The Ugly Truth About Toronto Condos – An Engineer Tells All (Part 2)

Vas interviews Sally Thompson about various issues related to condos, including net-zero mandates and their impact on affordability, the complexities of decarbonizing buildings, and the challenges condo boards face in planning for these changes. They discuss the potential costs associated with running dual systems, the voluntary nature of current mandates, and the availability of funding for decarbonization roadmaps. The conversation shifts to fire safety concerns related to electric vehicles in high-rise buildings and the difficulties of firefighting EV fires. They also touch on the financial sustainability of super-tall buildings, the challenges of window replacements, and the complexities of cost-sharing agreements. The discussion also covers insurance deductibles, operating surpluses, procurement of services, and red flags for potential condo buyers. Finally, they explore the current real estate market, the impact of low interest rates, and the potential for a market correction.