Comment 116707

By ergopepsi (registered) | Posted March 02, 2016 at 08:10:20 in reply to Comment 116698

Land values will not peak during either of our lifetimes. It does not matter that the GO station is not fully in service yet or that the LRT is still years away. All of these elements are already factored into the pricing in the North End. Look at any real estate listing in the area and it will tout 'close to GO etc etc'. One or two bedroom hovels are selling for over 300k. It is insane. But mostly it is a sellers market. When this city property goes up for sale there will be numerous interested parties. It doesn't matter if they list it for five bucks and a sandwich. There will be competitive bids coming in from all sides I'm sure - way above what they are asking.

And where in all this is a big ghetto being created? Brand new affordable housing (hopefully) built with modern materials and energy efficiency? I don't see where the ghetto bit comes in here?

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