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Canada gets first big taste of co living rentals trend with tower featuring fully furnished apartments and rooftop yoga

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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

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