Largest condos in province built in Burlington, Oakville

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Published October 20, 2022 at 12:58 pm

The Municipal Property Assessment Corporation says that condominiums today are 35 per cent smaller on average than they were were 25 years ago. INHALTON PHOTO

When it comes to condos, size does matter in Burlington and Oakville.

While condos in Ontario are getting smaller according to the Municipal Property Assessment Corporation (MPAC), the biggest living spaces can be found in Burlington, Oakville, and Barrie.

At 1,000 sq. ft., the three municipalities boast some of the largest average condominium sizes.

MPAC, which tracks property data across the province, has found that condominiums today are 35 per cent smaller on average than they were 25 years ago.

Today the average condo is about 700 sq. ft., that’s a fair bit less than the average size back in the mid-1990s when they were around 1,100 sq. ft.

MPAC also found that detached homes in the province are getting larger, with the size increasing on average by a whopping 25 per cent.

“As land values increase, we see more units on a single property, which means many of those individual units are smaller,” says Greg Martino, MPAC Vice-President and Chief Valuation and Standards Officer.

“Because condos are traditionally a major entry point for first-time home buyers and investors, the market for the smaller units has remained quite strong.”

The average size of high-rise/mid-rise condominium built in 2017 in Oakville was 799 sq. ft., down 22 per cent from in the 1990s when the average size was 1,024 sq. ft.

In Burlington, the size of a high-rise/mid-rise condominium is down 19 per cent. Back in the 1990s the average size was 1,018 sq. ft., while the average size in 2017 was 821 sq. ft.

Toronto condos were the smallest on average in the province amongst the major urban centres. The average size of a condo there is 850 sq. feet.

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