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  #81  
Old Posted Feb 11, 2021, 12:20 AM
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Originally Posted by StEC View Post
Jeebus those are micro condos! Definitely aimed at students or single people.
and nothing under 300k. They're really trying to make everything unaffordable aren't they
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  #82  
Old Posted Feb 11, 2021, 12:32 PM
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These are pretty standard sizes for new builds all around the globe ... They are definitely geared towards single young professionals (downtown dweller type) and maybe empty nest dwellers downsizing and enjoying the urban core.
If Hamilton still had pricing for new condos under 300k I would be shocked .... Pricing like that just doesn't exist in a major urban core . I think Hamilton has passed the point of "affordable new condos" and unfortunately people who can't afford it will have to do what people in big cities around the world are doing ....move somewhere that they can afford and start commuting
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  #83  
Old Posted Feb 11, 2021, 12:46 PM
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I mean the cost of construction is so high these days you can’t build stuff for less than that.

Yes these unit sizes aren’t crazy ridiculous, but they are smaller than what you typically see in Hamilton. A typical 1 bed here looks to be around 500sf, which is similar to what you see in Toronto, but I would say most new build apartments in Hamilton in the last decade have had 1 beds typically closer to 600sf. So it’s definitely smaller.
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  #84  
Old Posted Feb 11, 2021, 1:15 PM
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Agreed ... But that's the trade off for a developing city in a capitalist society ... Gone are the days of form and function ... Now it's demand / supply / profit ... To even say that 600 sq/ft is proper square footage for a human being is funny ... I've done it and you can make it work but it is not right



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Originally Posted by Innsertnamehere View Post
I mean the cost of construction is so high these days you can’t build stuff for less than that.

Yes these unit sizes aren’t crazy ridiculous, but they are smaller than what you typically see in Hamilton. A typical 1 bed here looks to be around 500sf, which is similar to what you see in Toronto, but I would say most new build apartments in Hamilton in the last decade have had 1 beds typically closer to 600sf. So it’s definitely smaller.
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  #85  
Old Posted Feb 11, 2021, 1:28 PM
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Last edited by Innsertnamehere; Feb 11, 2021 at 2:21 PM.
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  #86  
Old Posted Feb 12, 2021, 12:43 AM
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Quote:
Originally Posted by HamiltonBoyInToronto View Post
Agreed ... But that's the trade off for a developing city in a capitalist society ... Gone are the days of form and function ... Now it's demand / supply / profit ... To even say that 600 sq/ft is proper square footage for a human being is funny ... I've done it and you can make it work but it is not right
Well, I'm not sure to what extent real estate prices have to do Capitalism or a free market.

It does, however, have a great deal to do with the massive amounts of money printing central banks have done over the past decade and general government manipulation of the markets. Rather than letting markets correct 'naturally' they're handing billions over to the banks resulting in massive asset inflation (amongst other things). And just wait for what's coming downstream of the recent round of QE!

It's all well and good if you're already in the game but younger folks are completely screwed. I would be very careful entering the market now because when it pops, it's going to be an absolute mess.
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  #87  
Old Posted Feb 12, 2021, 11:36 AM
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Originally Posted by Dr Awesomesauce View Post
Well, I'm not sure to what extent real estate prices have to do Capitalism or a free market.

It does, however, have a great deal to do with the massive amounts of money printing central banks have done over the past decade and general government manipulation of the markets. Rather than letting markets correct 'naturally' they're handing billions over to the banks resulting in massive asset inflation (amongst other things). And just wait for what's coming downstream of the recent round of QE!

It's all well and good if you're already in the game but younger folks are completely screwed. I would be very careful entering the market now because when it pops, it's going to be an absolute mess.

Capitalism has everything to do with inflation but that's a long story ...the fact that developers are making shoe boxes in the sky for profit is directly related to capitalism and greed

And at this point in time the Hamilton market is pretty good for a young person if they have been able to save up 40-50k for a downpayment. The interest rates are phenomenal so their monthly payments will be lower than ever ...they just have to put up with 400 - 550 sq/ft of living space
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  #88  
Old Posted Feb 12, 2021, 8:47 PM
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And some people have been predicting a market crash for years now.

Personally I don't think it will happen. The demographic factors and intra-provincial migration patterns at work in markets like Hamilton aren't going away soon. Even if those things shift in a big way we'll probably see a levelling out of prices rather than a collapse. More broadly, the Canadian housing market isn't built on a foundation of straw, like it was in the US leading to the subprime mortgage crisis in 2007-2008.
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  #89  
Old Posted Mar 4, 2021, 11:46 PM
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Originally Posted by Chronamut View Post
it DOES take 45-50 mins to take the go bus to downtown toronto for the record, so that's not disingenuous. I've done it many times.
I've done it before in 45-50 mins but have also done the 1 hour and 45 min trip. Really depends on the day of week/time of day.
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  #90  
Old Posted Mar 5, 2021, 11:54 PM
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An Emblem Developments - Jarvis 1 article that had an interesting tidbit regarding Emblem and future Hamilton development.



The company is well-aware of the trepidation from Hamiltonians when it comes to Toronto developers coming in and making a quick buck while driving up prices.

We believe so much in the Hamilton market that we just bought another 1-million square-feet of area,” added Shamil. “For us, it’s not about coming into Hamilton and doing one project and leaving. It’s about making long-term investments and offering the highest quality without some of those crazy prices.”

Shamil highlighted specific design features that aren’t typically found in Hamilton condos, like frameless glass showers and stone countertops and backsplashes.
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  #91  
Old Posted Mar 5, 2021, 11:57 PM
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Originally Posted by craftbeerdad View Post
An article that had an interesting tidbit regarding Emblem and future Hamilton development.

Emblem Developments - Jarvis 1 article

"The company is well-aware of the trepidation from Hamiltonians when it comes to Toronto developers coming in and making a quick buck while driving up prices.

We believe so much in the Hamilton market that we just bought another 1-million square-feet of area,” added Shamil. “For us, it’s not about coming into Hamilton and doing one project and leaving. It’s about making long-term investments and offering the highest quality without some of those crazy prices.”

Shamil highlighted specific design features that aren’t typically found in Hamilton condos, like frameless glass showers and stone countertops and backsplashes.
Wonder where that other 1-million square-foot area is?
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  #92  
Old Posted Yesterday, 2:53 AM
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Originally Posted by TheHonestMaple View Post
Wonder where that other 1-million square-foot area is?
http://skyscraperpage.com/forum/show...=239353&page=3
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  #93  
Old Posted Yesterday, 6:18 PM
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Moderator.... This should be 15 storeys ...just came from Emblem's sales office and it is definitely 15
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