The Centre Plan strike again, while we wait for the 10 year anniversary to fix the obvious issues in the Plan, we can watch opportunity sites across the city disappear into terrible developments likes this.
We would need 800 more of these buildings to hit the 40 000 units which the market is missing but in the time it will take to construct those the population boom will be over because we've squandered something we pined about for decades.
This is what one of the largest REIT's in the city and we have incentivized them to split and shrink a previously approved mid-rise into 2 squat ugly buildings, in the heart of the city. The worst part is that this is what the Centre Plan was meant to do and I worry about the future of this city.
What happens when we stop being a far flung suburb of Toronto and have to rely on being an affordable city to attract newcomers again?
We now have two buildings that have the same amount of units as the one building spread between two lots. We lose another chunk of Hi-Rise territory in the Plan to another short and squat development like many others. It's as if, the Plan was made by people who thought tall buildings were a problem and they had the solution. That solution was to not tackle the housing crisis but enforce rules that will make it worse.