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Big City housing for young professionals Looking for opportunities to invest or do you want to buy affordable urban housing? There seems to be a new trend in Big City housing for young professionals. Check out this article from Canadian Real Estate Wealth.

 

The big new thing is small

 

A Canadian developer says it has seen increased interest in its micro-condos as first-time buyers and young professionals seek affordable housing options.

 

Reliance Properties has been building more of the small units in British Columbia, following the well-established trend for compact living in in New York and London.

 

The company’s president Jon Stovell told Metro News that millennials in particular get the benefit of a smaller living space balanced against the proximity to downtown.

 

“The main amenity is the city itself,” he said. “It’s a 300-square-foot condominium with a three-million-square-foot living room.”

 

Meanwhile, the Carrington Group recently launched its Vibe condos in Edmonton; despite concern over how well they would sell, the small units have proved a hit.

 

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. We can also recommend some amazing Real Estate Professionals that are experts in their fields and areas. Call GLM Mortgage Group (604) 259-1203. Or visit our website at www.glmmortgage.com. We’d be pleased to help you with any of your financing needs.

2015-07-15T17:54:27-07:00
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