I hate government over regulation but there's something to be said with the idea of forcing builders to live in the smallest unit of every project for the first year after closing. I think if they actually had to live in it the units would be bigger.
Salaries are better in NY NYC, and it is a more international city. Born and raised Torontonian here but we are not NYC nothing in Canada compares sorry . Toronto is more unaffordable when you consider salaries and currencies
How are people getting mortgages for smaller units? TD Bank told me that anything under 430sqf is not a good investment for them and requires a significant downpayment.
This isn't Hong Kong, Tokyo, or London. We don't even have fantastic restaurants or serviceable transit systems here. It'll take you an hour to get where you want to go. Most the city is run down or cosmopolitan. Immigration/housing demand is insane!
Square footage figures include the walls so the unit at 9:55 is significantly smaller than the square footage implies with those thick walls eating into it.
I’ve been wondering why there aren’t small condos for sale because. I thought it could solve housing for some but these condos are crazy prices. $350k is what I would expect but $500k is sad news. Amazing video, and I really like this presenter.
The first unit is 12×12 room so to have a bed you'd need to remove not only the coffee table but the TV and the table behind it to still have room for the kitchen and walking space. It's actually completely unworkable. We are creating the slums of the future.
great video! some feedback on the 3D map: - a legend would be nice to explain building colours - some overlays: - transit (with GTFS data) - zoning - density heat map (population? ) - more landmarks like school campuses
Yeah $200k is a lot for those shoeboxes but i could reasonably see that as a new working professional option. At $600k+ I'm not entirely sure what kind of jobs you have out their to be able to ever afford that let alone a future of having a family.
The amount of condos I've seen where a bedroom doesn't even have a window is outrageous. People are literally living worse than prisoners in Toronto and paying out the ass to do it.
terrible returns on these if bought 10-12 years ago. 6% barely with huge transaction costs, maintenance fees, property taxes, not sure what the point of buying these is.
The only reason anyone would be willing to buy most of these places at these prices is, as someone else said, either as an Airbnb rental and/or speculation. Most of them can't even pull in enough money as a rental to cover the mortgage, property tax and condo fees, a sure sign that something is out of whack.
The same is with vehicles with the exception of pickup trucks. Even though they look big on the outside, inside the leg room is almost the same. I was looking to buy an suv and checked out 5 different brands hybrids, all small inside.
I think they should legislate minimum sizes for condos. I don't think any unit should be smaller than 650 sq ft. Developers are still making a profit if they make the units bigger. They also need more family sized units of 3+ bedrooms.
Loved the rants during this video haha. Some of these 1700PSF studios seem expensive right now given the market. But with the gap in new construction starts vs population growth, I wonder if they will end up being good investments (like your example) in 2028/29
For people whom have a bit of money and don't want to spend $$ on a full proper size condo can use these units for a weekend place to stay/ f*** pad. Other than that these are just an Air B&B investment condo. No one would make this their permanent res
I think people compare Toronto to NYC relative to wages, and if they're comparing raw prices its only bc they heard someone compare based on wages and didnt check 😅
Super small but still liveable for single people but the price is way too high for what it is. If the cost is in the range of $700-$1000/sqf including a parking spot then it is worth it.
some feedback on the 3D map: 1/ swivel tool is clunky... I couldn't figure it out... consider implementing swivel similar to Apple or Google Maps to spin your map around so we can look for example southward or eastward... 2/ Consider a layer that you can turn on and off that labels landmarks - you can start small e.g ROM, ScotiaBank Area, Jack Layton Ferry Terminal, Rogers Centre etc... for downtowners who know the city well... they should be able to turn it off.. for those who don't know the city ... a very useful tool to assess location of a condo development. 3/ The one building I was interested in - blue colored- ... has a dead link...no info. Its the building on the north side of Front across the street from the upcoming Union Park development...
If you ever had a gold fish you will know that over feeding kills the fish you want to keep them hungry so they live longer plus they will only get as big as the tank
I would move out of the Country for a spacious and luxurious condo at $800,000 CAD rather than move into a shoeboxe in Toronto. I'm looking at you Dubai. Already doing my homework.
