Quote:
Originally Posted by logan5
Units at the 12 story Windsor (in Norquay) went for an average of 150/sq foot more. A 29 story tower at Joyce station costs 400/sq foot more than the townhouses in Norquay. Maintenance fees are 50% higher as well.
There are plenty of examples like that all over metro Vancouver. If people prefer to pay extra to live in a tower, then so be it. But right now home buyers don't have much of a choice in housing product.
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It looks like you can find slightly older apartments in Norquay (in Eldorado for example, and in King Edward Village) at a similar price per square foot. But you're correct, new condos are all still priced at over $1,000 per square foot, and strata fees will be higher. It'll be interesting to see if the new City Plan allows those RM-7 style townhouses to be built in more of the city.