Comment 114643

By highasageorgiapine (registered) | Posted November 05, 2015 at 10:57:33

261 000 dollars for a bachelor is perfectly affordable for all people because prices in toronto and vancouver are really crazy? for a single individual making a median income, not a chance that would be realistic. perhaps in the sense that it is affordable in this current housing bubble with unsustainable property value growth where everyone is in a rush to become overleveraged.

you mention that we need to make ~20 percent of units geared to income though do not mention that any current developments do not include that (including the very affordable connaught you mention), nor are there any plans to include that as part of any ongoing or future developments. i think that stating "opposing new developments because of gentrification is wrong" isn't really tackling the issue of why people concerned about gentrification are hesitant about development. i would be singing the praises of new developments if they were good examples of mixed-income growth and urban renewal but the examples you cite as reasons for being pro-development are not happening. these buildings are not going to contribute to the mixed income neighbourhoods you are talking about, all while throughout much of the lower city the disinvestment will continue. this is seemingly okay to most people here because they are fortunate enough to be able to afford to live in the portion of the city that is being propped up by investment. rental buildings and social housing continue to suffer from numerous issues that resign many of people in our community to declining standards of living.

development and change is inevitable and generally is a force for good, but relying on market forces to serve the whole community like you write here has little basis in reality.

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