Quote:
Originally Posted by Nite
Toronto needs to find housing for 100,000 to 150,000 people each year.
So where would the housing come from if we don't continue to build up since we can't build out anymore?
Removing foreign investors would not change this fact, hence why without them we would still be building at the current pace.
|
That need has been there throughout the real estate booms and busts of the last 50 years. In my humble opinion, the last thing a city struggling to meet the housing needs wants to do is tie up supply in projects that take five plus years to build. The city is 600 plus square kilometres with much of it pavement and an ever shrinking industrial sector. Where is the need to build at the 25 to 30 FSI typical for infill towers now in downtown? That must be a half a million to a million person density stretched to a square kilometre.