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    Der Eigentumswohnungsmarkt in Vancouver wird von Investoren geprägt, die kleinere Einheiten bevorzugen: StatCan


    Der Eigentumswohnungsmarkt in Vancouver wird von Investoren geprägt, die kleinere Einheiten bevorzugen: StatCan

    https://vancouversun.com/business/real-estate/vancouver-condo-market-smaller-units-investors-statcan

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    1. Mundane-Teaching-743 on

      > Investors prefer condo projects with smaller units because the rent per square foot of living area tends to be higher. The phenomenon is rooted in the presale of condo projects, the study noted. Investors buy presale units with the goal of making a profit when the buildings are complete — either by renting them out or selling the unit at a higher price. Developers, in turn, rely on presales to begin construction. “These pre-construction sales are used by developers to secure financing for the projects,” the StatCan report said. “This dynamic means that investor preferences may have an influence on the type of buildings that get built.”

    2. scottengineerings on

      The city planning departments in Toronto and Vancouver have the ability to deny applications for development if they don’t meet a criteria, for example, of including larger units.

      Toronto in particular allows anything to be built without much question at all, which has resulted in prime land being developed wastefully.

      Instead of densifying, the result is large vacant towers, permanent loss of revenue, and the impending dilapidation of floor to ceiling glass buildings.

      That investors are interested in units that could be purchased cheap and flipped easily is merely a reality that never had to be entertained in the first place actually, unless of course there was a conflict of interest between planning departments, developers, and investors. But surely that isn’t/wasn’t the case.

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