First-time Home-buyers Just Want a 3-million Sq.ft. Living Room
Micro-spaces have been gaining popularity across Canada. This type of condo offers two unique features to buyers: affordability and the shift from private living space to public living space. People who buy them are willing to use the city and its amenities instead of ‘gaining status’ in order to afford purchasing. Because of this, micro-units attract Baby Boomers who are downsizing, students, and investors who seek to capitalize on the trend.
Living sustainably right in the heart of a city means designing efficiently with ‘spatial economy’ in mind, from appliances to storage compartments. Developers have been appealing to the demand not just in Vancouver, Surrey, and Victoria but also Ottawa and Edmonton and have seen great success.
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