this post was submitted on 21 Jun 2024
90 points (95.9% liked)

Canada

7187 readers
395 users here now

What's going on Canada?



Communities


🍁 Meta


πŸ—ΊοΈ Provinces / Territories


πŸ™οΈ Cities / Local Communities


πŸ’ SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


πŸ’» Universities


πŸ’΅ Finance / Shopping


πŸ—£οΈ Politics


🍁 Social and Culture


Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca


founded 3 years ago
MODERATORS
 

Just to make things easier for people.

The video talks about the glut of micro units having issues selling due to how undesirable they are for people actually living in them and not aligning with a more realistic price.

The numbers on why a lot of people can't hold onto these investments:

Shrinking units, the ones discussed in the video is around ~300sqft:

Substantially less of newer units are owner occupied:

you are viewing a single comment's thread
view the rest of the comments
[–] ThePrivacyPolicy@lemmy.ca 6 points 4 months ago (1 children)

I wonder how easy it is to reconfigure floor plans in condos? Surely there will come a time where we just have so many small and undesirable units that the building owners need to consider making livable size units again. I don't know a single person whose lived in one of these micro sized units and not talked about how horrible that living situation is for their mental health, yet in my city we just keep building thousands of these units every year now.

[–] SamuelRJankis@lemmy.world 3 points 4 months ago

If you're referring to combining units I don't think it'll really be practical. The 300sqft mark is on the lower end of what is technically okay for people with some heavy consideration into functional design and lifestyle. Essentially a single person who probably spends a lot of time outside.

This is a pretty good video(13:03) on the topic .