This morning I read through a real estate report called Luxury Defined. It’s a look at the global luxury real estate market across “the world’s top 10 cities for prime property” and about 70 regional and resort destinations.
It’s interesting to look at the trends and see how high-net-worth individuals (HNWIs) are choosing to allocate their funds in residential real estate. Here are some of the charts and diagrams that caught my eye as I was going through it (you may need to zoom your browser in):
If you’d like to download the full report, click here. It’s free, but you’ll need to enter your name and email address.
1042 Queen St W by Kevin Steele on 500px
Earlier this week I attended a talk at the University of Toronto called Data Innovation and City Governance. It was by Mark Kleinman who is from London, but is now a Visiting Scholar at the Munk School of Global Affairs.
The topics covered would have been familiar to anyone who is a regular reader of this blog (the power of open data, the knowledge economy, etc…), so I’m not going to repeat it all here. But I did want to touch on one of his impressions of Toronto, which is that this is a city that is “never finished.”
What does that mean?
The opposite of a city that is never finished would be a city like Paris that feels a bit like a monument that is now done and shouldn’t be touched anymore. It’s a city that almost feels too precious to intervene in. This is obviously not the case for all of Paris, but I think you get the point.
Toronto, on the other hand, is a city that is constantly building, changing, and renewing itself. There are often layers upon layers of new interventions being applied, which gives you the impression that the city will never be done. It’s constantly in flux.
Some of you may not appreciate this kind of “messy” urbanism, but I think it gives cities a kind of entrepreneurial resiliency (resiliency is a hot topic right now in urbanist circles). Cities are an ecological system. And the most resilient ecological systems in the world are the ones that are able to adapt to constant change.
So in my view I look at this as a feature, not a bug. The only constant is change.
I just stumbled upon a fascinating documentary series called Real Scenes. Each film explores “the musical, cultural and creative climate” within a particular city.
Below is Real Scenes: New York (click here if you can’t see it below). It’s an inside look at the underground music scene that has developed in Brooklyn, but that is at the same time being threatened by development and rising rents. Disclaimer: There’s a lot of f-bombs and a lot of hating on gentrification.
[youtube https://www.youtube.com/watch?v=LDtf0uIUPuE?rel=0&w=560&h=315]
I’ve only watched the New York video from this series, but I plan to watch each and every one of them. The other cities are Tokyo, Johannesburg, Paris, Berlin, Detroit, and Bristol.
What’s fascinating about these short documentaries is that they give you a glimpse into a particular undertone within each city – one that would otherwise be hard to get if you weren’t living there and engrossed in the scene.
It’s also interesting to see how some people view change within cities.
To some, transforming a neighborhood from one that looks like a “bomb went off” to something more pristine, is a good thing. But to others, it’s the worst possible outcome. It all depends on your frame of reference.
Now, how do I get them to make a Real Scenes: Toronto? :)
Image: Resident Advisor