But, this isn't so new. There are lots of condo suites in Toronto under 300 square feet, from @DNA 3 to @INDX Condos.

That's true, but I think these condos are designed to be compact rather that just being really a small space- the article states that the suites will have movable portions built in, such as retractable desks and countertops and the video on the Smart House website shows desks that turn into beds etc. Very interesting!

@BlueElephantGroup ....agreed! That is actually really awesome. Is it just the furniture that @Smart House is doing to be "micro", or are they actually building part of the units so they are more efficient?

Really cool!

There isn't a ton of information yet, but the site makes it seem like these features will be built in to the units themselves. Can't wait to see the renderings/floorplans!

@Aaron Mohammed Very cool! This one is pretty amazing as well.

http://www.treehugger.com/sustainable-product-design/moving-walls-transform-apartment-four-minutes-of-wow-video.html

Basically the apartment version of a transformer.

We don't say "small" we say "european" :)

Throughout junior high I spent way too many hours creating very intricate mazes in my notebooks... would be 'amazing' to be involved with the design of such a 'european' condo sometime

Banks are reluctant to finance mini condos so if you are selling them make sure you don't have a clawback clause in the agreement bc if the client cannot close you may have to pay the money back and/or face a lawsuit. 

If you are thinking of buying these make sure you can finance.

Smart House is indeed smartly designed.
All of the units makes best use of every square feet and you could properly arrange furniture such as a queen sized bed or a dining table/island. These units are very efficient and very livable, unlike some of the some the tiny units in other condo developments.
Take for example the units in the 400-sq.ft. range at Massey Tower where there is no space dine -- you must eat on a sofa in the living room which the kitchen is jammed in with, or a double bed must be awkwardly stuffed into a corner of the room with access from only one side and barely any room for a side table. They feel like dorm living than condo living.
The 300 sq.ft. units at Smart House are much more livable and seem more spacious than the 400 sq.ft. units at Massey Tower. Pricewise they are almost the same per sq.ft., but there is much more attention to detail and thoughtfulness at Smart House which makes it a far better value.

To further make the most use of the units, there is an optional furniture package which includes innovative European transformable or efficient-sized furniture which makes it appealing to investors who plan to rent them out.

Smart House is definitely a cool niche product which I think will be successful and they distance themselves from tiny investor units at other high rise developments, and there is a bank working with the development and offering favorable financing to purchasers.

@Waterview Condominiums features a "studio" along with one , tow bedrooms and penthouse. They are at amazing rates. Register today itself and get an option to customize your studio.

@Zackery Cote, what is the smallest studio in Waterview? Would it be considered a "micro unit"? Can you post a floorplan?

That is really cool ,nice structure and stylish designing.The best part is utilizing every inch with maximum utilization.

Hi @Matthew Slutsky,
You follow their website. They will soon be updating the floor plan.You may also register with them so that you will get an opportunity to customize your condo as per your requirements.
http://waterviewcondominiums.ca