When will too little space start scaring condo buyers?
Take Lumiere for example. It’s one of the latest new shoebox-sized condominiums being sold in Toronto. With its biggest non-penthouse suite having just 895 square feet (and the smallest offering only 495 square feet), Lumiere seems like further evidence of how developers are hoping to cram more people into less space.
This makes us wonder; will their be a strong enough resale market for the flood of new units this small? Don’t be surprised if there comes a time when you can no longer fit a bed in your new condo’s master bedroom.
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