General Urban Kitchener Updates and Rumours

[dtkmelissa]

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.

I was reading about Los Angeles' rental registry, where every rental must be registered with the city (including long and short-term rentals). When tenants move out, that is recorded, along with rent that was paid, and how much the new tenant is paying. I don't know much more than that, but it seems like a valuable tool in better understanding what's happening in your city with housing.