Are Tiny Homes Fad or Future?

Some might assume tiny homes are simply a fad, but, with the average cost of a single-family home in Victoria Core coming in at $859,600, according to the Multiple Listing Service® Home Price Index benchmark value, tiny homes may be a sustainable solution for several demographics, including developers, first-time home buyers and, subsequently, renters.

But not everyone is sold on the idea of a tiny home. The size, lack of information around appropriate city bylaws regarding this housing model and obtaining mortgage financing on tiny homes are some of the reasons why they haven't taken off.

Despite this, its economical, low-carbon footprint qualities, the low energy and maintenance costs, and its price make this model attractive to many. 

Reference: https://www.cbc.ca/news/canada/newfoundland-labrador/tiny-homes-more-than-a-trend-prajwala-dixit-1.5061237
https://www.vreb.org/current-statistics