Condos: The New Ideal

Growing up we have all heard our parents and even grandparents tell us to get a house once we are able to afford one. While we may have wanted the same thing while we were still younger but as well grow old we realize that a house in the suburbs might not be right for us. This thought isn’t weird or uncharacteristic, rather a lot of people, especially millennials are actively opting not to buy houses even when they can easily afford one. So, you are not alone with these thoughts or sentiments. You can attribute this to a shift in trends which will happen generationally.

Ever since the housing crisis, a lot of people are hesitant when it comes to buying houses, which is why the annual demand for houses has been decreasing over the years. So, if people are not buying houses, then where are they going? Well given the state of the economy and the increased cost of living, most people are opting to stay in apartments which they usually co-share as early adults. However, for people who want something more permanent, condos have become the new ideal. You have probably noticed that the number of condominium projects being launched annually has increased over the years, which is naturally to meet the rising demand of them.

Condominiums are permanent property ownership like a house, and they are closer to or located within the city like apartments, making them the perfect option for people who were confused between an apartment and a house. Condos also happen to be upscale and beautifully designed, meeting the needs of everyone. So, if you are currently on the lookout for a condominium, Mirvish Gehry recently launched a new condominium project, you can contact them to learn more about their floorplan by visiting their official website.