31 Jul Toronto’s condo boom puts the city in danger of losing its identity.
Original article via The Globe and Mail. Click here to read.
Is it any wonder why the new c-word in Toronto is condo? Though the condo has brought tens of thousands of new residents to the city, it is also turning Toronto into something with all the liveliness of a high-rise subdivision. Though one can’t blame property owners for selling out to developers – who doesn’t want to monetize their assets? – we are closer than ever to killing the real estate goose that lays the golden egg.
With its diversity and vitality, Toronto has managed to attract countless bright young things who in their turn have brought more life and energy to the downtown core and much of the city beyond.