I'll never forget when these shoe box condos were "all the rage". They built these shoeboxes targeting wealthy international students and asians looking for a Toronto address. All the lenders pulled out and won't mortgages these undignified shoeboxes anymore
Wait so my county doesn't let me build small building to live in with water and sewer because it doesn't meet code. But you're telling me our capital city is crapping out this monstrosities? At least prison provides you food...
Why does Vancouver have better condos than Toronto? Toronto condos have small appliances and electric stoves l. Vancouver condo kitchens usually have gas stoves and full size kitchens.
These days, being disabled does have its bright side. Okay, so I live in a 550+ square foot apartment on the second floor in east Scarborough, and it has a nicely carpeted living room, hallway, and bedroom. Non-carpeted rooms, are the bathroom, kitchen, and furnace room. So, 1 months rent, times 12 months, times 20 years, adds up to a total rent cost of $33,600. Yep a fixed $140 per month rent for 20 years. However, once I hit 65, the disability support income stopped and so the rent went up to just under $700 due to me now having a CPP OAS/GIS income. Anyhow, $33,600 to cover 20 years rent, ain't all that bad. YeeHaaa
So you're happy about other Canadians paying for you to live lol? Probably wouldn't want to live if i was just a useless leech tbh. Zero chance Id make it 2 years let alone 20.
Just recently I bought a 900 sqft house, detached with a yard and basement, for less than these and it wasn't even in bumf**k nowhere. Moral of the story is leave Toronto 😂
Some projects can take about 10-20 years to develop & launch. In that time, houses held by Boomers were to be sold or inherited while the Boomer downsized to the condo market. As well short term rentals for young adults. So between year 2000 to 2020, that development plan perhaps had to adjust to inflation, new population demands and foreign investors etc., leaving what is now for regular living. It's an unfortunate conclusion of failed foresight. Condos look great, innovative, however, if not a Boomer or young adult, it's only an investment property to most until the GTA expands more outwardly
A decently laid out tiny condo really Isn’t that bad for a single person who wants to live simple. What’s ridiculous is the outrageous price and crappy workmanship.
2022 Canadians on TH-cam: UNAFFORDABLE HOUSING IN CANADA. HOUSING CRISIS!!! 2023 Canadians on TH-cam: WE NEED MORE HOUSING!! 2024 Canadians on TH-cam: THE END OF THE WORLD IS NEAR!! MARKET CRUSHING!! WE HAVE TOO MANY HOUSES!! 2025 Canadians on TH-cam: Mortgage Interest Rates Cut With More Than 1.5%: I TOLD YOU!! I WAS FIRST!! 2026 Canadians on TH-cam: Canada is the best country in the world. Real estate will never crush!!! Hypocrites? Misleading? Looking for followers only? Telling half of the truth to build their brand? Who knows? BUT I KNOW. :)
@@vert911 I've seen the numbers, much better weather, higher wages, lower tax, food, etc. More stuff to do than maybe anywhere on the planet. Less loser immigrants.
Who's going to use these condos like people on a religious pilgrimage coming to pray to the CN Tower maybe if they put arms on it and they drape a big cloth over it they can make it look like Jesus
@@Precondo you are just ignorant, is there only Germany in Europe??? I am speaking about civil country, try to find that garbage in Italy, Spain, France, etc.
@@Precondo get out of the shithole where you are living and learn how to do research, in Italy, for example, is the minimum requirement for a studio 28 sm. NET and 45 sm. Net for 1 bdr, many regulations are in place all around Europe.
@@PrecondoYOU da Best!! Hey, whatever happened to the building overlooking the beach in the west that you told me was a great end user building? Italian builder. What are they selling per foot these days?
I hate government over regulation but there's something to be said with the idea of forcing builders to live in the smallest unit of every project for the first year after closing. I think if they actually had to live in it the units would be bigger.
I would pay good money for this reality show
Love the idea.
Closet life.
It is strange and incomprehensible but Toronto Condos are becoming like Hong Kong.
for a person come from Hong Kong, I am really sad to see this happens in Canada
Don't worry we will move out of this city before buying these @@yungangel9241
at least you get Hong Kong there, not dumpy Toronto
@@thespacesbetweenstudio3346 hong kong is...pretty dumpy.
We haven't got to bird cages just yet.
*these are like the size of hotel rooms, you might as well add two double beds and put it on AirBnB* lol..
