u/toronto_star

From the story:

• After the home at 63 Station Rd. was sold in 2024, construction started on a four-unit residential building. It didn’t require special permissions under city rules to increase density in neighbourhoods.
• The owner now wants to build eight units, with 13 bedrooms instead of 11, making it an apartment building. Some neighbours are calling it a “bait and switch,” saying it adds too much density to the neighbourhood, 
• The property's owner told the Star the move from four to eight units is an attempt to design a “flexible structure” given how rapidly the city’s bylaws are changing.

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From the story:

• Amid a struggling condo market, developer Rosehaven Homes is offering a new payment model for a new Hamilton building: allowing purchasers to pay as little as $1,000 a month for four years toward a one-bedroom unit.
• Condo developers usually need to pre-sell around 70 per cent of units before they can get financing to move forward with construction. This model has been under pressure in recent years, with higher interest rates and lower prices.
• Since the beginning of 2024, over 11,000 condo units have been cancelled, with just over 4,000 converted to rental, Urbanation says.

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