It may be relevant if you've looked at the area east of the don valley it's basically suburbia 2.0 with big box chains galore. Especially since, as it stands, the area east of Yonge St will have a dearth of adequate transit for people moving in. Sure there'll be a substantial amount of people who bike to where they want to go, but that number will drop in the winter and then you'll have residents who either have to walk to a bus or streetcar line on Cherry St. I'm not sure if it may not be more worthwhile to just drive the 2 or 3 km to wherever in downtown and pay the premium for parking. I imagine the apartments in this area won't be cheap, save for a few subsidize units. I imagine the people moving in could afford it.
I have no data, so I'm just talk out of my head, but I don't think we can count it out if there's no firm commitment to actually building the transit that's planned for the area.