I was riding my bike on Bloor Street along the north edge of High Park over the weekend. And in between cyclists in spandex yelling at me for seemingly riding the wrong way in the bike lanes, I managed to safely snap this picture:

It was a reminder of that thing we like to do in Toronto where we want lower-rise along our main streets and then we tuck the taller parts somewhere in the back so that we can pretend they are maybe not there. Here's an aerial shot of the situation from Google Maps:

It's a very different condition from what you will find in New York along virtually all edges of Central Park:

Now, New York and Toronto are not the same city. This much is obvious.

But there is a grandeur and degree of urbanity that is present along Central Park that is not present along High Park. And I would argue that this feature isn't exclusive to New York. It can be found in many other cities, including places like Montreal.

I am sure that part of the rationale here on Bloor Street had to do with matching the lower-rise existing context. But we shouldn't forget that the edges of public spaces are oftentimes just as important as the spaces themselves. Sometimes they can be even more important.

So I thought I would put it out to all of you. To stepback or not to stepback. What do you think would be the most appropriate built form along this north edge of High Park? Leave a comment below.

The Junction House team is excited to announce that construction will start this fall and that our ground breaking ceremony will be held at 11AM on Saturday, October, 19th. Mark your calendars.

It will take place at our Sales Gallery — 2720 Dundas St W. This will be one of the last opportunities to see the award-winning Junction House Sales Gallery before it is demolished in preparation for construction.

There will be photo opportunities for everyone in attendance, and so we encourage you to bring your phones/cameras. You're welcome to extend this invitation to family and friends, but kindly RSVP by sending an email to info@junctionhouse.ca.

We look forward to seeing you there.

Shane Dingman's recent Globe and Mail article about "the investment case for mid-rise condos" is a good summary of why this housing type has become so popular in Toronto.

Mid-rise buildings tend to attract more end-users because of their boutique scale. That is, they attract people who plan to move into the building once it is built, as opposed to buyers who plan to rent out their unit. We are certainly seeing this with purchasers at Junction House.

Because of their generally smaller scale and because they are often built in mature neighborhoods with few opportunities for new construction, supply of new mid-rise housing also tends to be limited. That bodes well for future price appreciation.

Here's a quote from Shaun Hildebrand (President of Urbanation), taken from the above Globe article. (Sorry, it's behind a paywall.)

“Price growth between the two building types [mid-rise and high-rise] began to converge in 2018, and in Q1-2019, buildings under 12 storeys saw average resale prices per square foot grow 10 per cent year-over-year, compared to 6.5 per cent for buildings of 12 or more storeys,” Mr. Hildebrand said. “We may be now entering back into a period of outperformance of mid-rise buildings as the market is shifting.”