As single-family homes have become less affordable for average families and people weigh the benefits of living downtown, the demand for larger family-sized condos has increased.
Historically you wouldn’t find many three-bedroom condos available, but this is what buyers in Vancouver want. One developer says they had not anticipated this demand and were forced to reconfigure the floor plans of a development so that some of the one-bedroom units ended up as larger units.
The number of families with children living downtown doubled in the 10 years from 2001 to 2011 according to The Downtown Vancouver Business Improvement Association and make up more than a third of the total residents. City planners are insisting that 25 per cent of private market units be suitable for families.
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