Gentrification in Action

Toronto is home to the largest re-development in the western world. I've been to a number of the consultations over the past two years and I'm pretty excited for the future.

I think people get pretty frustrated at the speed governments do things. I think we should consider the impacts of hasty decisions and not doing full studies and consultations...as highlighted by Infranet Lab in a recent blog post

They note that sometimes when things move too quick, politics trump utility:

…the places that are most critical to the country’s economic competitiveness don’t get what they need. The nation’s 100 largest metropolitan regions generate 75 percent of its economic output. They also handle 75 percent of its foreign sea cargo, 79 percent of its air cargo, and 92 percent of its air-passenger traffic. Yet of the 6,373 earmarked projects that dominate the current federal transportation law, only half are targeted at these metro areas.

“Clogged Arteries”, Bruce Katz and Robert Puentas, The Atlantic

WaterFRONToronto seems to be doing things right and I can't wait to see how it get's translated. I appreciate the world class vision they have (examples: make the best street in the world at Queens Quay and make the largest urban park in North America Lake Ontario Park - set to be bigger than central park).

Watch for areas around the gentrification, all the changes will have a positive impact on surrounding real estate.


Check out the videos and enjoy