Are Condominium Units With 3 or More Bedrooms Scarce?

This report reviews retail costs of condominiums in Toronto and Vancouver. It attempts to determine if there is a cost increase due to the number of bedrooms in the unit. It also reviews how:

• a premium exists in Vancouver, but not in Toronto
• units may be undersupplied in Vancouver
• the effect is more pronounced on the lower end of the market

This report is part of the Socio Economic Analysis — Housing Needs and Conditions series.

Author:

CMHC

Document Type:

PDF

Date Published:

May 22, 2019