer Joe Capra.
[vimeo 119343870 w=500 h=281]
10328x7760 - A 10K Timelapse Demo from SCIENTIFANTASTIC on Vimeo.
Make sure you watch it full screen.
As far as videos and photos go, it’s probably as close as you’re going to get to actually being there. And if you’ve never been to Rio de Janeiro (which I haven’t), it’s a great way to see and understand the city’s built environment. I loved looking at all of the details.
This morning I stumbled upon an interesting Medium article
The argument is that along this corridor sits a technology ecosystem that is second in size only to San Francisco-Silicon Valley and that current connectivity levels represent a missed opportunity of epic proportions. Presently this rail service will feed you into Toronto during the morning rush hour and take you back out in the evening rush hour. But that’s it.
According to this report prepared by the City of Kitchener (which is beside Waterloo), efficient train service would stitch together an ecosystem of approximately 12,800 technology companies, 2,800 startups, and 205,000 technology employees. It would also connect 6 universities and 4 colleges, many of which are ranked top in the world.
There’s an argument here that this is exactly the sort of thing that governments should be doing to encourage innovation and entrepreneurship. Rather than trying to be heavily involved in actual startups, they should be creating an environment that maximizes output and then getting out of the way.
I think this makes a lot of sense. Don’t you?
Image: The Innovation Express
The argument is that along this corridor sits a technology ecosystem that is second in size only to San Francisco-Silicon Valley and that current connectivity levels represent a missed opportunity of epic proportions. Presently this rail service will feed you into Toronto during the morning rush hour and take you back out in the evening rush hour. But that’s it.
According to this report prepared by the City of Kitchener (which is beside Waterloo), efficient train service would stitch together an ecosystem of approximately 12,800 technology companies, 2,800 startups, and 205,000 technology employees. It would also connect 6 universities and 4 colleges, many of which are ranked top in the world.
There’s an argument here that this is exactly the sort of thing that governments should be doing to encourage innovation and entrepreneurship. Rather than trying to be heavily involved in actual startups, they should be creating an environment that maximizes output and then getting out of the way.
I think this makes a lot of sense. Don’t you?
Image: The Innovation Express
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