Here are a few things to consider.

One, the home you live in was likely built by a person or company that was trying to make a profit.

Two, when your home was being developed and built, it probably upset a bunch of people. Both because something new was coming and because construction can be annoying.

Three, your home was built using materials and construction techniques that were readily available at the time. Some of those materials and techniques may no longer be practical.

Four, when your home was complete, somebody probably thought, "boy, they don't build them like they used to."

Five, the need for new housing doesn't stop just because you now have a home.

Condo developers are merchant builders. They build a project and then move on. Because of this, there's a belief that there's little incentive to build for durability, in comparison to say purpose-built rental buildings where the developer might continue to own over an extended period of time. While it is true that putting on an operations hat will make you hyper-focused on everything from garbage collection to how you're going to manage all of your suite keys, there are a few things to consider in this debate.

One, as developers we certainly think and care a lot about our brand and our reputation, both with our customers and with Tarion (warranty program). We ask ourselves: "What will our customers think if we do this?" Irrespective of the tenure we're building, we want our projects to be carefully considered. And in the case of condominium projects, we would like our customers to feel excited and comfortable about buying in one of our future projects. That's the goal. This is no different than any other product that you might buy that doesn't come along with some sort of ongoing subscription.

Two, there's often a spread between condominium and rental values. For example, let's consider a brand new 550 square foot condominium in a central neighborhood of Toronto and let's say it would cost you $1,300 psf to buy it today. (Obviously it could be more or it could be less depending on the area and the building.) Now let's start with a rent and back into a value, using some basic assumptions.

Here are a few things to consider.

One, the home you live in was likely built by a person or company that was trying to make a profit.

Two, when your home was being developed and built, it probably upset a bunch of people. Both because something new was coming and because construction can be annoying.

Three, your home was built using materials and construction techniques that were readily available at the time. Some of those materials and techniques may no longer be practical.

Four, when your home was complete, somebody probably thought, "boy, they don't build them like they used to."

Five, the need for new housing doesn't stop just because you now have a home.

Condo developers are merchant builders. They build a project and then move on. Because of this, there's a belief that there's little incentive to build for durability, in comparison to say purpose-built rental buildings where the developer might continue to own over an extended period of time. While it is true that putting on an operations hat will make you hyper-focused on everything from garbage collection to how you're going to manage all of your suite keys, there are a few things to consider in this debate.

One, as developers we certainly think and care a lot about our brand and our reputation, both with our customers and with Tarion (warranty program). We ask ourselves: "What will our customers think if we do this?" Irrespective of the tenure we're building, we want our projects to be carefully considered. And in the case of condominium projects, we would like our customers to feel excited and comfortable about buying in one of our future projects. That's the goal. This is no different than any other product that you might buy that doesn't come along with some sort of ongoing subscription.

Two, there's often a spread between condominium and rental values. For example, let's consider a brand new 550 square foot condominium in a central neighborhood of Toronto and let's say it would cost you $1,300 psf to buy it today. (Obviously it could be more or it could be less depending on the area and the building.) Now let's start with a rent and back into a value, using some basic assumptions.