HousingNowTO
Senior Member
Posting just for SIGN comparison and History purposes…
“16-Storeys becomes 32-Storeys in a mid-town Apartment Neighbourhood with ZERO renoviction / displacement” - is a great narrative to share on our walking tours…
- Thread starter WislaHD
- Start date
“16-Storeys becomes 32-Storeys in a mid-town Apartment Neighbourhood with ZERO renoviction / displacement” - is a great narrative to share on our walking tours…
maestro
Senior Member
There is a difference between 16 and 32 storey including the extra time and money to construct. The narrative that we can build twice as tall with twice as may units on a site isn't much to behold. Note: I can't comment on this specific development as I don't know the community's infrastructure growth potential. One thing for certain is that most large scale intensification passes rezoning providing minimal amenities for the growth in population
Intensification and high densities come at premium costs when affordability is in crisis. A developer is not going to rent at a loss. Housing programs that funnel billions into housing at a time when construction costs have gone well past the roof is short term reactionary populism than a long term economic vision for Canada.
Intensification and high densities come at premium costs when affordability is in crisis. A developer is not going to rent at a loss. Housing programs that funnel billions into housing at a time when construction costs have gone well past the roof is short term reactionary populism than a long term economic vision for Canada.
Undead
Senior Member
Well and the biggest issue is that housing has been turned into an investment asset. In fact, it's the primary/only meaningful asset in our poorly diversified economy. No amount of government cash shoveled into housing will address that.