Something I cant figure out. If for profit developers are selling new housing for $400k, why does it cost not for profit (city housing hamilton) average $476K per unit excluding land costs??? @karl_andrus? @AndreaHorwath?
Something I cant figure out. If for profit developers are selling new housing for $400k, why does it cost not for profit (city housing hamilton) average $476K per unit excluding land costs??? @karl_andrus? @AndreaHorwath?
@SaundersWard10 @karl_andrus @AndreaHorwath "btw 400,000.00 is a bachelor unit w/o parking. add 1600.00 monthly condo fees" I can buy a 500 sq ft apartment in a co-op in Hamilton for $250.
@SaundersWard10 @karl_andrus @AndreaHorwath In the comments it is shown the interior of the bachelor unit is 369 sq ft.
@OneBadDoggo @karl_andrus @AndreaHorwath Thanks. I haven't done a deep dive on the size of the new units non-profit are building. For some reason I thought it was around 400 sq feet but don't know for sure.
@SaundersWard10 @karl_andrus @AndreaHorwath With the balcony, yes, apparently it is. I'm not sure why it costs so much to build housing, either. But I suspect a big piece of it helps to explain why the private sector prefer greenfields.