{"id":24712,"date":"2024-10-07T15:15:14","date_gmt":"2024-10-07T22:15:14","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=24712"},"modified":"2024-10-07T08:29:51","modified_gmt":"2024-10-07T15:29:51","slug":"the-rise-fall-of-condo-amenities-in-new-builds","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2024\/10\/the-rise-fall-of-condo-amenities-in-new-builds\/","title":{"rendered":"The Rise &#038; Fall of Condo Amenities in New Builds"},"content":{"rendered":"<p style=\"text-align: justify;\">Condo living in 2024 is about more than just space; it\u2019s about the carefully curated amenities that turn buildings into communities.<\/p>\n<p style=\"text-align: justify;\">Gone are the days of a gym, party room, and concierge being most-appreciated amenities \u2013 today, they\u2019re considered must-haves. And they\u2019re now joined by things we once may have never imagined in our condo-dwelling lives, like remote offices, wellness spas, pet washes, and cold plunges.<\/p>\n<p style=\"text-align: justify;\">The common denominator is modern-day convenience: amenities that remove the need for residents to leave the building for everyday routines and rhythms. But, as life evolves, so do the types of amenities today\u2019s (and tomorrow\u2019s) condo dwellers desire. While plentiful, not every one of today\u2019s condo amenities are created equal.<\/p>\n<p style=\"text-align: justify;\">So, for the second year in a row, we\u2019re asking : <strong>What do today\u2019s condo buyers and dwellers really want and need?<\/strong><\/p>\n<p style=\"text-align: justify;\">To analyze the rise and fall of amenities in new builds, Spark Real Estate Technologies \u2014 a Vancouver-based company that specializes in new development sales and marketing software \u2014 once again surveyed a panel of industry experts to learn what they\u2019re seeing in the market. This esteemed panel includes Barrett Sprowson (Vice President, Sales and Project Marketing at Peterson Real Estate);John Lusink (President, RealServus Holding Corp.; Right at Home Realty; Property.ca);Sunny Hahm (Principal at Tandem Real Estate Strategy); Zakiya Kassam (Associate Editor at STOREYS); Mike Rivait, (Director, Sales and Marketing at Gairloch Developments); and Richard Causton (VP of Sales at Spark).<\/p>\n<p style=\"text-align: justify;\">Condo living in 2024 is about more than just space; it\u2019s about the carefully curated amenities that turn buildings into communities.<\/p>\n<p style=\"text-align: justify;\">Gone are the days of a gym, party room, and concierge being most-appreciated amenities \u2013 today, they\u2019re considered must-haves. And they\u2019re now joined by things we once may have never imagined in our condo-dwelling lives, like remote offices, wellness spas, pet washes, and cold plunges.<\/p>\n<p style=\"text-align: justify;\">The common denominator is modern-day convenience: amenities that remove the need for residents to leave the building for everyday routines and rhythms. But, as life evolves, so do the types of amenities today\u2019s (and tomorrow\u2019s) condo dwellers desire. While plentiful, not every one of today\u2019s condo amenities are created equal.<\/p>\n<p style=\"text-align: justify;\">So, for the second year in a row, we\u2019re asking: What do today\u2019s condo buyers and dwellers really want and need?<\/p>\n<p style=\"text-align: justify;\">To analyze the rise and fall of amenities in new builds, Spark Real Estate Technologies \u2014 a Vancouver-based company that specializes in new development sales and marketing software \u2014 once again surveyed a panel of industry experts to learn what they\u2019re seeing in the market. This esteemed panel includes Barrett Sprowson (Vice President, Sales and Project Marketing at Peterson Real Estate);John Lusink (President, RealServus Holding Corp.; Right at Home Realty; Property.ca);Sunny Hahm (Principal at Tandem Real Estate Strategy); Zakiya Kassam (Associate Editor at STOREYS); Mike Rivait, (Director, Sales and Marketing at Gairloch Developments); and Richard Causton (VP of Sales at Spark).<\/p>\n<p style=\"text-align: justify;\">\u201cInvestors and homeowners alike are taking a more considered position to evaluate amenity offerings that are future-proofed, that can be maintained well, and will not have substantial risk or increased operational cost,\u201d Hahm says, setting the tone for what to anticipate in this year\u2019s amenity power ranking.<\/p>\n<p style=\"text-align: justify;\">\u201cThere&#8217;s nothing worse than paying strata fees for amenities you don&#8217;t use,\u201d says Spark\u2019s own Causton, expanding on the theme. \u201cThis makes it essential for developers to thoroughly understand the current perceived value of each individual amenity.&#8221;<\/p>\n<p style=\"text-align: justify;\">The panel ranked each below condo amenity in terms of homeowner desirability in 2024, and assessed whether that ranking is on the rise, unchanged, or falling. The results were then reviewed, consolidated, and curated into the rankings shown below. As you\u2019ll see, there were some surprises when it came to changes from 2023. There were also elements that came as no shock at all.<\/p>\n<p style=\"text-align: justify;\">The bottom line is, amenities must simplify the lives \u2014 and cater to the lifestyles \u2014 of today&#8217;s condo dweller. Notably, now more than ever, this includes families.<\/p>\n<p style=\"text-align: justify;\">&#8220;I think housing providers these days are taking time to consider what they can do to make their buildings a better option than a single-family house rather than just a second option, and that\u2019s where the premium, less run-of-the-mill amenities come in,\u201d says Kassam. \u201cThink cold plunge pools, spas and saunas, golf simulators, EV chargers, and amenities geared at accommodating furry friends.\u201d<\/p>\n<p style=\"text-align: justify;\">And, of course, different amenities appeal to different end-users.<\/p>\n<p style=\"text-align: justify;\">\u201cI think all [the amenities] mentioned above are important, but can be very subjective,&#8221; says Rivait; he suggests that increased options for families and child programming would enhance the rankings, and explains that his own selections stem from an end-user perspective, rather than a holding investor.<\/p>\n<p style=\"text-align: justify;\">\u201cIt\u2019s good to have amenities that appeal to work, active lifestyles, and investors and end users,\u201d he says. \u201cA diverse program is paramount.\u201d<\/p>\n<p><a href=\"https:\/\/storeys.com\/amenity-power-rankings-2024\/\" target=\"_blank\" rel=\"noopener\">Condo Amenities : 2024 Power Rankings<\/a> by Storeys Custom Studio<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Condo living in 2024 is about more than just space; it\u2019s about the carefully curated amenities that turn buildings into communities. Gone are the days of a gym, party room, &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2024\/10\/the-rise-fall-of-condo-amenities-in-new-builds\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,27,13],"tags":[],"class_list":["post-24712","post","type-post","status-publish","format-standard","hentry","category-home-lifestyle","category-pre-sale-projects","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Rise &amp; Fall of Condo Amenities in New Builds &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2024\/10\/the-rise-fall-of-condo-amenities-in-new-builds\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"The Rise &amp; Fall of Condo Amenities in New Builds &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Condo living in 2024 is about more than just space; it\u2019s about the carefully curated amenities that turn buildings into communities. 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