dgto
New Member
Small+ non-functional layouts are largely not a result of investor interest in the housing market, and these layouts will likely persist even if there is less investor capital going into new condo purchases.Honestly, the best thing that could happen to the Toronto market is if investors weren’t able to load up on condos. I’m tired of seeing layouts that are completely non-functional for living.
I say this as someone who lived for a loooong time in a tiny studio. I really, really get that there is a market for small units - but the Freed layout is just unlivable IMO.
A few main reasons why so many new apartments are small and layouts are bad:
- Condos are generally priced on a per square foot basis. When prices/ rents are high (as they have been for years, largely due to a severe housing shortage caused by long-standing zoning restrictions which limit new development), unit sizes get smaller so that they are within a range that people can potentially pay for. The rent/price that one would have to charge for larger units reduces the demand for them, and so apartment sizes get smaller.
- There are myriad zoning regulations and urban design guidelines that directly lead to poor layouts. For example, Toronto's Tall Building Design Guidelines limit floor plates for tall buildings to a maximum of 750 m2, and the City prefers that tall buildings are generally square-shaped to the extent possible. These restrictions make it very difficult to have good unit layouts. You can no longer build the large "slab-style" buildings that were built in earlier decades which generally had larger units with less wasted space.