It really depends on how you choose to define ‘wealthy’.
Developers love to make 1BR 500 sqft condos as they are the most profitable. They make very few 3 bedroom / penthouse type condos which makes it very hard to raise a family in the cities where they favour these 1BR condos. Those 1BR condos still sell for 500k though, so like I said, it depends on how you define wealthy.
It really depends on how you choose to define ‘wealthy’.
Developers love to make 1BR 500 sqft condos as they are the most profitable. They make very few 3 bedroom / penthouse type condos which makes it very hard to raise a family in the cities where they favour these 1BR condos. Those 1BR condos still sell for 500k though, so like I said, it depends on how you define wealthy.