Monday, November 14, 2011

Toronto condos badly built...well knock me over with a feather

And one can be yours, starting at only $300,000!!

Many of the glass condominium towers filling up the Toronto skyline will fail 15 to 25 years after they’re built, perhaps even earlier, and will need retrofits costing millions of dollars, say some industry experts.

Buyers drawn to glass-walled condos because of the price and spectacular views may soon find themselves grappling with nightmarish problems, including:

Insulation failures.
Water leaks.
Skyrocketing energy and maintenance costs.
Declining resale potential.

One developer calls glass-walled condos “throw-away buildings” because of their short lifespan relative to buildings with walls made of concrete or brick.

Read more here.

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