David, I respect your opinions most of the time, but here you are wrong.
The reason a height limit, a good policy in my mind and the mind of most good planners was passed is because it is popular. The reason rezoning all single family home areas to multi-unit dwelling by default has not occurred is because it is wildly unpopular.
Toronto could allow unlimited heights, and it would not become affordable. It is also a common misconception that each floor reduces the cost of a building. I have seen various studies where going taller actually increased the cost of construction and made units more expensive. The goal isn't affordability though, it's profit. So if the units can be sold, as long as the margins are good, it will be proposed.
|