Rising housing costs have reshaped the way people rent, and shared living is on the rise! Roommate households are one of the fastest growing household types in Canada, driven primarily by affordability factors – but there is so much more to be found in living with a friend! Co-living isn’t just a rent workaround. It’s becoming a smarter, more convenient and more connected way to live. Outlined below are 4 key benefits to living with a roommate.

Two young women sitting together at a kitchen table, reviewing documents and bills over coffee.

Benefit #1 – Cost savings, not compromising

The first and most obvious benefit of a shared living arrangement is the cost saving. Splitting rent, utilities and other everyday expenses can significantly reduce monthly costs and financial stress factors. Having a combined budget allows for renters to have more flexibility in their suite choices. Splitting the rent of a larger, better-appointed suite means enjoying benefits like in-suite laundry, and larger private outdoor spaces. These opportunities are proven lifestyle upgrades, and an excellent perk of sharing space and saving money with a friend.

Two roommates smiling and doing dishes together in a bright, modern kitchen.

Benefit #2 – More space, more options

Having a roommate opens doors to bigger and better suite options! Typically, a combined income allows you to look at apartments with larger square footage and better layouts. These layouts include options with larger living and dining spaces for shared activities and meals, and larger kitchen designs that can include added appliances like dishwashers. At 3030 Pharmacy Ave., there are many 2-bedroom and 2-bedroom plus den layouts to pick from to suit you and your bestie’s needs. Plus, with the fantastic co-working spaces, lounges, and shared amenities of this community, your living space extends beyond just your apartment!

Friends laughing and sharing a meal together at a candlelit dining table in a cozy apartment living room.

Benefit #3 – Live-in connection and support

A well-appreciated perk of cohabitating is the power of choosing who you live with. Compatibility, shared values and lifestyles all factor into choosing a roommate. Having a built-in support structure within your home can reduce social isolation, strengthen everyday connections and is a major boost for strong mental health. The on-site fitness spaces at 3030 Pharmacy Ave. can also help boost a healthy mental well-being, and can be an excellent shared activity, creating a more social and balanced way of life.

Two male roommates working side by side in a small kitchen, preparing food and washing dishes together.

Benefit #4 – Sharing the load

One of the most daunting parts about moving into your first apartment is learning to manage a household. By living with someone, that responsibility is shared. Having someone who’s working with you to manage the day-to-day tasks is a huge benefit. Simple things like shared chores, or even grocery shopping can feel easier when the responsibility is not on your shoulders alone. With its excellent location near shopping, and everyday essentials, 3030 Pharmacy Ave. offers convenience to benefit you both and make your daily routine easier.

Exterior view of 3030 Pharmacy Avenue, a modern multi-tower rental apartment building in Toronto.

Roommate living isn’t just about affordability – it’s about unlocking a better way of life. From better layouts to shared loads, greater conveniences and connections, the benefits of cohabitating are clear. Isn’t it time for an upgrade? The premium suites at 3030 Pharmacy Ave. offer roommates better layouts, amenities and conveniences without the premium costs of other rental buildings.

Looking for a home for you and a friend? Start here.