Toronto Loft Conversions

Toronto Loft Conversions

I know classic brick and beam lofts! From warehouses to factories to churches, Laurin will help you find your perfect new loft.

Modern Toronto Lofts

Modern Toronto Lofts

Not just converted lofts, I can help you find the latest cool and modern space. There are tons of new urban spaces across the city.

Unique Toronto Homes

Unique Toronto Homes

More than just lofts, I can also help you find that perfect house. From the latest architectural marvel to a piece of our Victorian past, the best and most creative spaces abound.

Condos in Toronto

Condos in Toronto

I started off selling mainly condos, helping first time buyers get a foothold in the Toronto real estate market. Now working with investors and helping empty nesters find that perfect luxury suite.

Toronto Real Estate

Toronto Real Estate

For all of your Toronto real estate needs, contact Laurin. I am dedicated to helping you find that perfect and unique new home to call your own.

 

The walls really are closing in

GTA highrise dwellers have nearly 600 square feet less space than those in houses

George Carras – Toronto Star

In an effort to give homebuyers affordable options within a rising-cost environment, GTA condominium developers have been building smaller units. The average size of a new highrise home at the end of October, 2013 was 818 square feet.

The Ontario government’s 2006 Places to Grow legislation called for the GTA to grow up — not out — as part of a push to promote intensification and ensure sustainable ongoing development in the region.

The population of the GTA is expected to grow by approximately 2.5 million people by 2036 — that’s like a population the size of Vancouver’s moving to the GTA over the next 20 years. Safe to say that plenty of new housing will be required to accommodate this rapidly growing population.

Comment: Even with 3 people per household, we are still going to need something on the order of 40,000+ new housing units – for rent or for sale – to house all of these people. Something tells me that the 16,000-odd condos being completed every year are not going to cut it. And the 4,500 new freehold homes across the GTA don’t add much to the stock.

Intensification has led to a fundamental shift in the kind of housing developers are building across the region, with highrise condo construction becoming the more prevalent form. This shift has been reshaping the way GTA residents live.

Over the last decade, the average household contained 2.85 people per home in the GTA. When most of the new housing being created was ground-oriented, typically single family homes, residents in these larger homes learned to live a certain way with plenty of space to meet their various needs.

These days, however, as multi-family development becomes more common across an intensifying GTA, condominiums — many of them considerably smaller than detached homes — are becoming the go-to form of housing.

The way we live is evolving as a result.

Single-family homes have plenty of space for bedrooms, kitchens, bathrooms, living rooms, dining rooms and laundry facilities. Today’s lowrise home has an average of 876 square feet per person to accommodate those basic functions.

By comparison, those living in highrise units have on average only 287 square feet per person in which to house those same functions. This means more efficiency in the use of space will be required — or perhaps some activities will simply have to occur outside the home, elsewhere in the community.

If smaller and smaller-sized highrise homes are the future for the region, GTA residents will have to further adapt as intensification policies create an increasingly compact urban environment.

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Contact Laurin Jeffrey for more information – 416-388-1960

Laurin Jeffrey is a Toronto Realtor with Century 21 Regal Realty. He did not
write these articles, he just reproduces them here for people who are
interested in Toronto real estate. He does not work for any builders.

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