Canada is getting its first big taste of co-living rentals — the housing trend that’s spreading amid the global affordability crunch.
Dream Unlimited Corp. is developing a 24-story tower in Ottawa that will have communal apartments alongside regular rentals. Common Living Inc., which bills itself as the largest co-living operator in the U.S., will manage the building and offer perks such as rooftop yoga and comedy shows.
The apartments — likely two or three bedrooms — will be fully furnished, come with cleaning services and share common areas such as kitchens. Monthly rents will start at about $1,225 ($927), about 30 per cent less than similar one-bedrooms in the area. Regular units in Dream’s building will start at about $2,065 per month.
Continue to read on: Financial Post