This is the battle that is now playing out across Toronto — and many other cities — as we look to intensify our existing communities; even in the ones sitting on higher-order transit. Cities rightly want to see it happen. But local ratepayers do not.… Read More
All posts tagged “globe and mail”
Toronto’s discontinuous sidewalks
Dave LeBlanc recently published an article in the Globe and Mail called, “How wide is your sidewalk?” And in it, he links to this sidewalk map of Toronto (pictured above), which uses open data from the city to plot sidewalk widths. It was originally intended… Read More
Cruise ships of urbanity
There are many ways to describe one of the prevailing urban forms emerging across the Greater Toronto Area. You could call it spiky urbanism. You could call it a collection of peaks and plains. Or — as it is referred to in this recent article… Read More
A lot less new housing
During COVID, every developer was terrified that their costs were going to run way from them. According to this recent Globe and Mail article, residential building costs increased 55% since 2020. At the same time, city fees were being increased and some people, for whatever… Read More
Canada has an existential productivity problem
Canada has a lot going for it: By land mass it is the second-largest country in the world, with the longest coastline. Bookended by the vast Pacific and Atlantic oceans it has enormous trading advantages, alongside access to the largely untapped Arctic to its north.… Read More
Thoughts on Dupont Street in Toronto
This morning I spoke to the Globe and Mail about the evolving nature of Dupont Street here in Toronto. The impetus for the discussion was this: Dupont Street is now seeing a lot of residential intensification, but the street itself remains a bit of a… Read More
The neutral rate and housing supply
Below are two interesting excerpts from this recent Globe and Mail interview with Tiff Macklem (the current governor of the Bank of Canada of the former dean of the Rotman School). The first has to do with where he believes the “neutral rate” will be… Read More
Real estate investors are outbidding people who own strollers
Here’s a potential scenario: “When you have investors competing with first-time buyers who walk in with a couple of [baby] strollers, typically the investor is going to win,” Mr. Pasalis says. “They are well capitalized. They can pay a higher price. And this is why… Read More
Less new housing — for now
Approving new housing is one thing. And it is an important one thing. But you also need to sell/lease and finance the project. And that is a lot more challenging in today’s environment compared to a few years ago. I think a lot of people… Read More
From unfashionable, dirty, and full of prostitutes, to too many tourists
Cities are complicated. And we have spoken before about how it can sometimes feel like they never really reach homeostasis. In extreme cases, it might seem like they’re either decaying and losing people, or they’re too successful. I was reminded of this again this morning… Read More