New data from the Municipal Property Assessment Corporation (MPAC) reveals a trend towards smaller condos and larger single-detached houses in Ontario, driven by changing consumer preferences and affordability challenges. Since the 1970s, single-family homes have increased in size, while condos have shrunk by 32%. Townhouses and semi-detached homes have seen moderate size increases. The GTA shows significant regional variations, with King Township leading in single-family home size. Market demand and local policies are influencing these housing trends.
Continue to full article
Leave a Reply