Woodside Terraces | 6 fl | U/C

[tomh009]

They redid the layouts; the units are smaller than before, given the demand for one- and two-bedroom units. The interiors fully gutted and refinished. You can see interior photos on the web site:
http://woodsideterraces.ca/

Do we know how real this 1-2 bedroom tiny unit demand is?

I know myself, as well a another friend, struggled to find units of the size we wanted, they still do, as they are looking for a 3 bedroom.

I think there are market reasons for developers to prefer smaller units, that might override actual demand.

Anyone know of actual studies?

So let me rephrase … it's easier to sell/rent 1BR and 2BR units profitably (most businesses do prefer profits) than to do the same for 3BR units. As a result, few developers are offering 3BR units. If there were heavy demand for 3BR units, at profitable price levels, we would see more developers offering those.

It may be that in the future we will have an oversupply of 1BR/2BR units and an unmet demand for 3BR units. If that happens, I expect that the 1BR/2BR prices will stagnate or drop while 3BR prices will increase. And that, in turn, will induce developers to offer more 3BR units.