Quote:
Originally Posted by GeneralLee(Toronto )
I'm veryimpressed with London's development as a big city in the last 10 years! Living in a box-condo-loving city like Toronto, I fully wish that some cities of North America really learned from London.
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The local kind of demand is allowing developers appealing, higher-end designs like some of these.
Yet there's the other side of the golden coin. Of course many locals would complain that their central areas got far too exclusive, while their authorities still enforce a certain ratio of affordable housing, I believe. But there'll never be enough to satisfy everyone when land prices are that mad. Affordability is a huge cost in this context. I guess Toronto is yet a bit more convenient and comfortable in that respect.
They're just paying the little price for success, being driven away from the prestigious districts when you're not wealthy enough. Overall, I think they've been skilled in their development policy anyway. The local momentum gives evidence.