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.
I’ve actually owned a condo that was not on a corner and stretched along a single exterior wall. It did not extend very far into the building and had windows extending all along the side. There were no windows at the ends of the unit. This place had no issue at all with natural light, nor did it feel like a bowling alley. Problem solved.
Oh wait, I understand what you’re saying now. That makes sense.
By not extending far into the building and going along the outside wall the end of the unit is actually into the next similar unit or the next corner unit.
The building would have less depth than a building that orients units with the end of the units on the outside wall instead, but could be longer.