Wednesday, December 4, 2013

Changing Average size of new GTA homes





In an effort to give homebuyers affordable options within a rising-cost environment, GTA condominium developers have been building smaller units. The average size of a new highrise home at the end of October, 2013 was 818 square feet.

Single-family homes have plenty of space for bedrooms, kitchens, bathrooms, living rooms, dining rooms and laundry facilities. Today’s lowrise home has an average of 876 square feet per person to accommodate those basic functions.

By comparison, those living in highrise units have on average only 287 square feet per person in which to house those same functions. This means more efficiency in the use of space will be required — or perhaps some activities will simply have to occur outside the home, elsewhere in the community.

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