11-15-2021, 11:22 PM
Families with a 3+ BR shortfall would likely need a 4BR or 5BR dwelling in order to address the shortfall. However, it may well be that at least some families are happy with fewer bedrooms than the CMHC standard.
As to the pricing of the (conceptual) 3BR units, if 1000 sqft 2BR units sell for, say, $500K ($500/sqft), do you expect 3BR units to sell substantially below $600K (the same price/sqft)? From what I have seen, larger units (penthouses notwithstanding) are generally NOT more expensive per sqft than smaller units.
As to the pricing of the (conceptual) 3BR units, if 1000 sqft 2BR units sell for, say, $500K ($500/sqft), do you expect 3BR units to sell substantially below $600K (the same price/sqft)? From what I have seen, larger units (penthouses notwithstanding) are generally NOT more expensive per sqft than smaller units.