How micro condos are facing their first real test in Canada this year
TORONTO — The appeal of so-called shoebox condos — no larger than the size of two average living rooms — will face its first real test in Canada this year, with an influx of the compact homes set to hit the country’s largest real estate market.
Investors are betting on big returns from young renters who can’t afford to buy in the red-hot real estate market and don’t mind living in a unit, about 500 square feet, where their dining table might have to fold down into a bed.
A rendering of the a micro suite inside Reliance Properties' Janion Hotel project, which is situated on the Victoria waterfront and contains units around 250 to 300 square feet.
Brokerage Independently Owned And Operated
467 Speers Road, Oakville, Ontario L6K 3S4