Why are so many big-city condos sitting empty? | About That
www.youtube.com
In the midst of a housing supply crisis, thousands of condos in Canada's largest cities are sitting empty. Most, experts say, are less than 500 square feet. ...

Just to make things easier for people.

The video talks about the glut of micro units having issues selling due to how undesirable they are for people actually living in them and not aligning with a more realistic price.

The numbers on why a lot of people can’t hold onto these investments:

Shrinking units, the ones discussed in the video is around ~300sqft:

Substantially less of newer units are owner occupied:

  • Voroxpete
    10·
    5 months ago

    I’ll settle for fines being substantially bigger than the profit obtained from the crime.

    • LostWon@lemmy.ca
      8·
      5 months ago

      For hands-off investors, maybe. Directly responsible parties should see jail time though.