Toronto 16 York | 154.83m | 32s | Cadillac Fairview | a—A

[LUVIT!]

Are Airbnb not 'outlawed' in most condo buildings?

 

[Dustin William]

I think this area would be great place to live for many reasons. Perhaps not for kids and 'trick or treating' but for location and proximity to all that downtown has to offer this is fantastic. Anyone here who lives in Southcore?

I live in ÏCE2. Truly a great neighborhood to live. Close to everything, and transit to get u anywhere in the city or region. It does have a more modern feel to this hood. If you work downtown, living in this neighborhood is amazing!

 

[Dustin William]

Are Airbnb not 'outlawed' in most condo buildings?

All depends on what the condo corporation sets out. Short-term rentals and Airbnb are allowed at Ice....which is without question the biggest downfall of these towers.

 

[DSC]

Are Airbnb not 'outlawed' in most condo buildings?

Most condo corporations have Rules or even statements in their Declarations restricting rentals to x months. Usually 6 but sometimes 3 or 12.

 

[tstormers]

A couple of photos while on my way to work this morning. Interesting view off a building (One York I believe) to the south while under the Gardiner.

 

[ADRM]

I can't recall if it had been noted on the forum previously, but HSBC, First National Financial, and IMCO will all be among the first tenants here.

The downtown office vacancy rate is now down to 3% overall; interestingly, in the downtown it is highest (though still tight) in the financial core and Liberty Village.

 

[Dustin William]

They are now installing the structural glass lobby wall on the York Street side - will get a pic soon.

 

[Logan]

CN Tower, Toronto by jenn chan, on Flickr

 

[OakvilleGreg1]

Remember back when the Maple Leaf Square condo towers looked big? And lonely?

CN Tower, Toronto by jenn chan, on Flickr

 

[sikandar]

From a couple of days ago, forgot to post:

 

[travis3000]

She's half way there, another 16 floors to go!

 

[Blovertis]

Remember back when the Maple Leaf Square condo towers looked big? And lonely?

I remember when there was nothing there. From 1995:

 

[concrete_and_light]

Incredible image. Mind boggling difference.

Funny how that parking garage is still there. Surely it's only a matter of time until it's redeveloped, and being one of the last significant development sites in south core I hope we see something nice there.

 

[Dustin William]

the parking garage has stood the test of time! only a matter of time before that gets redeveloped too.

 

[taal]

I can't recall if it had been noted on the forum previously, but HSBC, First National Financial, and IMCO will all be among the first tenants here.

The downtown office vacancy rate is now down to 3% overall; interestingly, in the downtown it is highest (though still tight) in the financial core and Liberty Village.

Yep that's been the norm for the last 5 years or so; As businesses are moving to the newer buildings in the south core - west/east of the core as well - leaving large blocks left in the traditional financial district.

The key is though, when this boom started years ago, the prediction was those vacancies would be hard to fill and cause the overall vacancy rate to increase eventually stopping any new construction. That never happened, the space in the financial core has been (slowly) filled with other tenants.