hawc
Senior Member
This thread is not about tourism.
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Are we living in the greatest construction boom in Toronto history?
- Thread starter hawc
- Start date
ehlow
Senior Member
http://news.nationalpost.com/2014/0...ice-development-growing-at-mind-blowing-rate/
Toronto’s ‘Manhattanization’: Downtown office development growing at ‘mind blowing’ rate
Toronto’s ‘Manhattanization’: Downtown office development growing at ‘mind blowing’ rate
NorthYorkEd
Active Member
But aren't most of the buildings more cheaply built condos?
ehlow
Senior Member
According to this: http://www.theglobeandmail.com//new...ttanization-of-downtown-core/article20229182/
Three office buildings is quite a lot I think.
Thanos
Active Member
What is it with everyone on here thinking that Toronto condos are somehow built cheaper then anywhere else?
wopchop
Building Toronto
All buildings everywhere (the vast majority, anyway) are built as cheaply as possible to deliver the client`s building, meet the local building code, and satisfy the project`s budget, as that is the nature of construction. This is not somehow unique to condos in Toronto. Condo towers in Toronto are not any more cheaply built than say subdivisions in Pickering or Milton. Or anything anywhere else.
TheTigerMaster
Superstar
What do you guys believe is fueling Toronto's construction boom? Could it be as simple as population growth, or is it interest rates as most people seem to believe?
ehlow
Senior Member
Population growth due to both immigration and urbanization (people from smaller towns moving to larger ones) and the economy of Canada is pretty good. Toronto being the financial and media capital of Canada has reaped some benefits.
Also, demographic changes such as people getting married much later and a much larger percentage staying single for life than ever before and having fewer kids means there is a shift to smaller housing units rather than family sized ones. I read somewhere that there are more single women than ever before and they are the leading demographic for buying condos.
I don't see this stopping anytime soon because there are plenty of people around the world waiting to come to Canada.
Manhattanization: A history of the term in San Francisco, Toronto, Seattle and Miami
http://news.buzzbuzzhome.com/2014/08/manhattanization-toronto-sanfrancisco-history.html
Johnny Au
Senior Member
The Toronto skyline changes very rapidly.
Even photos of the Toronto skyline from even a few years ago looks outdated.
Even photos of the Toronto skyline from even a few years ago looks outdated.
NorthYorkEd
Active Member
Agree, I am not singling out Toronto. It's a global trend so far as I can tell. But not only cheap materials, the quality is highly suspect as well. Check out some of the PDI stories in this thread, such as this post. A tradesman actually performed this work and deemed it acceptable. And, I assume, his supervisor or whoever else was working with him. If they gave this (and many of the other obvious issues) a pass, what is hidden behind the walls? But this is just one example.
Fact is, they just seem to be slapping these up for quick cash, then riding off into the sunset leaving owners with shoddy half-assed homes they paid damn good money for.
denfromoakvillemilton
Senior Member
Member Bio
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demand in real estate downtown. people are tired of 1.5 hour commutes. People want to be around the action. Thus demand.
Johnny Au
Senior Member
TTM, many people want to live downtown, as it greatly reduces their time commuting (thereby having more leisure time), as well as downtown having many interesting attractions.
hawc
Senior Member
It's all a trade off.
Suburbs = Spacious homes / Horrible commute
Downtown = No commute / Tiny space
House in Midtown = More Space / Expensive with short commute
Pick your poison.
Suburbs = Spacious homes / Horrible commute
Downtown = No commute / Tiny space
House in Midtown = More Space / Expensive with short commute
Pick your poison.
detroitbootybass
Active Member
Population growth is a factor in the downtown area, but extremely low interest rates provide the means for the prospectors in the construction gold rush.
ehlow
Senior Member
It's all a trade off.
Suburbs = Spacious homes / Horrible commute
Downtown = No commute / Tiny space
House in Midtown = More Space / Expensive with short commute
Pick your poison.
Well you do have lots of apartment buildings in the suburbs like Dixon rd or near fairview mall, and lots of houses near downtown like the annex or cabbagetown. I guess that counts as midtown?