East City Condos in Peterborough is attracting a younger generation to a former hospital campus that is being redeveloped through a variety of adaptive reuse and new build projects.
Will rising costs and COVID cause a mass migration of younger people to the suburbs? Earlier this year, the Ontario Real Estate Association put out a study showing that while 31 per cent of millenials wanted to live downtown, 34 per cent preferred the suburbs. The National Post’s Matthew Hague interviewed Jonathan King and our client Amit Sofer from TVM Group about East City Condo in Peterborough. They reveal that the vast majority of buyers were not the empty-nesters they were expecting.
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