22 Mar Toronto condo developers aim to attract families with multibedroom units.
Original article via Globe and Mail. Click here to read.
Toronto’s high-rise condo developers are increasingly realizing they can play a role in meeting the needs of buyers looking for “missing middle” housing – and are starting to plan buildings that are no longer dominated by one-bedroom or studio units.
In recent decades, city planners have urged developers to set aside only 10 per cent of a building’s units for multibedroom uses and it wasn’t uncommon to see buildings sprout up in the core consisting almost entirely of studio or one-bedroom units. A 2017 study by Ryerson University and Urbanation Inc. found only 41 per cent of 105,000 condos in the planning-construction pipeline were two-bedrooms or larger.
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