01-11-2017, 11:23 AM
(01-11-2017, 11:10 AM)tomh009 Wrote: Quite possible. Even when it's not investors, condo owners tend to be either young singles/couples or older empty-nesters. In both cases one-bedroom units and one-bedroom-plus-den ones are a good fit, and will sell more quickly.
If there is more demand for two-bedroom units than the developer is expecting, they'll sell out fast, and another developer will surely be paying attention to this fact. The mix will balance itself over time.
I thought I read that condos with dens were reconfigured and rented out to students as an extra bedroom.
If a developer knows that they can get so many $ for 8 units on a single floor, wouldn't they charge about double per unit for 4 units on the same floor? In reality I know space might be a little less than double and the developer saves by not having to make a second kitchen but I don't think they would necessarily pass the savings on.