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What are the numbers? Toronto has ~6000 fulltime units. http://insideairbnb.com/toronto/ http://insideairbnb.com/toronto/ How many new 20 story condo buildin
by mahyarm 10y ago
What are the numbers? Toronto has ~6000 fulltime units. http://insideairbnb.com/toronto/ http://insideairbnb.com/toronto/
How many new 20 story condo buildings is that? 20?
In sf the numbers are about ~5000 units. But other data sources show there are about 30k vacant units and 10k are not for rent because potential landlords think the rental laws are too crazy and rather leave them empty. Not to mention all the potential missing units that SF doesnt build due to strong NIMBYism.
How strong is the NIMBY in toronto?
- sanswork 10y agoToronto has lots of units the problem isn't supply so much as people don't want to live in hotels. NIMBYism is fine when youre fighting against private individuals exploiting your home for profit. It's not like AirBNB is an issue of it has to exist just not here.
- NiMBYLord 10y agoNIMBYISM is incredibly strong in Toronto, but missing units are not caused by NIMBYISM and NIMBYISM has very limited ability to do influence property development in ontario because if the city does something to stop development, the developer can take the city to a development court. The problem in Canada is that we have this investor class of buyers, and developers depend on their early entry to capitalize their projects. These investors are individuals who usually seek to put their money, or rather their ability to borrow at very low rates, somewhere that has a higher ROI then stocks or bonds or traditional investments.