The plans filed by Queenscop call for units that are too small for families. See the image above and the link below for floors 3 and 4 at 4099 Erin Mills Parkway. Quite apart from damaging the local community, are these units a good investment? Do they make good business sense? If you have $800,000 that you would like to invest, should you buy one of these as a unit you can rent out? Who will be your tenants and are the units rentable?
CBC on June 20, 2024, published a very useful video on why so many condos in the GTA are sitting empty. They are not designed for families, the units are too small, they are not affordable, they do not provide a good investment for domestic or foreign investors, they do not make good rental units, owners are losing money, and the quality of housing is poor. It seems to me that the Application by Queenscorp respecting 700 small residential units at 4099 Erin Mills Parkway is to build more of the same. Please see the article, watch the video, and let me know if you think Andrew Chang is talking about condos similar to the Queenscorp plan filed with the City.
Reference:
Comments