Over the last several decades, Canadian cities have grown both outward and upward, reflecting housing trends and preferences which ebb and flow over time. While some Canadians are going further afield in a quest for affordable housing, many others are seeking multi-family dwelling units such as apartments and condominiums in the larger cities.
The emergence of apartments and apartment-condominiums in Canada’s largest urban centres not only reflects a change in lifestyle choice for much of the population, but also underscores important demographic, economic, and societal shifts related to increased rates of immigration, declining household size, changing household characteristics, ageing populations, rising prices for single-family homes, land shortages, and restrictive development policies.
The above is an excerpt taken from an article featured on Storeys written by Michael LeBlanc, CEO of FCT.
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