The Globe and Mail published this headline today: “Developers building more small condos, despite people clamoring for more space.” It’s behind a paywall and so some of you may not have read it. But the data looks something like this. Of all the new condo… Read More
All posts tagged “toronto condos”
Site Magazine: Why have Toronto condos become so %@$#$! expensive?
Every year my friends at Urban Capital publish an annual magazine called Site. And every year it contains some great articles about the real estate development industry across Canada. (Some of you may also remember that I’ve written a few articles for it in previous… Read More
Shrinking lot sizes and unit sizes
Shane Dingman’s recent piece in the Globe and Mail about shrinking lot sizes raises two interesting points. One, new low-rise lot sizes seem to be shrinking and that’s probably a normal market outcome. Similar to the way in which average unit sizes have been generally… Read More
Drive and listen
Who needs to travel when you have, this? This, is a site called Drive & Listen, which allows you to drive around cities — well, watch vides of people driving around cities — while listening to local radio stations. It’s oddly fascinating in an I-spend-hours-on-Google-street-view… Read More
Integral House sells for $18 million
One of the most famous and important houses in Toronto, and in North America, just sold. It was reported last week in the Globe and Mail in an article called, “Integral House finds buyer amid wave of high-end Toronto deals.” Designed by Shim-Sutcliffe Architects, the… Read More
First shoring rig arrives at Junction House
Our first shoring rig was delivered and setup today at Junction House. A second one is on the way shortly. It will take a couple of months to complete all of our caisson piles. If you’d like to learn about how shoring is constructed, check… Read More
Grinding it out over the long-term
Fred Wilson’s latest blog post about “grinding” tells the story of how Twitter solved the infamous “fail whale” problem that plagued its platform in the early days. I remember that whale, as I’m sure many of you do as well. It was a problem and,… Read More
A survey of vacant condo suites in Toronto
Last year Jaco Joubert set out to estimate the number of condos in Toronto that are potentially sitting vacant. It was a response to the ongoing speculation that too many investor-owned condos are sitting empty across the city and thereby limiting the supply of housing.… Read More
Toronto condo market outlook
BNN Bloomberg just published this article on the Toronto condo market. It is based on a roundtable discussion that was held at their Toronto office last week with Jim Ritchie of Tridel, Jared Menkes of Menkes Developments, Shamez Virani of CentreCourt, and Jane Renwick of… Read More
Average price of a new condo in Toronto is now above $1,000 psf
Urbanation released its Q3-2018 condo market results for the Greater Toronto Area earlier this month. Here are a few highlights: – The unsold inventory of new condos in development is currently 33% below the 10-year average of 14,806 units. – Year-to-date sales of new condominiums… Read More