Quote:
Originally Posted by UptownJeff
Interesting parallels with Toronto here. During the 50's through to the late 80's as suburbs developed and gas was cheap there was an exodus from the core to the outlying areas. This resulted in a deterioration of the core from both a services and housing perspective.
We lived in the heart of downtown Toronto and many of our neighbours were either young professionals or older empty nesters who didn't need the 5 bedroom house in Mississauga but still had jobs and careers downtown. They were flocking back to the core.
I'm not sure if we will ever make Uptown desirable to all families as there are not the commute issues that you have in Toronto - literally hours in some cases to get in to the core. What I think we should do is cater to the single or newly coupled younger generation and the empty nesters. They have the money to spend on updating the housing stock.
They want restaurants, clean streets and activities.....build it and they will come!
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Just my thought.
If we give incentives to developers then new building will go up and improved exisiting buildings. New buildings create competition. So if you are a potential renter, which building would you consider first?
I would think most would think the new building. So in this case, it would make the owner of the older building do renovations in order to compete. New building lack charm and design, so a renovated building would have some advantage.
We can not afford to put any road blocks up for developers. We need them in the worst way. In the same breath, we need the owners of the older buildings to renovate. So incentives are needed there too.
Home owners don't really need incentives other than location and services.
We need to create an invironment for all.