I suppose there are too many moving parts to forecast accurately (geo-political turmoil, demographic growth) but do people in the industry see a rebound in construction activity over the next 1-2 years or are hopes for a rebound further off?
Regarding this proposal specifically, the cheapening of the design was expected. The frustrating part is we know that top shelf designs do get built but in cities like Sydney, Singapore, London, etc. For as far as Toronto has climbed the last 20 years, it's clear that our city isn't THERE yet. We gush over projects like King Toronto (BIG) because they are so rare here.
Would be nice if we reach a point in Toronto's ascendency where designs like this aren't instantly viewed as fantasy but realistic. Many rail against the uber rich but a depth of wealth is exactly what a city needs to make architectural gems possible.