Our city is home to some of the world’s best developers, architects and interior designers. As the babyboomer demographic heads into retirement and their children start their own families, we have seen a major change in market demand for larger family sized condominiums. In fact, there are now specific requirements from all municipalities to contribute a certain amount of inventory to family sized homes.
This is typically represented by 3 bedroom condos and townhomes which can range in size from 900 – 1,500+ square feet. In addition to the obvious price difference between a single family home and a condominium, we wanted to highlight five benefits you actually get from choosing a family condo:
LOW MAINTENANCE LIVING
No more being solely responsible for lawn mowers, clogged gutters, broken hot water tanks, and having to roll out your garbage cans into the lane on cold winter mornings.
ROCK STAR AMENITIES
Whether it’s a party room, swimming pool, steam room, state-of-the-art gym, concierge, outdoor lounge or bowling lane, chances are – a single family house won’t have one within 1 minute from your front door – so you really can live like a rock star.
FRESH NEW EVERYTHING
We love fixer-upper success stories but the reality is that not everyone has the time, skill or desire to engage with contractors and trades, living amongst construction chaos. A brand new condominium home feels wonderful to move into! A clean, fresh canvas to personalize your way. Plus, all the kitchen and bathroom fixtures, freshly painted walls and sparkly kitchen appliances are brand new and covered under a limited time warranty. It’s peace of mind and well worth it.
SMALL SPACES KEEP US CONNECTED
Experts say that when same sex siblings share a room growing up that they remain closer and more connected into adulthood. Smaller spaces, i.e. only one place where there is a TV and one place to sit down and eat – pull couples and families closer to together. In this day of portable technology, it is even more important to provide environments that are conducive to in-person conversations and shared activities.
SAFETY IN NUMBERS
Multi-family communities with owners who care about their homes will also care about the entire building. Having close neighbours and a strata council to keep an eye on issues ranging from abnormalities to intruders to maintenance and warranty issues is a huge advantage. Additionally, they provide a great environment to build relationships with your neighbours. The fact that you have chosen the same place to live creates common ground and is a great start to friendships.
