this post was submitted on 07 May 2025
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175
Toronto’s unsold condo rate has reached ‘an incredible level’: expert (www.ctvnews.ca)
submitted 3 weeks ago by NightOwl@lemmy.ca to c/canada@lemmy.ca
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Butler said there’s been “severe overbuilding” in the Toronto condo market for a number of years, specifically when it comes to smaller units.

“The tiniest of tiny condos,” Butler said. “It’s weird that in a country like Canada where there’s been a consistent housing crisis for the last 10 years that if you build a very bad product, people won’t take it, it’s as simple as that.”

Butler said many of the unsold condos on the market today are ones designed for investors or real estate speculators and are not practical for most families.

“They are roughly the size of large hotel room, only meant to be rented out, and there’s been simply a massive overbuilding of non-family units,” he said, noting that many of the condos for sale in Toronto currently are 500-square-feet or less.

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[–] arankays@lemmy.ca 59 points 3 weeks ago (11 children)

The size is not the problem. It's small and expensive. It would be fine if these units were cheap and small.

500-600 square feet is plenty for one person if the layout is good.

[–] Ahrotahntee@lemmy.ca 26 points 3 weeks ago* (last edited 3 weeks ago) (9 children)

The floor plans are also straight up bizarre. I was in the market recently and I saw two en-suite bathrooms in a 2-bed 3-bath. Kitchen/living/dining combos that could barely serve any of those purposes. Dens that were 4sqft corners in a kitchen, or slight recess in a wall. Interior glass walls to compensate for no window in a bedroom.

Then there were just absolutely strange finishing design choices, like a wall mounted intercom in the entrance you had to kneel to read the screen or reach the keypad. I'm not that tall. Some of the UGLIEST post-modern tile work I've ever seen, bar fridges masquerading as kitchen fridges, shallow tubs, low shower heads (again, I'm 5'9 this is not usually an issue.)

[–] spaghettiwestern@sh.itjust.works 22 points 3 weeks ago* (last edited 3 weeks ago) (8 children)

Looking in BC and many of the places are built like bowling alleys with windows only at one end. What were these builders thinking?

To make matters worse, many (scummy) realtors are now including patio and decks space in the square footage. No, a 800 sq ft place with a 700 sq ft patio is not 1500 sq ft of living space.

[–] hazeydreams@lemmy.ca 2 points 3 weeks ago (1 children)

Thats illegal

[–] spaghettiwestern@sh.itjust.works 7 points 3 weeks ago* (last edited 3 weeks ago)

Perhaps, but it has become so prevalent that there is no way of knowing for sure from most listings what the actual living space of a place is. I think nearly half of the listings I've looked at on the web in the past few months are overstating the square footage by 15% or more.

Here's a link to one particularly obvious example where the realtor says the place is 2400 square feet. It's nowhere near that and they are including an 800 square foot ground level patio as living space. Even without that patio space there's no way the place is 1600 square feet.

https://www.realtor.ca/real-estate/27373060/114-225-belleville-st-victoria-james-bay

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