10-21-2023, 09:53 AM
(10-20-2023, 07:12 PM)dtkvictim Wrote:(10-20-2023, 05:11 PM)ZEBuilder Wrote: There has been no 3 bedroom units included but city staff provided an interesting data point in that 27000 of the 3+ bedroom units in the city are occupied by only 1 or 2 people. This means 44% of large units in the city have more bedrooms than people living in them.
A bad way to frame it IMO. The only concern should be if 3 bedroom units fail to sell or are unoccupied, and not about how many people are in them. If an individual or couple sharing a single bedroom want or have need for more space then I don't see the issue and there should be supply to meet that demand. Especially with the increased demand for home offices.
I think the point is that there is actually a lot of supply of three-plus bedroom units, and the situation may not be as dire as it would appear from just looking at new condo/rental units being built. And that may explain why there appears not to be strong demand for such units (in multi-residential buildings) leading to developers prioritizing one- and two-bedroom units.