In some cases, these are actually smaller than a hotel room. It's disgusting.
You’re not allowed. You own your property. But you’re not allowed. This whole country is a complete fcukng $h1thole
Compare a way out suburb of New York to a way out suburb of Toronto and you will see how unaffordable Canada is.
I agree w this
Salaries are better in NY NYC, and it is a more international city. Born and raised Torontonian here but we are not NYC nothing in Canada compares sorry . Toronto is more unaffordable when you consider salaries and currencies
Also realistically I think Chicago is more similar to Toronto for comparison rather than NYC..
@@deliocomtubeChicago is more affordable than new York but I see your point
It is a fact that Toronto is less affordable than NYC when comparing avg. salary to avg. home price. That's what people are talking about.
275 sq foot condo? My bedroom is bigger than that! LOL!
Lucky you
So is my closet.
400 sqft is luxury now
How are people getting mortgages for smaller units? TD Bank told me that anything under 430sqf is not a good investment for them and requires a significant downpayment.
laundered chinese money
This isn't Hong Kong, Tokyo, or London. We don't even have fantastic restaurants or serviceable transit systems here. It'll take you an hour to get where you want to go. Most the city is run down or cosmopolitan. Immigration/housing demand is insane!
what are the best areas for condos in toronto?
Square footage figures include the walls so the unit at 9:55 is significantly smaller than the square footage implies with those thick walls eating into it.
Yep, if they measured living space, every condo would be 25% smaller
@@CorporateShill66 So many scams in this industry. These developers need a wake up call.
I’ve been wondering why there aren’t small condos for sale because. I thought it could solve housing for some but these condos are crazy prices. $350k is what I would expect but $500k is sad news. Amazing video, and I really like this presenter.
The first unit is 12×12 room so to have a bed you'd need to remove not only the coffee table but the TV and the table behind it to still have room for the kitchen and walking space. It's actually completely unworkable. We are creating the slums of the future.
yeah we're not NYC level but nyc has way higher wages there's finance bros there doing like 1m salary they can borderline justify a place like that
great video!
some feedback on the 3D map:
- a legend would be nice to explain building colours
- some overlays:
- transit (with GTFS data)
- zoning
- density heat map (population? )
- more landmarks like school campuses
Yeah $200k is a lot for those shoeboxes but i could reasonably see that as a new working professional option. At $600k+ I'm not entirely sure what kind of jobs you have out their to be able to ever afford that let alone a future of having a family.
The amount of condos I've seen where a bedroom doesn't even have a window is outrageous. People are literally living worse than prisoners in Toronto and paying out the ass to do it.
terrible returns on these if bought 10-12 years ago. 6% barely with huge transaction costs, maintenance fees, property taxes, not sure what the point of buying these is.
when are you doing the vancouver? I did check out Toronto & its impressive!
not planning Vancouver unfortunately, the data we need isn't provided
Would there be any value for these studio apt in future. Btw excellant video
The only reason anyone would be willing to buy most of these places at these prices is, as someone else said, either as an Airbnb rental and/or speculation. Most of them can't even pull in enough money as a rental to cover the mortgage, property tax and condo fees, a sure sign that something is out of whack.
As for the map, an FPV view from the units window or balcony.
What is the actual point to building these in the first place, who would bother buying these?
Would be neat to add the TTC tram and subway routes so you can see how far the buildings are from substantial transit infrastructure
love this idea
Why don’t you do a video on why we have this - micro apartment problem - how did this happen ?
Investors are the ones buying these. They don't care about the layout because they aren't living in it. They just want the best deal.
Some feedback on the 3D tool. Can you expand it to urban centres in the GTA where 4-5 condo projects are happening each year?
The same is with vehicles with the exception of pickup trucks. Even though they look big on the outside, inside the leg room is almost the same. I was looking to buy an suv and checked out 5 different brands hybrids, all small inside.
For the model a compass and labeling of main streets would help people
I think they should legislate minimum sizes for condos. I don't think any unit should be smaller than 650 sq ft. Developers are still making a profit if they make the units bigger. They also need more family sized units of 3+ bedrooms.
Loved the rants during this video haha. Some of these 1700PSF studios seem expensive right now given the market. But with the gap in new construction starts vs population growth, I wonder if they will end up being good investments (like your example) in 2028/29
4 years is not a long enough timeframe. You'll be lucky if they are worth what you paid for these precons
how will king toronto look in the winter when nothing is green?
