Leftbank condo . Are there faults in medium-sized houses in many districts?
Leftbank condo . Are there faults in medium-sized houses in many districts? The construction of buildings in the Greater Toronto area is concentrated in the co-managed Pavin Building and detached houses, resulting in a sharp drop in the construction of middle-level buildings in the area, such as town houses, three-span houses, (triplexes) and so on.Please Visit: Leftbank condo to Get Your VVIP Registration Today!
This has led to a “fault” in the construction of buildings in many districts, which the report said has caused the long-term loss of family bedrooms in the province, but there are also many families who do not have enough room for use, such as “sardine fish”.
The report, entitled “understanding the challenges of Housing affordability in Ontario”, conducted by the Canadian Center for Economic Analysis ((Canadian Centre for Economic Analysis,CANCEA), points out that housing construction in most districts is now polarized. when developers wantonly build independent houses worth more than $1 million and co-manage units in Pak Man Building, they ignore the construction of what are described as medium-sized houses, such as town houses, twin-pillar houses (duplexes) and triple-house (triplexes), etc. To provide a variety of options for families who cannot afford to buy more than one million buildings and do not want a family to live in a co-managed small Pak Man flat.
The report estimates that more than half of Ontario people live in houses where bedrooms have been vacant for a long time. According to the data, analysts describe that there are more than 400000 houses in the province, and three or more bedrooms have been vacant for a long time. However, one out of every eight provincial residents lives in a house, and the bedroom is not enough, so several family members may have to sleep in the same room.
Smith Taining (Paul Smetanin), president of CANCEA and an analyst at the big data assessment, described the situation as a “vanished medium-sized house” (Missing Middle). Developers’ likes and dislikes of building houses and government policies forced provincial residents to choose between independent houses and co-managed Pak Wen units, either living in a vacant house or a small, “sardine” house.
Smithainen’s analysis pointed out that the reasons for the pressure of nearly unbalanced HOS housing in most districts include faster-than-expected population growth, fewer housing options and more and more families are forced to live far away from their places of work.
The report points out that the reason for this “fault” in most districts is that when the Government plans for land development, it classifies lots as independent housing estates or jointly managed Pak Man buildings. This standard has stifled the construction of medium-sized housing. The report suggests that the Government should take the lead to encourage developers to build different types of housing, avoid the types of buildings in the Greater Toronto area, and become even more polarized in the future.
Guan Rongguang, an experienced local real estate industry, said that economists’ analysis of the market sometimes may not be in line with the actual situation. He said that developers are not keen on building medium-sized houses such as town houses, and now there are developers building a series of town houses, which, of course, depends on the housing policy of the provincial government. In addition, the type of housing to be built will also be determined taking into account the size of the development site and the needs of the community.
Guan Rongguang said, for example, that the market has a certain demand for town houses, such as the Ontario government launched 16 measures to cool the property market in late April this year, the real estate market quieted down slightly, but in Times Ave, Wanjin City, there was an open town house with an asking price of more than 700,000 yuan, and finally he closed the deal for the owner with 1.05 million yuan, indicating that under slightly slower market conditions, consumers still have a large demand for town houses. He believes that if this town house is located in the vicinity of Jiayang Street, North York Fenzhi Avenue, the transaction price may be higher.
He said that the number of medium-sized houses built by developers such as town houses has slowed down in recent years, but it does not mean that developers do not like to build such medium-sized houses. very often, it is the housing policy of the provincial government, hoping to release the largest number of flats on a lot. Another consideration is which type of housing is more needed by the community population, and developers’ choice of housing construction takes into account the market trends in housing construction planning.