Habyt Dining Area. Source: Habyt

Why is co-living thriving everywhere but Canada?

Co-living spaces are thriving around the world. Why not in Canada?

It may be a relatively new concept in Canada but purpose-built, thoughtfully designed co-living spaces have long since taken off in Europe, Asia and the United States, with a projected market size of over $60 billion by 2030.

Here are a few of our favourite examples of co-living around the world.

“Global reach, local living.”

Founded in Berlin in 2017, Habyt is on a mission to “provide access to housing anywhere, for everyone.” Born out of a desire to make renting affordable, sustainable and easy, the Habyt team set out to create a solution that solved common rental pain points, including high prices, bad roommates and complex paperwork.

Habyt grew quickly, first expanding its own operations before acquiring and merging with existing co-living companies in Germany, Spain, the Netherlands, Switzerland, Italy and North America.

Today, Habyt is the world’s largest flexible housing company with 30,000 units and co-living solutions in 38 locations, from Barcelona and Birmingham to Turin and Tokyo.  

So what makes Habyt so successful?

Source: Habyt

The team at Habyt describes co-living as a “hassle-free experience” that removes all of the worst aspects of renting — and comes with some major benefits.

At a presentation at the 2022 MIPIM Conference in Paris, Habyt founder and CEO Luca Bovone shared that ease, convenience and a lack of barriers (read: convoluted rental processes, unconscious/conscious bias from landlords), combined with superior end-to-end customer experience, was what really mattered to their residents.

Proof that co-living works

Habyt’s success — pre- and post-pandemic and in major global hubs — speaks to the desire for alternative housing solutions. Co-living removes barriers to affordable housing and gives residents access to locations, lifestyles, services and amenities that they otherwise wouldn’t be able to afford.

“Our members call us home.”

Founded just a year before Habyt, Cohabs is another international co-living solution promising a hassle-free, and digital-first, co-living experience. Cohabs has apartments in six of the world’s most enticing cities, including New York, London and Paris. 

Cohabs offers something for everyone — there are up to four different room types available in apartments with anywhere from three to 24 rooms. Amongst the benefits for residents:

  • A fully-furnished home with basic WiFi and Netflix and all utilities
  • Common supplies delivered monthly (toilet paper, coffee, salt and paper, hand soap, etc.)
  • Weekly cleaning in common areas
  • On-call maintenance
  • A monthly breakfast to enjoy with roommates
  • Monthly community events
  • A central app to manage the Cohabs experience

Already hosting 19 locations around the world, the company has ambitious goals: open 5,000 bedrooms in 11 cities by 2026.

“Nothing short of a true friendship.”

Like Habyt and Cohabs, Node provides fully furnished, all-inclusive coliving rooms in Madrid, Barcelona, London, Dublin, New York, and Los Angeles. The London-based company bases their strategy on three core values — ease, trust and care. 

With a strong focus on thoughtful design and community, Node is all about “next generation living.” The approach seems to work for residents.

Khatija, a New York Node resident, writes: 
Co-living is a no-brainer as a young entrepreneur in a new city. I’ve met amazing people and made great friends at Node, and I couldn’t have asked for an easier transition to a new place.”