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.”

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