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Condos built in Toronto are mostly terrible for anyone that’s not single. They’re basically Airbnb speculation boxes in the sky. The city suffers badly from “th
by dsomers 6y ago
Condos built in Toronto are mostly terrible for anyone that’s not single. They’re basically Airbnb speculation boxes in the sky. The city suffers badly from “the missing middle“ problem because of bad zoning. It’s a big part of why I moved away after living there 8 years.
- deleted 6y ago[deleted]
- astrange 6y agoSpeculation up in the sky isn't really a problem since a) it's a tax base b) it's not hurting you since it doesn't take up land c) a condo is strictly cheaper than a house on the same land. If housing is expensive it's because there aren't enough houses or the land is too expensive, and it's true that much of this is due to zoning and similar restrictions like parking minimums.
- dsomers 6y agoIt is hurting families because mostly only small 1 bedroom apartments get built which are more attractive to Airbnb investors. However zoning is probably the biggest problem, yes. Far too much of the city is zoned for single family housing.