Most of us are only familiar with two living options, either living in an apartment which you can live in alone or co-share with roommates, or having a house in the suburbs with the white picket fence. Both of these living situations are supposed to represent different lifestyles to people. We usually end up perceiving living in apartments as something young adults choose to do while they are struggling to earn, and, we consider a house in the suburbs to be something that can only be afforded by adults who have finally settled down and have a stable enough income to have a permanent place of their own.
However, this is not exactly the case. A lot of people voluntarily choose to stay in apartments in the city even when they can afford a house. Plus, even if they want to opt for permanent property ownership, they buy condos instead. This is more of a generational shift in trends because a lot of young people no longer understand the point of staying in the suburbs when they can live a more convenient and comfortable lifestyle in the city.
This is why Toronto new condos are growing more and more popular, because a lot of adults today consider them to be the best option in terms of convenience, and they are right because condos to check off a lot of important boxes. Firstly, they are permanent property ownership, so you will have a place to your name, secondly, they are located in the city, so everything is a lot closer to you, saving you a lot of travelling time. Thirdly, because you do not have to travel as much, you end up saving a lot of money on fuel. So, really, it is not really surprising that more and more people are now moving towards condos.