noting that many of the condos for sale in Toronto currently are 500-square-feet or less.
Holy crap, that's basically studio for single. I wonder how much they're actually selling
this post was submitted on 07 May 2025
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Price them appropriately—like, less than a dollar per month per square foot rent, or maybe the cost of a used RV to own—and you might see some uptake. As things stand, I expect these are unaffordable for the people who might be able to use them.
If the idiot owners won't budge on charging too much for too little, they deserve to go bankrupt over it.
Prices are coming down, it may take a bit of time to shake out.
Students, affordable housing, starter homes, some retirees will see a downsize opportunity, reducing overcrowding in some homes.
Lots of utility at the right price.
Cool. Let the owners go into bankruptcy, then have Druggie buy the units and rent them out as affordable housing ... which is a hell of a lot better than him begging Carney for money for a fucking tunnel.
Investors and speculators should have to eat the loss, they took the risk now take the hit.
Yeah, but "risk" is just an empty buzz word that means "ownership deserves all the money". The line has to go up. If it doesn't go up, someone else has to pay for it!
While it is a bunch of bullshit that so many were built, we should find a way to use it. People without a home don't care how small it is so these unsold condos sound like they would make great transitional housing, student housing, etc.