Condominiums
Townhomes
Homes
No Minimum
1 Bedrooms or more
2 Bedrooms or more
3 Bedrooms or more
4 Bedrooms or more
5 Bedrooms or more
6 Bedrooms or more
7 Bedrooms or more
8 Bedrooms or more
No Maximum
1 Bedrooms or less
2 Bedrooms or less
3 Bedrooms or less
4 Bedrooms or less
5 Bedrooms or less
6 Bedrooms or less
7 Bedrooms or less
8 Bedrooms or less
No Minimum
1 Bathrooms or more
2 Bathrooms or more
3 Bathrooms or more
4 Bathrooms or more
5 Bathrooms or more
6 Bathrooms or more
7 Bathrooms or more
8 Bathrooms or more
No Maximum
1 Bathrooms or less
2 Bathrooms or less
3 Bathrooms or less
4 Bathrooms or less
5 Bathrooms or less
6 Bathrooms or less
7 Bathrooms or less
8 Bathrooms or less
No Minimum
$100k or more
$125k or more
$150k or more
$175k or more
$200k or more
$225k or more
$250k or more
$275k or more
$300k or more
$325k or more
$350k or more
$375k or more
$400k or more
$425k or more
$450k or more
$475k or more
$500k or more
$550k or more
$600k or more
$650k or more
$700k or more
$750k or more
$800k or more
$850k or more
$900k or more
$950k or more
$1.00m or more
$1.10m or more
$1.20m or more
$1.30m or more
$1.40m or more
$1.50m or more
$1.75m or more
$2.00m or more
$2.50m or more
$3.00m or more
$3.50m or more
$4.00m or more
$4.50m or more
$5.00m or more
No Maximum
$100k or less
$125k or less
$150k or less
$175k or less
$200k or less
$225k or less
$250k or less
$275k or less
$300k or less
$325k or less
$350k or less
$375k or less
$400k or less
$425k or less
$450k or less
$475k or less
$500k or less
$550k or less
$600k or less
$650k or less
$700k or less
$750k or less
$800k or less
$850k or less
$900k or less
$950k or less
$1.00m or less
$1.10m or less
$1.20m or less
$1.30m or less
$1.40m or less
$1.50m or less
$1.75m or less
$2.00m or less
$2.50m or less
$3.00m or less
$3.50m or less
$4.00m or less
$4.50m or less
$5.00m or less
Other Municipalities
Addington Highlands
Adjala-Tosorontio
Algonquin Highlands
Alnwick/Haldimand
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Arnprior
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Wellesley
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Wilmot
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Zorra
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Toronto Condo Today, Toronto Slum Tomorrow

While the Toronto housing ecosystem continues its growth to the skyline, today’s modern condos are in a state of decay towards tomorrow’s slums. 

In Toronto there are currently more than 100,000 condominiums under-construction, with many more planned for the future. The driving force behind the Toronto condo boom is that the prices of condos are up 25.7 per cent, an increase that developers and investors are eager to cash in on. The problem is that these buildings and condos are poorly constructed, with a decaying future of potential problems.

 With the mass amount of units, a significant pricing spike, a profit driven development and weak building code enforcement, the nature of the Toronto condominium developments leaves residents worrying that today’s condos will be tomorrow’s slums.

"The life cycle is clear. They are okay for the first five years, they gradually deteriorate by year 10 ... and don't even reach year 20 before significant remedial work needs to be done. In 50 years these buildings may well become an urban slum," Ted Kesik, a professor of building science at the University of Toronto told Reuters. 

"Many buildings that went up during the beginning of this condo boom are already facing high repair costs, and in many cases lawsuits, because they are built so shabbily."

The problem with Toronto condominiums is not the result of the high standards of picky, first world residents but serious building malfunctions and violations. Such as the glass panels falling off brand new Toronto condos; including the luxury Shangri-La, Trump towers and a dozen or more lesser-known buildings throughout the city. New buildings suffering from water leaks and poor insulation, make units unsuitable for the harshness of Canadian winter, not to mention the pockets paying the utility bills.

With the city’s rental vacancy rate at a slim 1.8 per cent the consequences of poorly built condos are far into the future for investors and developers who have no problem finding tenants. A far non-existent future for investors who usually sign on for 10-year-contracts, doubling their equity during the first five years of construction, and then relaxing on rental income and appreciation for another five years, where they then sell, and re-invest their money in a new decade’s contract. There is no doubting that an investment cycle like this is the fuel behind the continuous housing boom in Toronto; further the cause of an ever-expanding and rising future slums.

With a reputation as a safe haven from global financial crisis, Canada has attracted many foreign and local investors afraid of risky stocks, bonds and foreign banks. These careful investors have been the driving force behind the Toronto condo boom since 2009. According to the Canadian Real Estate Association, condo prices have been rising up across the country, exactly 16.8 per cent over these past five years. While there is no specific statistic on how many Toronto condos are bought by foreign investors, it is estimated in the oddly wide range of anywhere between 5 and 50 per cent.

Despite the building construction being driven by the investors and developers, condominium renters seem to blame poorly built units on weak building code standards, of which are rarely enforced. The provincial building code acts more as a profit stream for Toronto, rather than an actual standard.

In January a report from Toronto’s Auditor General showed that building code enforcement was weak and in need of a serious review. Two thirds of open building permits across Toronto had no inspection for over a year. More violations have been issued than closed each year, and if you can believe it, only a head-shaking 30% of the 3,750 code violations, issued in 2012, were properly inspected.

Owners of Toronto condos are reluctant to make a case about their poorly built condominiums due to the fear of losing asset value, as they attempt or plan to sell the unit. Though there have been some name making lawyers such as Audrey Loeb known as the ‘Condo Queen’ famous for representing clients who did not receive what they were promised in their new condo.

In light of the consequences and problems of the Toronto housing boom developers said that there are many checks and balances, and that mistakes are corrected quickly.

"There's a lot of moving parts. It's not like there is a mistake because we're trying to provide a cheap product. It is the opposite. Everyone is always trying to better themselves," said Barry Fenton, president and chief executive of Lanterra Developments, of which is among developers being sued for falling glass at one of its new condo towers.

"The systems that we have in place have worked, they are healthy. There is no question if building inspectors or policies suggest we should make changes, we're here to listen and make the changes. Change is good."

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