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'This is egregious': Sisters shocked when Toronto landlord raises rent to $9,500 a month
(toronto.ctvnews.ca)
this post was submitted on 06 Sep 2023
633 points (96.9% liked)
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Since we're throwing numbers around, give me your best guess as to the cost of building an apartment block, per unit. Ignore the cost of land for now.
I'm curious to see if you're going to notice a problem with your logic or not.
Abooout 50-150k₽/m² of unit area or 0.5-1.5k$ depending on local labour cost, cost of materials in that area, building height and other stuff.
EDIT: found mention that Yaroslavl Department of Building says it costs 48k₽/m² of some area(need to look in source). If it is cost of buiding entire building per total area(roof in not added), then per unit it would be around 58k₽/m² of unit. To buy unit after being built it would be around 150-500₽/m².