Lighthouse:
Every major city has people on the streets, begging and other wise.
I commend the city for not pushing these people to a different area of the city or further outside where you need a car to get anywhere, when these people clearly do not. I have never personally been hassled more than the asking for spare change.
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But on the topic, there is a great editorial piece on Riversdale.
specifically the Gentrification of it:
Gentrification - verb
the process of renewal and rebuilding accompanying the influx of middle-class or affluent people into deteriorating areas that often displaces poorer residents
A highly recommended read for more insight into the Changing 'face' of riversdale
http://thewalrus.ca/reviving-riversdale/