innsertnamehere
Superstar
Im starting to see it as comparable to NYCC. Last I checked, it’s about the same distance to Yonge/ Eglinton by subway/LRT from either, and both areas will end up with similar built forms.
This areas’ certainly different from that part of North York, but it’s also a new community from scratch in a well-located part of Scarborough. Not a lot of precedent for that combo.
So I’d say it depends on how much the market values the newfound accessibility, which is comparable to other built-out nodes, versus its pre-existing context. Did people buy into NYCC primarily for the location? Or the community profile? That might help us answer this.
not really worth comparing the two. the condo market has completely collapsed. NYCC was built at the height of the boom
The difference is that NYCC is also an important employment centre in itself and is also located within one of the most desirable and central areas of the city.
Golden Mile has far less employment, is not as central, will be a significantly longer transit ride to downtown, and is in a far less desirable area of the city.
No doubt the Golden Mile will slowly buildout, and I'm sure many of the landowners will start construction on their first phases soonish.. but the densities contemplated are remarkable.
As a comparator.. NYCC currently has around 28,000 residential units between the 401 and the Finch Hydro Corridor, according to census data. Golden Mile is, through active applications, at about 53,000. So literally double the density. It's reasonable to be skeptical.




