Quote:
Originally Posted by rbt
Yep. Buyers can afford them, largely because construction costs are quite a bit lower in Ottawa than in Toronto.
If you gifted 200 young families in Toronto land, and donated architect/engineering/legal time they'd still struggle to cover the construction costs for 200 x 1000 sqft units.
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Construction costs? or other soft costs? The labour rates, raw material costs should be veryu similar. It's development costs, cash in lieu etc that might be more but I think it's mostly land cost that is the difference in Toronto vs Ottawa prices.