It’s pretty typical for condo developers to be uncertain about what will sell. As a result, they offer a variety of unit sizes and configurations. If the smallest, or largest, units don’t sell well, they will redivide the space into the unit sizes that are popular. So yes, many builders do offer large family size units of two and three bedrooms … it just that they don’t sell.
Builders sometimes stratify the building by putting more smaller units on the lower floors and larger more expensive units on the upper floors. Certainly it is common for the “penthouse” units to be larger and more expensive. In this sense, the building becomes a more mixed income community than if all the units were identical from floor to floor.
It is more difficult to redivide the space if every second unit is sold, so builders release some floors for sale and hold back others. This allows them to announce new release of (modified) floor plans mid way through the marketing process, even when they had said the place was 80% “sold out” months ago.
Some builders do this subtly, by not posting any diagrams of the whole floor layout. You choose your model, the sales agent tells you it is available on floors x, y, and z; you don’t know that maybe next week it will also be available on floors a, b, and c. And if you thought the building had mostly large suites and you liked that, well, it might be a very different mix of suites by the end of the process.
I’ve been to sales offices that show floor plans on the wall, but you have to be sharp to notice that some whole floors are missing. I was surprised to see Ashcroft being so obvious at its sales centre for the Our Lady of the Condos site on Richmond Road:
You might notice that the units sold tend to be the studio and one bedroom+den units; the two bedroom and two bedroom+den units in the corners are slower selling. I fully expect the plan offering to be updated shortly with new layouts, emphasizing smaller units. Also notice the units on the right side, marked with blue dots, facing the school playground, are not released … will they be released later, combined into larger units, or what? The ones on the left will face another building over the “arch”.
The two buildings across the street, 101 and 111 Richmond Road are almost fully sold, with a majority of units being one bedroom. Starters, Investors, or Empty Nesters I guess. In about five years, those owners who love the place but don’t want to sell will start bashing units together. Usually this is an adjacent unit; sometimes it is one up or down making a two storey unit.