City lags in apartment construction
The Canadian Mortgage and Housing Corporation finds that other Canadian cities are building apartments relatively fast, but Montreal isn’t.
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Kate
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Blork 17:13 on 2024-03-27 Permalink
It’s not like we’re not building though. I recently updated my panorama comparison of the René-Lévesque corridor (2012-2014) where it shows 23 new buildings put up in that time, most — probably ALL — of which are residential. Plus there’s all that stuff in Griffintown and a few other development hotspots. But it’s not really the right KIND of residential, is it?
Arguably, some of the people filling those shiny and tiny condos (some of which are rentals) are vacating more affordable apartments elsewhere in the city, creating vacancies for others to fill. But does it really work like that? Sounds good in theory…
https://flic.kr/p/2pEUQUv
MarcG 09:16 on 2024-03-28 Permalink
That’s a wild image, thanks for sharing.
MarcG 09:18 on 2024-03-28 Permalink
Where can one find the names of the buildings linked to the numbers?
Blork 11:48 on 2024-03-28 Permalink
Not from me. The numbers are just for enumeration purposes and in case any commenters want to refer to a specific building.
Ian 18:43 on 2024-03-28 Permalink
My partner used to work for a big property development company, we hears\d all kinds of crazy stories about the construction/urbanism disconnect – all the Tour Canadiens units sell off like hotcakes but entire floors basically stand empty as they were bought as “investments”.
Kate 09:34 on 2024-03-29 Permalink
A few years ago I did some contract work on a fancy book about a then‑new condo development in Toronto. The development was explicitly pitched at people from China already living in Toronto who would be buying additional condo units as investments. So that doesn’t surprise me at all.
CE 11:03 on 2024-03-29 Permalink
I have a friend who had a job a few years ago cleaning airbnbs in the Tour des Canadiens and she said the place was empty. Most units were unoccupied, a few were airbnbs. The whole time she was going there she only met a single actual occupant. I think this is pretty normal for a lot of these buildings.