Real Estate News

METRO asked those in the know - What’s your take on micro condos?

 Image-31-micro condo

The banks are not lending on these units, so right now we can’t really tell if they are going to take off or not. Micros offer living space in the very good locations ... I’ve seen the average size of a condo come down significantly in the last 20 years, and I think this will become a trend that lasts. Once the banks gain confidence in micro condos, first-time buyers will see them as viable options. Don’t forget, the banks were skeptical about lending on condos when they first made an appearance 50 years ago, and look at them now!

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