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Real Estate News

The Star’s Vertical Toronto series on condo living continues its ascent

By Kevin Hamilton
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(Image: Daniel G.)
(Image: Daniel G.)

Last week we took a glance at the first instalment of Vertical Toronto, a three-part infographic on condo life courtesy of the Toronto Star. This week saw the tower o’ facts climb even higher, laden with some startling statistics. A very lopsided pie chart supports what we’ve reported about T.O.’s condo-building boom: since the turn of the century, three quarters of all new single-family homes purchased in the city have been condos. But more units means less space—the average new unit in downtown Toronto is 749 square feet, compared with 1,052 square feet for resale condos 10 years ago. If that sounds bad, try living in the smallest one sold this year: $166,000 for just 301 square feet in Regent Park (by contrast, the largest this year cost $28 million for 9,038 square feet in Yorkville’s Four Seasons). Also, in case condo-dwellers need to know, the graphic explains that it’s not kosher to fly kites, raise chickens, set off fireworks or raise poisonous snakes on their balconies. There goes the weekend. Read the entire story [Toronto Star] »

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