144
submitted 1 month ago by lautan@lemmy.ca to c/canada@lemmy.ca

Condo sales numbers in and around Toronto have taken a drastic tumble so far this year, and now that the market is starting to lean towards buyers ...

you are viewing a single comment's thread
view the rest of the comments
[-] Max_P@lemmy.max-p.me 56 points 1 month ago

Have they tried building average, affordable condos instead of luxury condos?

All the new condo developments I've been seeing everywhere are more expensive than a townhouse nearby, and half the size of nearby apartments that are also half what the mortgage would be on a 1-2M fucking condo.

Pretty sure they can do away without the penthouse pool and hot tub and bring the price down, but it wouldn't be nearly as profitable for them so they won't.

Nobody is actually trying to help lower home prices because everyone's retirement plan depends on houses being unaffordable.

[-] tempest@lemmy.ca 41 points 1 month ago

Luxury needs some heavy sneer quotes. They are all made of low quality materials and then they put a stainless steel fridge in there and some quartz counters and call it luxury.

[-] AnotherDirtyAnglo@lemmy.ca 5 points 1 month ago

Yup, bought a townhouse, and paid a premium because the finishes were very nice, and everything looked good, even passed a pre-purchase inspection by someone with a lot of industry experience.

The tub leaked three times and ruined the ceiling in the dining room each time. The shower wasn't properly waterproofed, so that was a $35k rip-repair-replace. None of the furnaces had proper condensation drains, so my upstairs neighbour's A/C unit dripped condensation into my hallway for 4 days while we were on vacation, ruining the walls, causing mould. Our unit's A/C was mismatched - the outside unit didn't match the inside unit, and for 4 years we were constantly repairing it, until I spent $12k to replace it. There was a bunch of other small shit, but if I ever lay eyes on the builder, I'll punch him in the face.

load more comments (3 replies)
this post was submitted on 12 May 2024
144 points (96.2% liked)

Canada

6936 readers
684 users here now

What's going on Canada?



Communities


🍁 Meta


🗺️ Provinces / Territories


🏙️ Cities / Regions


🏒 SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


💻 Universities


👒 Lifestylecoming soon


💵 Finance / Shopping


🗣️ Politics


🍁 Other


Rules

Reminder that the rules for lemmy.ca also apply here:

  1. No bigotry - including racism, sexism, ableism, homophobia, transphobia, or xenophobia.
  2. Be respectful. Everyone should feel welcome here.
  3. No porn.
  4. No Ads / Spamming.


founded 3 years ago
MODERATORS