TEK Tower (30 Francis) | 45 fl | U/C

[dtkmelissa]

Factor in condo fees. Factor in that those needing 3 bedrooms probably want some property (for their kids). It's a different clientele entirely that buys these condos vs a townhome/semi/house.

Sure, there are condo fees. But you also pay for maintenance, repairs and utilities in a house, so it's not all that much difference once you do the math.

Anyway, I don't think anyone was suggesting 2000 sqft 3BR condos, but 1000-1200 sqft with 2BR or 2BR+D seems quite reasonable, whether for a smallish family or for empty-nesters. Not everyone has three or four kids.

I was speaking to a local builder recently who said that he hears from a lot of people that want them to offer 3 bdrms but when they do, those are always the very last to sell (and they usually only offer a handful of them). He said he believed it to be the cost led more people to choose single-detached or town homes for that cost.

Though I do think we (society) need to reconsider what amount of space we actually need to live decently. I suspect it's much smaller than much of the housing in our region.