Urban Housing Choices and Costs | Sustainable Cities Collective #Devdurable

Urban Housing Choices and Costs | Sustainable Cities Collective #Devdurable

Community by Evgeny Tchebotarev on 500px Toronto is the condo capital of North America. For a number of years now, there have been more condos under construction in this city compared to any other in North America , including New York. But recently the real estate community has become incredibly interested in building multi-family apartments (also known as purpose-built rental buildings). Which is why about 7 months ago I wrote a post called, Rise of rental . It has been decades since Toronto built rental apartment buildings at any sort of scale. That means that our existing stock is generally pretty old and that condominiums – rented out by individual investors – have been almost exclusively fulfilling the need for rental apartments in this city. But given that purpose-built rental apartments are on the rise, I’ve been thinking a lot lately about them and about the consum...

Full article: http://sustainablecitiescollective.com/donnellyb/1065461/...

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