Tag: toronto

• The 12 best design districts around the world

  Architectural Digest has just published the perfect article for gratuitous self-promotion. It is a list of “the 12 best design districts around the world”, and it includes The Junction, here in Toronto:

  Located in a tree-lined historic area of the city, The Junction gets its name for its past as the heart of the Canadian Pacific Railway. Mix with locals on the main drag of Dundas West at boutiques including the minimalist homeware store Mjolk and modern stationery shop Take Note. A short 20-minute walk from this charming retail center, the Museum of Contemporary Art is worthy of a stop in too. (Current exhibitions include a site-specific commission by artist Sarah Badr and Seeing the Invisible, an augmented reality experience in the museum’s Jerusalem Botanical Gardens.) Then take a tipple at The Junction Brewery, which serves local craft beers within an Art Deco building that offers a glimpse of the neighborhood’s rich history.

  Early on in high school, I used to come downtown to primarily do two things: skateboard and walk Queen Street. This was the street. It was weird and artsy and we loved it. And so we would start at University Ave and walk west for as long as the street was interesting.

  For a period of time, it felt like things kind of fell off after Spadina Ave. So we would often stop there. But then west of Spadina started getting cool and interesting too.

  Years later in 2004, the Drake Hotel would open up on what felt like a far off location on Queen Street. And then seemingly overnight, all of Queen Street was cool. Parkdale had a taco place with absurdly long lines and loud hip-hop music, and cool started moving up Ossington Ave, presumably because Queen had run out of space.

  Of course, neighborhoods have cycles. Before it was the Drake Hotel, it was Small’s Hotel. And when it opened in 1890, it was located in one of the wealthiest areas of Toronto. Then the area became a lot less wealthy, and eventually the hotel became a flophouse, before once again becoming cool again. These are the cycles.

  There is no doubt that Queen Street remains one of the greatest streets in Toronto. But in my mind, 2018 was a turning point. This is when when the Museum of Contemporary Art (MOCA) left Queen and moved to the Junction Triangle (or the Lower Junction, or just the Junction, depending on what you prefer to call it).

  This to me didn’t signal that Queen had in any way peaked. Far from it. But I think it did solidify the Junction as one of Toronto’s next cool and artsy neighborhoods. And now here we are with Architectural Digest calling it one of the best in the world.

  It would be hard for me to be more biased. But I’m a big fan of the Junction. And I am really looking forward to erecting our placemaking art later this year. It is one of the things that our team is most proud of, and we proposed it simply because we thought it would be cool and interesting. That’s important.

  2023.01.13

• A home not a unit

  I dislike the term residential unit.

  It makes a home sound like some sort of widget. When have you ever heard someone say, “unit sweet unit”? Never. And yet this is generally what we use to refer to housing that comes in an apartment form and is not grade-related.

  If you build low-rise houses, you’re a home builder. But anything beyond that, and the home moniker apparently needs to fall away.

  There is, of course, a very good reason for this and it is that we have a longstanding history of not liking apartments. And so this is in all likelihood some sort of carryover of that bias. Surely there’s no way to create a morally-correct home in an apartment. So let’s use a more utilitarian sounding name, like unit.

  I’m sure that I have used the word “unit” countless times on this blog throughout the years. But I am working to remove it from my vocabulary. And now you can all hold me accountable to that.

  2023.01.11

• Road salt vs. gravel

  It has been mild and wet in Toronto over the last week, but normally at this time of the year, the entire city looks like as if it was just hit by some sort of apocalyptic chalk storm. Everything is white. And that’s because we rely on rock salt and liquid salt brine to keep our roads and sidewalks free of snow and ice. Each winter, the city uses upwards of 130,000 tones of salt to maintain its service levels.

  This is the tool of choice because it is both reasonably effective and cheap. However, the trade-off is that it does horrible things to the environment. It also ruins perfectly good shoes, which should tell you something about what it’s doing to the environment. So it’s a balancing act: Yeah, it’s terrible for the environment, but we want usable roads and sidewalks. People slipping and falling is also a liability problem.

  That said, when I was in Montreal over the weekend, I did notice a greater use of gravel:

  

  This causes its own set of problems in the spring when it all needs to be tidied up. But in the interim, it did allow me to wear my neon Nike Air Max 90s without the fear of them disintegrating on my feet. Sometimes there’s also no choice. Road salts only work down to a certain temperature and then they become ineffective. So there are lots of examples of cities using sand and/or gravel to improve traction.

  This is not the case in Toronto. We rely on rock salt. And part of the reason for this is that our winter service levels dictate “bare pavement” on highways and arterial roads. Gravel doesn’t get you bare pavement. Salt does. Also, Ontario doesn’t require snow tires, whereas Quebec does. So there is an argument that, because of this, we are all ill-equipped to deal with anything besides bare streets. (Though have you seen our sidewalks and bike lanes?)

  I am not a salt management expert. I opted out of that fascinating elective in University. But in my opinion, the goal should be to use as little rock salt as possible. Maybe that means we need to rethink our service levels and our priorities. And maybe that means we need to do things like mandate winter tires.

