DSCToronto
Superstar
Member Bio
- Joined
- Jan 13, 2008
- Messages
- 21,907
- Reaction score
- 35,537
- Location
- St Lawrence Market Area
I had a very interesting chat the other day with a building inspector - she specialises in 'turn-over inspections for condo buildings. She raised the point that as more and more buildings designed to be condos are moved over to rental there is a problem I had not thought of. She says that in general rental buildings are 'better built' than condos because the developer expects to be the owner and thus they will be responsible for repairs and replacements for decades. In condos the developer has no financial incentive to 'built well' as they will sell the Units and have moved on long before major repairs and replacements are needed and they can thus build condo buildings without worrying about the longer term. Something to think about!