Developers are building more two-bedroom condos in response to the demand from families and young professionals.
With high-rise wooden developments expected to be approved by Ottawa there is predicted growth in this type of property, which offers more space at a lower cost, compared to a single-storey home.
However demand is already pushing prices higher. RealNet Canada reports that developers are reversing a trend for smaller condos, which meant that in 2011 in Toronto 61 per cent of those offered for sale were one-bedroom units; now it is 46 per cent.
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