It's called cost of living. Property taxes, maintenance fees, and other bills can increase at any point well after residents had moved in. No cost is constant.
Downtown condo towers shouldn't need to be designed to accommodate suburban visitors. Traffic is bad enough without encouraging suburban residents to drive into the city centre. There are two TTC subway lines right under the building, and plenty of commuter lots serving the less central stations with free parking. This is also one of the most expensive condo towers in the country, and if anyone can afford to pay a few bucks to park their cars, it's residents at 1BE.
Because of wealthy residents that refuse to take transit or suburban visitors that feel the need to drive everywhere. They can pay if they want to further clog up the already packed intersection.
I think so. I should have adopted "buyer be ware" attitude. I relied too much on what Great Gulf said about themselves (even recent newspaper article) and trusted them to make it right. This is exactly my point about many aspects of this building and this developer, including parking: a responsible developer plans a residential condo with residents in mind, and makes it appealing and convenient for residents. Ask Moshe Safdie (Great Gulf worked with him on a different project) he would have much to say about this. Off course if the developer wants to maximize his profit at the expense of residents then 1 Bloor happens. If the developer chooses the cheapest options, cuts corners, uses every inch of space for profit he would achieve maximum financial gain for such project. It may not necessarily maximize their profit in the long run. They may have harder time convincing future customers.
It doesn’t need to be disclosed. It’s downtown and 25$/day is pretty much the market rate at this location.
