I live in a condominium. I find it extremely desirable. I don't yearn to live anywhere else. And I think of it as my home. But there is of course truth to this Globe and Mail article:

Canadians, by and large, continue to think of condos and apartments as housing, not homes. That’s hardly surprising given the way Canada builds them: small units in tall towers clustered in downtown cores or near busy transit hubs. They’re the one- and two-bedrooms young people rent in their 20s (and, increasingly, their 30s). The starter homes. The initial landing spot for newcomers. But they are not desirable homes for two large swaths of the population. Young families need multiple bedrooms and proximity to parks and schools. Retirees looking to downsize often say they want to remain in the same neighbourhood. A dearth of higher-density homes for these two groups has dire consequences for cities.

The problem is twofold.

Our land use policies are too restrictive, though that is slowing starting to change for the better. And it is simply not economically feasible to build larger, family-sized apartments at any sort of meaningful scale. This is not a developer unwillingness problem, it is a math problem.

Toronto, for instance, would be far better off if we had European-scaled apartment buildings all across the city and a lot more family-friendly housing. I believe this to be true at least. But in order to achieve this, we need to get serious. This is not serious.

We need to dramatically reduce development charges and other government fees. We need to get rid of the site plan control process for smaller buildings. We need to remove required amenity areas (the city is the amenity for small-scale neighborhood apartments). And the list goes on.

So if anyone in government is reading this and is truly serious about building more affordable housing in this country, please give me a call. I will gladly come into your office and run you through a development pro forma so that you can see what it's going to take. We can fix housing.

The minimum size of a parking space in Toronto is 2.6 m wide x 5.6 m long. (It can change based on other factors, but this is all you need to know for today's post.) This works out to 14.56 square meters or ~157 square feet in area for a typical spot.

Building a parking space of this size in an underground or structured parking garage is very expensive. I have seen the former cost over $200k per space once you include everything else that goes along with building below-grade parking.

However, this opinion piece reminded me that if you'd like to rent an equivalent area on the streets of Toronto, you can do that for a lot less. If it's your first vehicle permit and you have no on-site parking where you live, the 2024 cost is $22.19 (plus HST) per month.

That works out to a monthly land rent of approximately $0.14 per square foot.

There are parts of Toronto that are pedestrian only. There's the Distillery District, some small laneways in Yorkville, the Toronto Islands (though this is a bit of a unique situation), and various other pockets around the city.

There are also streets that we temporarily open up to only pedestrians, such as Market Street and King Street, and areas, such as Kensington Market, that we have been rigorously considering pedestrianizing for as long as I can remember.

What is clear is that pedestrian-only streets are controversial. Motorists fear that it will make driving in the city even more inconvenient. And businesses fear that it will limit their customer base.

While it is true that not all streets can and should be pedestrianized, there are countless examples of streets and areas that appear to be thriving because of it.

Take, for example, Montréal.

Since 2021, the city has been pedestrianizing a stretch of 30 blocks along Mont-Royal Avenue during the summer months. And according to Mayor Valérie Plante, the commercial vacancy rate for the street has dropped from 14.5% in 2018 to 5.6% in 2023:

Maybe you don't want to infer causality here, but at the very least, it seems to suggest that the street isn't dying and bereft of human activity. This year, pedestrianization is also planned to be extended further into the fall.

This won't necessarily be the outcome for all streets, but I do agree with this recent Globe and Mail article that, oftentimes, the reasons for not pedestrianizing are "a question of philosophy, not geography." Because there's lots of research and data to support doing this.

If any of you are business owners along Mont-Royal, I'd love to hear about your experiences and how you think, for better or for worse, it has changed the area. Leave a comment below or drop me a line.