We got rate cut finally, now can have milk as breakfast, not just water
🙌🏼🤣
thank u tiff
The rate cut will just drive costs higher.
Heatd anything about Mobilio condos by Menkes in Vaughah?
How can you live in these prison size condo a home. You are right Toronto is not NYC, I wouldn't pay over 1200/sq ft. Especially with our NDP mayor.
For people whom have a bit of money and don't want to spend $$ on a full proper size condo can use these units for a weekend place to stay/ f*** pad. Other than that these are just an Air B&B investment condo. No one would make this their permanent res
Cheaper to just get a hotel 😂
Would it be a lot of work to add the streets to the 3d view?
no we can definitely do that
@@Precondo keep up the good work even though we all watch in hopes to make money aswell
I think people compare Toronto to NYC relative to wages, and if they're comparing raw prices its only bc they heard someone compare based on wages and didnt check 😅
89 Avenue Rd - is a senior apt !
People are crazy there should be rules for how small a unit can be this is purely greed
Super small but still liveable for single people but the price is way too high for what it is. If the cost is in the range of $700-$1000/sqf including a parking spot then it is worth it.
less that 300 sq ft is not livable
some feedback on the 3D map:
1/ swivel tool is clunky... I couldn't figure it out... consider implementing swivel similar to Apple or Google Maps to spin your map around so we can look for example southward or eastward...
2/ Consider a layer that you can turn on and off that labels landmarks - you can start small e.g ROM, ScotiaBank Area, Jack Layton Ferry Terminal, Rogers Centre etc... for downtowners who know the city well... they should be able to turn it off.. for those who don't know the city ... a very useful tool to assess location of a condo development.
3/ The one building I was interested in - blue colored- ... has a dead link...no info. Its the building on the north side of Front across the street from the upcoming Union Park development...
Thank you 🙏🏼
Back in the day boomers would have laughed and offered a 100K. Now people are scrambling for prison cells.
If you ever had a gold fish you will know that over feeding kills the fish you want to keep them hungry so they live longer plus they will only get as big as the tank
are we the gold fish?
200k$ invested in s&p500 since 2011 would be 1mil$ today tho... "worked out pretty well" is relative.
yeah but most who bought the $200K studio would have put 40K down, not 200, + positive cash flow
I would move out of the Country for a spacious and luxurious condo at $800,000 CAD rather than move into a shoeboxe in Toronto. I'm looking at you Dubai. Already doing my homework.
Art Gallery? - the marketing co should be given a medal
We are not even in the top 10 cities world wide - New York is number 1 - I’m surprised we are even this close in price !
Other cities have small apartments for practical reasons. This doesn't apply to Toronto.
I'll never forget when these shoe box condos were "all the rage". They built these shoeboxes targeting wealthy international students and asians looking for a Toronto address. All the lenders pulled out and won't mortgages these undignified shoeboxes anymore
Im calling HR on both you and @TomStorey, immediately!
Beautiful website 🤩
Wait so my county doesn't let me build small building to live in with water and sewer because it doesn't meet code. But you're telling me our capital city is crapping out this monstrosities? At least prison provides you food...
I think I'd rather live by square 1 than down town personally
Why does Vancouver have better condos than Toronto? Toronto condos have small appliances and electric stoves l. Vancouver condo kitchens usually have gas stoves and full size kitchens.
Love it! I live in 800 Sq ft and don't use the dining area. Such a waste of space.
The audacity…
Very creative video poster, it tells you all. Love it 👊🏻
These days, being disabled does have its bright side. Okay, so I live in a 550+ square foot apartment on the second floor in east Scarborough, and it has a nicely carpeted living room, hallway, and bedroom. Non-carpeted rooms, are the bathroom, kitchen, and furnace room. So, 1 months rent, times 12 months, times 20 years, adds up to a total rent cost of $33,600. Yep a fixed $140 per month rent for 20 years. However, once I hit 65, the disability support income stopped and so the rent went up to just under $700 due to me now having a CPP OAS/GIS income. Anyhow, $33,600 to cover 20 years rent, ain't all that bad. YeeHaaa
So you're happy about other Canadians paying for you to live lol? Probably wouldn't want to live if i was just a useless leech tbh. Zero chance Id make it 2 years let alone 20.
