Bullpen Research & Consulting and Batory Management just published their Q4-2018 High-Rise Land Insights Report for the Greater Toronto Area. 

Above is a mapping of the estimated per square foot buildable prices for the land that traded hands specifically in Toronto last quarter. 

The average is $178 per square foot. And the projected average sale (condo) price is $1,097 psf. That sounds right. You basically need that kind of end pricing to make the math work with today’s costs.

Across the GTA, the average spread between zoned and unzoned land was almost $40 psf. $159 psf versus $120 psf, respectively.

A full copy of the report can be downloaded here. 

This morning I watched the sun rise from the the roof of Ten York Condominiums, some 735 feet up. This is what that looked like (the sky initially had a purple hue to it):

It was cold as all hell, but sometimes you have to work for your photos.

Some of you may also remember that I wrote about this building a few months ago. Tridel, the developer, is calling the project its first “smart condominium.”

Regular scheduled programming will resume tomorrow.

Today is the five year anniversary of this daily blog. That’s over 1800 posts. 

It’s almost hard to believe that it has been that long. It seems like just yesterday I was on year 2 or 3. But at the same time, it’s almost hard for me to remember a time when I didn’t blog every day. I guess we’re calling it a habit at this point.

One of the most common questions I get regarding this blog is: “Do you pre-write posts?” The answer is never. Okay, almost never. Sometimes I’ll pre-write a post if I know I’m going to be on a plane for 12 hours and I won’t make the timezone cutoff. But generally as a rule I don’t.

Part of the reason I don’t is because it breaks the habit. This is something I do every day. And I like that routine. I also want the posts to be timely and I want to be able to write about things that may be on my mind that day.

Momentum is a powerful thing. And when you’ve been doing something for a number of years, and especially something as public as this daily blog, there’s a powerful incentive to keep doing it. That’s how streaks work.

However, in the world of development, five years is perhaps not that long. It’s maybe one project. Streaks take a lot longer to establish.

This summer One Delisle by Studio Gang went public and you’re now starting to see (bright neon) teasers for Junction House. Both of these projects are many years in the making. The Junction House story started in early 2016.

So I reckon that this blog needs at least another five years so that there’s enough time for the really juicy stories to surface. I’ll endeavor to do exactly that. 

Thanks for reading and making this community what it is. See you tomorrow.