27 Jun Toronto wants mid-rise housing, but can we afford it?
Original article via Globe and Mail. Click here to read.
Builders in Toronto are facing something of a dilemna: Residents want fewer high-rises and planners are making available more sites suitable for more compact buildings, but costs are making mid-rise residential properties exceptionally expensive to construct.
“My colleagues, we like mid-rise work,” said architect Richard Witt, executive principal at Toronto’s Quadrangle. “It’s interesting; it’s less formulaic, so you often get more interesting building. But the economics of it don’t work for anybody. Almost every client that’s done them has never done another one.”CLICK FOR THE FULL ARTICLE