although it’s possible to live like this, it’s hard to make a case it’s better than vanlife
Just recently I bought a 900 sqft house, detached with a yard and basement, for less than these and it wasn't even in bumf**k nowhere. Moral of the story is leave Toronto 😂
Some projects can take about 10-20 years to develop & launch. In that time, houses held by Boomers were to be sold or inherited while the Boomer downsized to the condo market. As well short term rentals for young adults. So between year 2000 to 2020, that development plan perhaps had to adjust to inflation, new population demands and foreign investors etc., leaving what is now for regular living. It's an unfortunate conclusion of failed foresight. Condos look great, innovative, however, if not a Boomer or young adult, it's only an investment property to most until the GTA expands more outwardly
299sqft is the new luxury
A decently laid out tiny condo really Isn’t that bad for a single person who wants to live simple. What’s ridiculous is the outrageous price and crappy workmanship.
Small unit build to rent skyscrapers will be the future of Toronto and most cities in Canada.
LOL love the thumbnail 😂🙌
Imagine working all those hours saving up for a prison cell
2.05 prison cells
@@Precondo lmao
It's better to live in a tent in a park 😊
These are just going to drive more people out of the 416.
No one actually wants to live in one of these things. Toronto is a skyline full of little boxes of misery.
Norwegian prisons are better than these, and cost just one flight and a fight.
2022 Canadians on TH-cam: UNAFFORDABLE HOUSING IN CANADA. HOUSING CRISIS!!!
2023 Canadians on TH-cam: WE NEED MORE HOUSING!!
2024 Canadians on TH-cam: THE END OF THE WORLD IS NEAR!! MARKET CRUSHING!! WE HAVE TOO MANY HOUSES!!
2025 Canadians on TH-cam: Mortgage Interest Rates Cut With More Than 1.5%: I TOLD YOU!! I WAS FIRST!!
2026 Canadians on TH-cam: Canada is the best country in the world. Real estate will never crush!!!
Hypocrites? Misleading? Looking for followers only? Telling half of the truth to build their brand? Who knows?
BUT I KNOW. :)
come on Jordan - you know there are places in the world where these are considered large.
I know
But are they high tax, freezing, boring & full of undesirables? Nope.
@@CommoditySC You haven't been to NYC lately I guess.
@@vert911 I've seen the numbers, much better weather, higher wages, lower tax, food, etc. More stuff to do than maybe anywhere on the planet. Less loser immigrants.
"You will own nothing and be happy"
Done! Stick a fork in the market!
575 :O unbelievable haha
Hahahah
Get me in touch so I can hire them!
I grew up here all my life, my friends make 150k a year and you think we're going to waste money on a condo? Nahhh only the sheep will buy it
boxes little boxes. lol
Id rather sleep under a tree.
And there's drug addicts to great you outside the main entrance.
MAKE THE NORWEGIAN PRISON CELL INDEX GREAT AGAIN
Dog crate in the sky...
Who's going to use these condos like people on a religious pilgrimage coming to pray to the CN Tower maybe if they put arms on it and they drape a big cloth over it they can make it look like Jesus
prison cell index lol
Who is buying these shitty condos?
Nobu is terrible
In Europe these units size is completely against the law, but this is the shithole of the world.
what are you on about? google for 2 mins you'll find a plethora of 150-200sqft apartments in Germany
@@Precondo you are just ignorant, is there only Germany in Europe??? I am speaking about civil country, try to find that garbage in Italy, Spain, France, etc.
@@Precondo not only you are ignorant, you also confuse square feet with square meters.
@@Al-McGregor hey dork - 20 sq meters is 215 sq ft and Germany has apartments that small
@@Precondo get out of the shithole where you are living and learn how to do research, in Italy, for example, is the minimum requirement for a studio 28 sm. NET and 45 sm. Net for 1 bdr, many regulations are in place all around Europe.
Ok Now please put Nobu on the map!! She deserves at least that much!!
we're on it just for you Adam
@@PrecondoYOU da Best!! Hey, whatever happened to the building overlooking the beach in the west that you told me was a great end user building? Italian builder. What are they selling per foot these days?
looks like JAIL