As the world changes the trends in the world also change. The way people live, and their lifestyle choices change over time and one of the biggest mega trends of this century seem to be the movement of the demographics of the developed world from rural setting or even small town or suburban settings to extreme urban settings like large cities. People seem to think that in the new world all the money making opportunities in the world are now only available in the larger cities of the world. With this idea people are going to start clamoring to main metropolises all over the world.
In fact, there is an estimate that all over the world the rural urban divide will move to 40 percent and 60 percent, with regards to population spread, respectively. With this however, comes the issue of how all of these people are going to find housing and shelter. It is not always easy buying a house in a big city, especially when the prices will soar with increased demand. Renting is also problematic as it is very unstable and many people do not want to pay a monthly rent without building equity.
This is why condos and condominiums will be on the rise and in demand once this happens. People are going to prefer living in large condominiums and because of this the idea of starting up large scale and comfortable, even luxurious, condominiums is being floated everywhere. Good quality living condominiums are already up and available, like the Era At Yonge Condo project. People will find that the comparatively more affordable condos will be a good choice for the people to live in. this might also explain the rise of condos being sold in Canada as the country sees more migration to the city.