960 replies to this topic

[Glen]

I'm wondering how many suites will hit the market after the closings as there were no re-assignments allowed. What do you think the resale pricing per sq ft will be when complete by October?

Will B&W get $840?????

 

 

[Mike K.]

The square foot prices will depend on unit sizes. There are units sized from 484 to 1,518 in the building so expect higher square footage rates for smaller units. I have no doubt that the smaller one-bedrooms will go for $900-$950.

[Citified.ca]

June 14

 

 

[Hotel Mike]

When the Bellewood Park project comes on stream, and with B&W established by then, it seems this will create quite a vibrant area just east of Cook. Is there real estate parlance being used to describe that neighbourhood? Upper Fort? Mike? Marko?

[Mike K.]

Yes, Upper Fort.

[Brantastic]

Here's another angle:



Signs on the outside of the building claim the building will be done by October. With this, Jukebox, 989 Johnson, and 1008 Pandora all expected to be finished by fall, this represents an increase in 691 units of housing downtown opening up within a period of just a couple months. Let's say an average of 2 people per unit (I believe it's 2.2 per unit city-wide, but I assume a little bit less for downtown), that means an approximate population increase in the range of 1400 in the downtown core by year's end. I'd imagine such a major influx of new residents will have a positive effect on downtown businesses in the core!

[Mike K.]

Two per downtown condo/rental unit? It’s actually that high? Wow. On my floor it was 1.4 per unit. GF’s floor in her building was 1.5.

[Brantastic]

Oh, no. I was just estimating that it would be a bit below the city average. I guess that's a high estimate. I'm probably overestimating the people that live alone. Still over 1000 people in that case.

[Victoria Watcher]

1.5 sounds right. it’s one of the reasons for our “housing crisis”. never in our history have so many people lived alone. also never in our history have so many people been divorced. ie “families” have 2 homes instead of 1.

Edited by Victoria Watcher, 25 June 2019 - 04:12 AM.

[Kapten Kapsell]

I would assume that, owing to unit size, the average number of occupants in the Jukebox might be close to 1 (like 1.1?).

[Rob Randall]

^I estimate the Jukebox's cousin The Mosaic, which has smaller  suites, is at least 1.3 so I would say no.

[Mike K.]

I'm surprised by how many couples I see living in studio apartments. How do you make that work?

[Rob Randall]

For some it's a necessity due to high rents. For others it's lifestyle. They could get more bang for the buck in an old Fairfield apartment but to live in a cool place right downtown requires some sacrifice. Being busy with work and school helps as does being young and unencumbered with excess possessions, but I also know some retired couples living in small spaces.

[Torrontes]

A studio is often less confining than a small one bedroom.

 

Furniture is transitory and the worst possible investment. At some point you have to pay people to take it off your hands.

 

You can practice first on a boat, tent or RV, and then, assuming you remain a couple, the studio seems spacious!

 

Also, the five minute rule helps. You are only allowed to ***** or whine in respect of a complaint or issue for a maximum of five minutes, then STFU.

[aastra]

 

...it’s one of the reasons for our “housing crisis”. never in our history have so many people lived alone. also never in our history have so many people been divorced. ie “families” have 2 homes instead of 1.

 

But we had the very same "housing crisis" back in the 1960s and earlier.

[Rob Randall]

I think people have this false view of the 1950s with everyone living in Leave It To Beaver households and are forgetting the reality of individuals living in grubby SRO hotels on lower Johnson and rooming and boarding houses elsewhere. 

[Victoria Watcher]

single males lived in all types of housing including a whole range of roommate situations and boarding and room and boarding houses. It really wasn’t until the 70’s that “bachelor” suites were purpose built with cooking facilities and bathrooms in each unit. females did some of the same but also tended to live with family longer.

Edited by Victoria Watcher, 25 June 2019 - 09:00 AM.

[Victoria Watcher]

in 1961 92% of families were headed by married couples. in 2016 it was down to 65%

Edited by Victoria Watcher, 25 June 2019 - 09:07 AM.

[Jackerbie]

in 1961 92% of families were headed by married couples. in 2016 it was down to 65%

 

Common-law couples were only defined separately from married couples starting in 1981. The erosion of two-parent households is not near as dramatic as the near 30-point drop suggested.

 

via https://www12.statca...11003_1-eng.cfm

Edited by Jackerbie, 25 June 2019 - 09:23 AM.

[RFS]

Only if you think being common law and being married are no different