There was a time, not long ago, that a condo without parking would be a tricky sale.
There was a time, not long ago, that a condo without parking would be a tricky sale. However times are changing and not everyone who wants to buy a home has a car. Barbara Lawlor, president of Baker Real Estate told Metro News that only about a quarter of clients buying condos want parking spots and says it’s an “enormous shift in the buyer’s attitude.” An investor of rideshare service Uber recently told a conference that millennials in particular are not interested in owning cars, their priority is convenience, and that seems to be reflected in condo ownership. With many condo developments close to transit links or already in city cores the trend towards parking-free developments is perhaps inevitable. City planners are also keen for developers to cut down on parking spots to boost use of public transport and reduce congestion. Read the full story.