  2023.01.03

• Warren Buffet doesn’t like crypto and streetcars

  I have a great deal of respect for Warren Buffet. Much of what I know (or think I know) about investing has come from listening to and watching him and his partner Charlie Munger. Surely they have got to be the most successful investors living today.

  But there are some things that I don’t always agree with them on. The first and most obvious one is crypto. Warren thinks it is speculative rat poison and I think it is the future of the internet. I understand where he is coming from in that it does not produce cash in the same way as say a farm or an apartment building. But that doesn’t mean it won’t have value.

  The second one, as I have learned today, is maybe streetcars. As a rule, Warren doesn’t typically engage in local politics. But he recently decided to break that rule through a letter he wrote to the editor of the Omaha World-Herald, lobbying against a new $306 million project that I believe is going ahead regardless.

  Here’s an excerpt from the letter:

  “Residents can be far better served by extended or more intensive service by the bus system,” Buffett wrote. “As population, commerce and desired destinations shift, a bus system can be re-engineered. Streetcars keep mindlessly rolling on, fuelled by large public subsidies. Mistakes are literally cast in cement.”

  I should, however, be clear that (1) I know nothing about Omaha and this streetcar project, and (2) “streetcars” can be nuanced. There are streetcars that compete with car traffic and have short station spacing, and there is light rail transit on its own dedicated tracks and with farther station spacing. One size does not fit all.

  Here in Toronto, we have lots of the former and they generally move you around at the slowest possible speeds. Sometimes it is faster to just walk. But we are also getting a new light rail line next year and that should move much faster. I can also tell you that when I worked in Dublin many years ago, I took their Luas to the office every day and loved it.

  Again, I don’t know the specifics of Omaha’s streetcar project. Maybe Warren is right or maybe he is wrong. And that’s why I was careful to say “maybe” above. But I do know that in the right urban contexts and when done well, I am a fan of light rail transit.

  2022.12.30

• Agenda-setting headlines

  I am so tired of sensational headlines:

  The Ontario Line will zip across the core and up to Eglinton, easing gridlock and alleviating TTC misery. It will also plow through peaceful Toronto neighbourhoods, displacing homes, businesses and everything in its path.

  I know exactly what business model it is serving and why it is done, but I’ll ask the question anyway: Why do we need to make everything out to be a problem?

  In this case, we’re talking about a new and important piece of city building infrastructure. A subway line that will run through the densest parts of this country and alleviate congestion at key interchanges, as well as broadly across the city.

  It is something that we, as a city, have been griping about for many decades. And now, it is finally happening! Will it involve constructing things? Yes. Will it actually displace “everything in its path?” No.

  But as we all know, this is the way media works today. They set the agenda (i.e. tell us what we should be terrified and/or pissed off about) and then they sell our attention. And an effective way to do that is to make sure that the headlines get us really worked up.

  2022.12.29

• Merry Christmas from Toronto

  

  2022.12.24

• What happened in 2022 and how I did on my predictions

  It has become tradition around here that at the end of each year I write down my predictions for the following one. And in 2022, I did that here. The overarching point of writing something like this down publicly is not necessarily to be right (because you can do that through obvious predictions). The point is to dedicate time to thinking (which is oftentimes hard to do throughout the year), to search for non-obvious things, and to generally be okay with being wrong. So I plan to do this again in the coming weeks for 2023.

  But first, let’s see how I did with my 2022 predictions:

  1. COVID: I argued that 2022 would be the year that the pandemic becomes endemic and it reaches a point where it no longer factors into decision making in the same way that it has since 2020. Some of you may disagree whether this is a good thing, but I would still say that this happened, at least in this part of the world. I started the year in lockdown here in Toronto and I ended the year having taken multiple overseas trips where testing was no longer required. (Right)
  2. Return to office: I was kind of close. I thought that the majority of people would be back in their offices by September. I didn’t say that hybrid/flex work was going to disappear, but that we would see a great return. That did happen, according to my super scientific Jimmy the Greek Reopening Index. But if you look at the latest swipe card data for the 10 largest US cities, average occupancy is hovering just below 50%, which is not a majority. (Wrong)
  3. Recreational/fringe housing: I felt very strongly that we would see a pullback in residential real estate this year, specifically recreational properties and properties in tertiary markets. This 100% happened, but I’ll be honest in that I was not thinking about the interest rate hikes that we saw. I just saw it as a pandemic bubble. I also thought that apartment rents would do very well and surpass pre-pandemic levels. This happened in many markets. (Right)
  4. Return of travel: Yup. (Right, but maybe too obvious?)
  5. Intensification of single-family home neighborhoods: This continued to be an important topic in 2022. Did we see some a tipping point-like moment, like I had predicted? I think it depends on the market, but here in Toronto we did see things like Bill 23, as well as additional efforts on the part of Mayor John Tory. (Right)
  6. Autonomous vehicles: Progress was made this year. You can now hail an autonomous taxi in places like San Francisco. But I also thought that this would be a fantastic year for Uber as the world reopened, and that they’d finally become profitable. As of Q3 of this year, that had not happened. (Wrong)
  7. Public transit and micromobility: I got the public transit ridership piece correct. I assumed that ridership levels would remain depressed. Perhaps an obvious one. But I also figured that e-scooters would be one of the main beneficiaries. While it is true that e-scooters remain very popular, particularly with French people, we did see ridership decline in the US, as the availability of cheap capital waned. (Mostly right)
  8. NFTs and augmented reality: There’s a lot happening in this digital world and I continue to be incredibly bullish. But we are certainly in a “crypto winter.” I also thought that Apple would announce something big related to augmented reality this year, but supposedly that has been pushed to next year. (Wrong)
  9. Climate change and carbon prices: I thought that the price of carbon on the EU’s Emissions Trading System would surge this year. It did not. Right now it’s looking like it’ll end up being fairly flat for the year. Of course, I also had no idea that Russia would do terrible terrible things to Ukraine, which has had dramatic impact on energy markets. (Wrong)
  10. More crypto (Ethereum, Bitcoin, and Solana): Well, I got this last one really wrong. ETH is down ~70% over the last year relative to the US dollar. I was not predicting a “crypto winter.” And I did not know that Sam Bankman-Fried was operating a weird cult-like ponzi scheme out of a penthouse in the Bahamas. None of this changes my views on crypto, but I was still wrong in 2022. (Wrong)

