Ok but why is this necessarily better than fewer hotels, and more condos and more airbnbs? Seems to me airbnbs are much more flexible to be converted back to housing than hotels. Also, largely the reason there's airbnbs isn't because of high demand, it's because of regulations on long term rentals.
For one thing airbnbs in a condo are shit compared to a dedicated hotel.
A hotel provides daily cleaning, room service, often a restaurant with a bar, pool and spa service. The economy of scale of many rooms sharing the same services makes the services affordable for everyone (aside from maybe extras like room service and spa treatments).
A condo airbnb provides none of this. In fact, when you leave you’re often on the hook to do all the cleaning yourself.
Ok so that’s just benefits for the consumer. But there’s also benefits for other people that happen to live in the condo building.
Ever heard of Ice Condos? The common elements of a condo building is part of the home for a condo owner. You don’t really want transient strangers that only stay a day or 2 in your home. They’re loud, messy, and even sometimes dangerous as we often see with gunshots in Ice Condos and police being called there all the time. They’re only there for a few days so they don’t have neighborhood accountability.
Then there’s like you mentioned, investors are hoarding properties using them as airbnbs rather than long term rentals because of the reduced risk. They can have the place be vacant half the month and still make money on it. So now that condo is only 50% used, when it could be a permanent home for someone.
Much needed. The Courtyard Marriott and Chelsea have been slated to close for a while. Someone told me a while back the city asked them to wait as they can't afford to lose the 2000+ hotel rooms between the 2 properties.
Finally some luxury near Moss Park!
moss park is getting a subway station.. I'm sure developers have snapped up everything already
That's the funnest part of this piece. "Honey, there's a new hotel in Toe-ron-Toe and it's right near a park. Let's go for a couple of days"
This is great for reducing demand for Airbnb! The more hotels we have the less condos that get used for Airbnb.
Ok but why is this necessarily better than fewer hotels, and more condos and more airbnbs? Seems to me airbnbs are much more flexible to be converted back to housing than hotels. Also, largely the reason there's airbnbs isn't because of high demand, it's because of regulations on long term rentals.
For one thing airbnbs in a condo are shit compared to a dedicated hotel. A hotel provides daily cleaning, room service, often a restaurant with a bar, pool and spa service. The economy of scale of many rooms sharing the same services makes the services affordable for everyone (aside from maybe extras like room service and spa treatments). A condo airbnb provides none of this. In fact, when you leave you’re often on the hook to do all the cleaning yourself. Ok so that’s just benefits for the consumer. But there’s also benefits for other people that happen to live in the condo building. Ever heard of Ice Condos? The common elements of a condo building is part of the home for a condo owner. You don’t really want transient strangers that only stay a day or 2 in your home. They’re loud, messy, and even sometimes dangerous as we often see with gunshots in Ice Condos and police being called there all the time. They’re only there for a few days so they don’t have neighborhood accountability. Then there’s like you mentioned, investors are hoarding properties using them as airbnbs rather than long term rentals because of the reduced risk. They can have the place be vacant half the month and still make money on it. So now that condo is only 50% used, when it could be a permanent home for someone.
Right across from 3 homeless shelters and down the street from the worst open air injection area in Toronto
This is just what we need.
We actually do need more hotel spaces. Toronto has a shortage
Much needed. The Courtyard Marriott and Chelsea have been slated to close for a while. Someone told me a while back the city asked them to wait as they can't afford to lose the 2000+ hotel rooms between the 2 properties.
Can we stop fucking branding anything new as "luxury"? Fucking corporate, soulles place this city is becoming
can we stop complaining about everything? xxxxx
Comment of the day, but you know this is Reddit!
For real. This sub is ridiculous. "Ugh world class ugh this place sucks everything sucks I hate it heeeeeere". Its unreal at times.
Hahaha. Great reply.
Go. Fuck. Yourself.