What is the current status of the co-living model in Canada?

The current status of the co-living model in Canada can be described as "not yet professionalized" primarily because the model is still in its early stages of development and acceptance within the broader real estate landscape. While co-living has gained attention in urban areas due to rising housing costs and the desire for more affordable living arrangements, it has not yet become fully integrated or standardized within the industry. This means that there are still many variations of the model, and it lacks the uniformity and professional standards seen in more established forms of housing such as traditional rentals or condos.

The co-living model typically attracts younger demographics and individuals seeking community-driven living environments, but developers and operators are still learning how to best manage and market these spaces effectively. There is ongoing exploration of service offerings, pricing strategies, and involvement in local housing policies, indicating that the co-living space is still evolving rather than having reached a mature state of professionalism.

In contrast, the notions of expansion or decline do not accurately reflect the complexities of the Canadian market. While co-living may indeed be gaining popularity in some urban centers, that does not equate to it being fully professionalized. The model is also not experiencing a widespread decline; rather, it remains a key area of