Toronto The One | 328.4m | 91s | Mizrahi Developments | Foster + Partners

I love balconies but if it's not big enough to use as an outdoor room, it becomes borderline useless. One of the reasons I bought in my building was that the condo came with a usable balcony. I've got 21 plants out there, a table for 4 at one end, a table for 2 at the other end, and they'd still be room for another 8 people. And with solid concrete walls, you never feel like you're dangling off the side of the building. It's a proper outdoor room. In a city with a dearth of clean safe green space, living in a high-rise with a usable balcony is invaluable. I spend a couple hours out there every day, 7-8 months/year.

If they're going to bother building balconies, design them so they're usable space.
Toronto only does balconies at all is because investors buying units off plans think they need them. Very few want to stand on a windy diving board 230m in the air...
 
I think if you asked a lot of renters, a balcony is pretty high on their wish list. And a balcony is definitely nice to have, if you conceive of it as an "extra". If you think of it as indoor space that you're giving up to instead have a balcony, probably wouldn't be so popular...

Despite the focus of this forum, there aren't that many apartments in Toronto high enough that wind is a big issue on a balcony. I'm not sure how high you have to get, but my last building had a rooftop at 21 floors, and it was usually sort of windy up there, but not to an extent that it was annoying.
 
Useful, livable outdoor space is reason 57103495390543 Vancouver / Lower Mainland condos are far superior to our own local garbage:
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