04-03-2021, 10:38 PM
(04-03-2021, 10:22 PM)nms Wrote: Have we seen any numbers or speculation of how much of this downtown condo demand is for:
1. People who will actually live in their units
2. People intent on using Airbnb for their unit
3. People who are speculating on the property and hope to flip the units as soon as possible
4. Real estate consortia who buy a unit with multiple investors and then flip the unit later
We really don't need to become another Vancouver or Toronto.
There are a lot of rental buildings either opening up or under construction: The Scott, Civic 66, Drewlo, Market Flats, Arrow 2, Ophelia, Bright and Metz (Schneiders) -- I think this will take off a lot of pressure (or demand) from individual condo rentals.
And I do expect that there will be more regulation of short-term rentals, whether at the city/regional level or within individual condo corporations. Hopefully most condos will be owner-occupied, and there will be plenty of other options for people looking to rent.