(10-21-2023, 09:53 AM)tomh009 Wrote:(10-20-2023, 07:12 PM)dtkvictim Wrote: 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.
That may be true, but that statistic doesn't seem to relate. Only vacancy rate of 3 bedroom units can tell you that.
Even developer preference for smaller units can't tell you that there isn't a shortage of 3 bedroom units, only that there is more demand and/or a more favourable profit margin for smaller units.
It might be "non-optimal" when you remove the human element, but on a personal level 1 person or 3 people occupying a 3 bedroom unit are equally valid if it meets their needs.