One photo this afternoon from the GO Train heading into Union Station:
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So that’s at 12 storeys, Goode is 32. So if we just add 24 more storeys we’ll be at the top off of 56.

Obscene.

Tell me though, it’s all pre-sales right? So did we solve the housing crisis? Did we? Did we solve the affordability crisis by allowing luxury condos to not only break local rules on height but to add on more floors after the fact? No? Wild.

Can’t wait to see how many towers they propose for the Ontario Line/Corktown station site.
 
xmyth_ said:
View attachment 651588So that’s at 12 storeys, Goode is 32. So if we just add 24 more storeys we’ll be at the top off of 56.

Obscene.

Tell me though, it’s all pre-sales right? So did we solve the housing crisis? Did we? Did we solve the affordability crisis by allowing luxury condos to not only break local rules on height but to add on more floors after the fact? No? Wild.

Can’t wait to see how many towers they propose for the Ontario Line/Corktown station site.
Click to expand...
huh?

1. This is 46, not 56 storeys - so 14 floors on top of the Goode.

2. This is within 100 metres or so of a future subway station within the downtown of the largest city in the country, 46 storeys is pretty reasonable in that context. the "local rules" were set well before that subway was planned, yet alone under construction, which also gives a reasonable measure as to why those rules should change.

3. condos are not "luxury" despite the marketing for them, especially not this building. They are the entry-level housing market and represent the lowest average sale and rental price of any type of residential dwelling type. Developers love to market them as "luxurious" just like KIA advertises their cars as "luxurious". Just because it's marketed that way doesn't make it true. The reality is that these new condo buildings house the city's middle and working class. The real luxury housing in the city is it's low-rise neighbourhoods areas which are increasingly only accessible to those with significant means.

4. Toronto's high supply of apartment units, particularly in the downtown, has resulted in it having some of the lower market rents for comparable global cities, believe it or not. There are not many other large global cities where you can regularly rent 1-bed apartments in a new-construction building in the middle of downtown for $1600 USD. The system is definitely not perfect.. but it would be so much worse if we hadn't built 100,000 new condo units in the city in the last 5 years. Most of the GTA's market distortion comes from over-regulation of low-rise housing forms which force everyone into the 1-2bed condo units, as well as municipalities strapping on hundreds of thousands of additional costs onto apartments through fees and development standards.
 
xmyth_ said:
View attachment 651588So that’s at 12 storeys, Goode is 32. So if we just add 24 more storeys we’ll be at the top off of 56.

Obscene.

Tell me though, it’s all pre-sales right? So did we solve the housing crisis? Did we? Did we solve the affordability crisis by allowing luxury condos to not only break local rules on height but to add on more floors after the fact? No? Wild.

Can’t wait to see how many towers they propose for the Ontario Line/Corktown station site.
Click to expand...
Goode is going to be 56 Storeys? how do you know?
 
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