Comment 113092

By Haveacow (registered) | Posted July 27, 2015 at 09:02:31

The big problem in Ontario with 4-7 story buildings is the Ontario Building Code and the real but extreme cost of installing elevators. If you build above 4 stories you must install elevators in Ontario. 90% of the cost of elevator installation is the elevator car and all the support motors and lifting equipment. The height of the building/elevator shaft is not a big factor. The difference of putting in an elevator in for a 6 story building and 12 story building is maybe a 10%-15% increase in cost. However, at 6 stories those elevator costs can depending on, the size of the building's foot print and the type and main use of the building, eat away between 1-2 entire floors of profit for the developer. To make up those elevator building costs, most developers choose to go higher (add floors). If the city has a hard cap on building heights, that building may have just become unfordable to build as a office building or made sure that it will be luxury only high end condo building for the wealthy to make up the costs of keeping it a low rise building.

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