The National Post starts a three-part series on great big houses with a spot of good news:
There is some evidence that housing development is beginning to comply with this push away from living large. For the first time in generations, house sizes have stabilized. Evidence is still anecdotal; there is no Canadian organization that measures house sizes. But real estate analysts think the situation here almost mirrors the experience south of the border, where Mc- Mansions were invented.According to census reports in the United States, house sizes stopped growing almost five years ago. “The average new house size is now 2,459 square feet,” says Gopal Ahluwalia, a statistician with the Washington, D.C.-based National Association of Home Builders. “What’s happened is that people have seen building and maintenance costs rise to unprecedented levels. The new home of the future, we think, will fall somewhere between 2,300 to 2,500 square feet.”
Mr. Ahluwalia adds that Mc- Mansions cost a great deal to heat, power, and furnish. “Property taxes are increasing, everywhere,” he says.
Economics doing what taste apparently couldn’t.