  Looks like I’m somewhere around 5/10.

  Stay tuned for my predictions for 2023. In the meantime, if any of you have predictions of your own, I would love to hear from you in the comment section below or on Twitter.

  2022.12.23

• Basketball and housing and football, oh my

  

  Three quick and unrelated things for today’s post:

  1.

  A handful of years ago, before the pandemic, Bullpen Consulting, Slate Asset Management, and AD HOC STUDIO started a somewhat irregular basketball meetup for Toronto’s development industry called City Builder Ball. It, of course, fell off the rails during the pandemic, but as of this month we are officially back at it! We played over the weekend and I can’t tell you how much fun it was to run around a gym for an hour and play basketball very poorly — so much fun. The next meetup will be in January and if you’d like to join, drop Ben Myers of Bullpen an email to get on the mailing list. It is open to all.

  2.

  A few months ago I wrote about a passion project that I am working on with a friend, called Unlyst. The idea is to see if there is a way to leverage the “wisdom of crowds” to determine the current market value of housing. And the way it works is that we feature a home on the website, people (or the crowd) get 14 days to input what they think it’s worth, and then we come up with something we are calling an “unlysted value.” There’s a lot of evidence of this sort of thing working exceptionally well for other markets, so we’re very curious to see if it can work for housing. If you’re interested in contributing your home and/or just seeing how it works, check out unlyst.com.

  3.

  World Cup Finals. What a game! A huge congratulations to Argentina and, of course, Messi. I should, however, come clean and say that I know virtually nothing about football, I don’t know why the field is so big, and that my overall impression of the game used to be mostly consistent with this Simpsons’ take (albeit with more sensationalized flopping by men with faux hawks). But since Canada qualified this year, I felt it was my duty to watch — at least some bits and until we got eliminated. And since the finals are the finals, and since I have an open crush on France, I figured this would also be a good game to watch. Turns out I was right. And now, I am fairly certain that it has turned me into a true fan — or at the very least a “I could watch a finals game every 4 years” kind of fan. Who knew that soccer, I mean football, could be so thrilling?

  Photo by Florian Wehde on Unsplash

  2022.12.18

• What AI thinks about missing middle housing

  I don’t know if any of you have had a chance to play with ChatGPT yet, but it is pretty incredible. Here is something that my friend David Fitzpatrick, who is a planner, tweeted out:

  https://twitter.com/_DavidFitz/status/1600886386734682112?s=20&t=nxrqQJM8AQ6unugSs7eP9w

  There is really no way of telling that AI produced this. It sounds natural and, in this particular case, it also feels like it understands that this is an ongoing debate: “the by-law may not provide enough flexibility to allow for…”

  It’s a good thing I don’t write for a living.

  2022.12.09

• On-street EV charging stations are the next street light

  On-street electric vehicle charging points are starting to roll out across Toronto. Here is one that I came across this morning in the Junction on Annette Street. The stations are from Flo.

  At its core, this is, of course, a great thing. Ubiquitous charging points are a critical component of overall EV adoption. But at the same time, it was a good reminder that (1) above-grade electrical wires are ugly (this is the typical Toronto approach) and that (2) on-street EV charging is a design challenge that is going to need to be solved.

  In the above example, the charging stations were mounted to an existing electrical pole and two bright yellow bollards were installed on either side to make sure nobody smashes into said charging stations while they’re parking and/or trying to watch TikTok videos on their phone.

  But what happens when nearly everyone has an EV? There are only so many electrical poles, so we will need to move on to standalone stations at some point, and that is obviously already being done. But if we’re going to have charging points practically everywhere, how should they work and what should they look like?

  I am sure that lots of very smart people are already thinking about this. But as someone who is not directly involved in this space, it feels like we need to think about these in a similar way to street lights. Because they are going to be just as ubiquitous, if not more so. That means there is a strong cause for making them both functional and beautiful.

  In fact, this feels like a real city branding opportunity.

  2022.12.08