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.
While it is a bunch of bullshit that so many were built, we should find a way to use it. People without a home don’t care how small it is so these unsold condos sound like they would make great transitional housing, student housing, etc.
Agreed.
We should change the definition of ‘suitable housing’ so that a family of four can be housed in a closet with a toilet.
/s
You should find a better hobby.
It’s really unfortunate that only families of 4 are unhoused 😔. We were so close to finding some relief from the housing crisis on Canada
/not s
You can’t just put most of our unhoused in these condos with no support structure. We have tried that before and failed.
I believe that I once read of a successful housing model that includes on site support and counseling which works with a very high success rate. I think the study was in Murca.
Our current model of supportive housing isn’t very successful.
9.3% of renters are not in suitable housing. Putting some tiny apartments up for rent doesn’t help the average family.