Yeah it's a mini-condo, and all owners form the 'board' to make decisions. More involved than normal, but that also partly explains the much lower maintenance fees. One of the units seems to have just sold for $980k for around 1,500SF. If developers can make money on these at around $650/foot...

Yeah for sure, there are other, substantial differences. Boom/bust so people generally don't pay to their max, less of a 'prices can only go up' mentality. The zoning laws are just one explanation. Was this part of the 2023 reforms? If so, that's great news. Agreed it'll take a while for...

Very helpful reply. But you're partly proving my point. No, prices may not have gone down. But in addition to those charts that you showed, there are also a few additional things that need to be remembered 1) Between 2007, the last peak, and 2024. Inflation has been 44%. 2) Over that same...

This seems to be an overly pessimistic take, that prices will just always be high no matter what zoning reforms are introduced. Places that have implemented wide-ranging zoning reform, i.e. Calgary and Edmonton, have house prices PSF roughly 60% less than the GTA. It's not because materials and...

The Star just did a story on this property, link below. It's paywall'd, but it says that this was possible now that the new zoning rules are in effect...

I don't think that there's any additional vote needed. I believe that the 4-unit discussion was just about whether to expand the existing existing province-wide 3-unit maximum to a 4-unit maximum

First time that I've ever seen this before since the new zoning rules were introduced. Apologies to mods if we aren't supposed to link to actual MLS listings Someone bought 319 Mortimer in East York. Rebuilt it as 3 units in the main building, plus a separate two-story garden/laneway suite...

One important thing to note is that pretty much all of 'Old Calgary' already makes it extremely easy to build. The proposal is simply to expand it to the rest of the much more suburban city. So it's not that Calgary is losing its 'build, build, build' mentality, as it's still way easier to turn...

I think if those complicating rules to build more semis/townhouses have been sufficiently streamlined, this could be transformative on both buyer psychology and speculation. If people start seeing more semis/townhouses popping up in the yellowbelt, it may start to shift the current mentality...

Thanks, all. Very helpful! It sounds like the recent reforms don't make it any easier to, for example, take a North York 50 x 120 foot bungalow and turn it into 2 semi-detached houses a la several other cities in North America. But it DOES, in theory, make it easier to turn these 4-unit...

Thanks! Okay so in theory, this should make it easier for a developer to buy up an old bungalow, and turn it into two semi-detached houses, which are then sold to individual owners? I ask because I'm living in Calgary and out here, you see this happen all the time. Old bungalows on corner lots...

Apologies if this has already been covered elsewhere on this form. I've also looked for the answer on City documents, with no clear answer. Simple question: Can multiplexes be sold as separate units, similar to condos? Or would this scenario need to be bought wholesale by a single owner, who...

Huge improvement - hopefully it wouldn't involve tearing down those heritage buildings along Richmond closer to Ontario street though. 4 acres is a pretty big site

I don't really see why it's relevant either. No different in my opinion than the fact every hospital wing is named after its major contributor

Absolutely agree. Even if there were only a couple of trains in the morning and a couple in the evening, it would be a huge help. Cutting the commute from this area from an hour down to probably 30 minutes to Union would be amazing.