Toronto Loft Conversions

Toronto Loft Conversions

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Modern Toronto Lofts

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Unique Toronto Homes

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Condos in Toronto

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Toronto Real Estate

Toronto Real Estate

For all of your Toronto real estate needs, contact Laurin. I am dedicated to helping you find that perfect and unique new home to call your own.

 

Has Toronto’s Condo Boom Gone Too Far?

TheRedPin

According to a story by blogTO, about a hundred residents at a recent public meeting expressed their frustration about Minto Freed’s proposed condo project in the Wellington and Niagara neighbourhood. They are concerned about the possible negative impact the proposed building will have on their historic neighbourhood as well as the traffic it will cause. The developer’s proposed project will be 81 meters high with over 600 units, adding over a 1,000 vehicles to the neighbourhood. There is also going be a series of retail units as part of the project.

The meeting, also attended by the developer’s representatives and councillor Adam Vaughn, was a lively one with at times irate residents wanting to put a stop to this. One resident whose main concern was about the culture of the area, accused the developer saying: “just because it’s made of bricks doesn’t mean it’s Victorian.”

Despite the rage from the citizens however, the main organizers’ goal wasn’t necessarily to put a stop to the development altogether. According to the Grid, they want “to work together with Minto Freed to build a sustainable community…. we think this is a great opportunity to have a lower-scale development that will fit with our area which is mixed use—it has a lot of beautiful old historical buildings”

The question here is whether we have gone too far with the number of new condo projects being built around the city. Is there a fine line between Toronto the old and the Toronto that is the financial centre of the country trying to compete with larger metropolitans such as New York and Chicago? Leave us comments with your thoughts.

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Contact Laurin Jeffrey for more information – 416-388-1960

Laurin Jeffrey is a Toronto Realtor with Century 21 Regal Realty. He did not
write these articles, he just reproduces them here for people who are
interested in Toronto real estate. He does not work for any builders.

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