What Happens To Old Condos? | Lifespan Of Buildings Explained

In this blog post, the author discusses the fate of old condos in Toronto. They explain that some older buildings may be demolished and replaced with new developments due to changing market demands, while others may undergo extensive renovations to meet modern standards. The post also highlights the challenges of renovating older buildings, such as dealing with outdated infrastructure and the need to balance modernization with preserving the building's character. The author suggests that owners of older condos should consider factors such as the building's location and potential demand when deciding whether to sell or renovate their units.