Wednesday, December 10, 2025
ADVT 
National

Soaring House Prices, Shifting Lifestyles Driving Condo Craze, Experts Say

The Canadian Press, 03 May, 2017 12:17 PM
    TORONTO — Janis Isaman makes no apologies for raising her six-year-old son in a two-bedroom condominium — and for eschewing the once-coveted trappings of a life in the suburbs.
     
    "I definitely do not want a yard and I do not want anything to do with the suburban lifestyle," says Isaman, 40, a business owner and single mother in Calgary.
     
    The variety of urban life suits Isaman and her son, she says. They can walk to their favourite tea shops, restaurants and the local library. And the time that would otherwise be taken up cutting grass and raking leaves can instead be spent exploring the city together.
     
    "We have a way more abundant lifestyle because I'm not shovelling the walk, I'm not taking care of the yard."
     
    Isaman is part of a growing contingent of Canadian families opting for the compact condo lifestyle over the white picket fence and the sprawling suburban McMansion as space runs out in Canada's biggest cities and housing prices remain out of reach for many.
     
    Wednesday's latest tranche of census numbers doesn't delve into the specific phenomenon of condo ownership or house prices; that's for a later release scheduled for October. But it does illustrate a waning appetite for single-family dwellings among the millions of Canadians living in the country's largest cities, many of whom are favouring the high-rise life.
     
    Toronto and its ever-morphing Tetris skyline has the highest share of dwellings — nearly 30 per cent — in buildings of five or more storeys, Statistics Canada reports, followed by London, Ont., at 16.8 per cent, and Vancouver, at 16.7 per cent.
     
    In 10 of Canada's 35 so-called "census metropolitan areas," "single-detached houses represented less than half of occupied private dwellings in 2016," the agency reported, including in Vancouver.
     
    Indeed, in B.C., the share of single-detached houses fell from more than 60 per cent in the 1980s to just 44.1 per cent in 2016.
     
    But it will take a shift in mindset for Canadians to embrace high density living, says Isaman. When her son was younger, she encountered a lot of pushback for raising a child in an apartment.
     
     
    "It's seen as a really big societal norm in Canada that you move to a house when you have a child," she says. "I had to resist societal pressures that what I was doing was wrong. It seems weird to people because they think that kids need yards."
     
    There are a number of factors driving the condo craze, says Shaun Hildebrand of Urbanation, a Toronto-based condo research firm.
     
    Part of it is rooted in necessity. Soaring prices for detached homes and tightened mortgage rules have caused much of the pent-up housing demand in the Greater Toronto Area to shift into the condo market.
     
    "The result is that a greater proportion of households are now living in apartments compared to 10 years ago," Hildebrand says.
     
    And while much of the past demand for condos was from first-time buyers looking to dip their toes into the market, today that is not necessarily the case.
     
    "Anecdotally, we're learning that more families are deciding to live in condos, due to affordability constraints and lifestyle decisions."
     
    That has caused a shift in the kinds of units that developers are building, reversing a decades-long trend of increasingly tiny units.
     
    Babak Eslahjou, a partner at Core Architects, says that over the past 20 or so years, the square footage of condos has been shrinking, with developers squeezing more bedrooms into less space. The living and dining areas have been combined into one, producing a generation of condo-dwellers who eat and live on the couch.
     
    But now, that trend is beginning to shift.
     
    "We're being asked to design units that are 1,000 or 1,200 square feet," says Eslahjou. "We really haven't been asked that in a long time."
     
    It isn't just young families making the shift to compact living, either: retirees are also downsizing, citing travel plans and the desire for less housework as motivating factors.
     
    It's been nearly a decade since Roz and Bob Holden traded their 3,500 square-foot house — complete with four bedrooms, a library and a tree-filled yard — for a two-bedroom condo, and the Toronto residents say they have no regrets.
     
     
    "This is a much smaller space but it's all we need," says Bob. "We're very comfortable here. We don't feel squeezed in any way."
     
    Maintaining a large house simply didn't make sense for the retired couple, now in their 70s, who spend much of their time travelling.
     
    Living in a condo provides other perks too, such as a community of friends and an endless array of dining and entertainment options right outside their front door.
     
    "We're right on the subway line," says Bob. "There are all sorts of restaurants and bars that we can walk to. For us it's just the perfect lifestyle."

    MORE National ARTICLES

    Vancouver Field 'Trashed' During Annual 4-20 Pot Protest, Says City Official

    Vancouver Park Board officials estimate damage from Thursday's unsanctioned marijuana protest could take several weeks and thousands of dollars to repair.

    Vancouver Field 'Trashed' During Annual 4-20 Pot Protest, Says City Official

    B.C. Party Leaders Want Legal Cannabis Age Set Above 18 Years Old

    B.C. Party Leaders Want Legal Cannabis Age Set Above 18 Years Old
    VANCOUVER — The leaders of British Columbia's two main political parties agree that 18 is too young for people to be allowed to purchase marijuana under plans by the federal government to legalize the drug.

    B.C. Party Leaders Want Legal Cannabis Age Set Above 18 Years Old

    Investigation Says Toxin Killed The Vancouver Aquarium's Beluga Whales

    Investigation Says Toxin Killed The Vancouver Aquarium's Beluga Whales
    VANCOUVER — A toxin was the cause of death for two beluga whales at the Vancouver Aquarium last November, but the exact substance couldn't be identified.

    Investigation Says Toxin Killed The Vancouver Aquarium's Beluga Whales

    Indo-Canadian Alliance Deplores Ontario's Motion Declaring 1984 Anti-Sikh Riots 'Genocide'

    Indo-Canadian Alliance Deplores Ontario's Motion Declaring 1984 Anti-Sikh Riots 'Genocide'
    The National Alliance of Indo-Canadians (NAIC) alliance alleged that political attempts are being made ‘to create divisions within the community for electoral gains’

    Indo-Canadian Alliance Deplores Ontario's Motion Declaring 1984 Anti-Sikh Riots 'Genocide'

    Surrey Vaisakhi Parade 2017: Crowd Of Half A Million Expected, Simple Tips You Need To Follow

    Surrey Vaisakhi Parade 2017: Crowd Of Half A Million Expected, Simple Tips You Need To Follow
    On Saturday, Surrey RCMP will once again participate in the Surrey Vaisakhi Day Parade, one of the largest Vaisakhi celebrations in the world outside of India. Last year, over 500,000 people participated in this fun and safe family event.

    Surrey Vaisakhi Parade 2017: Crowd Of Half A Million Expected, Simple Tips You Need To Follow

    B.C. Party Leaders Square Off In First Debate Of Election Campaign

    VANCOUVER — The leaders of British Columbia's three main political parties sat around the same table for the first time in the provincial election today, zeroing in on jobs, the economy, government spending and housing in a live radio debate.

    B.C. Party Leaders Square Off In First Debate Of Election Campaign