Toronto isn’t Manhattan or Hong Kong

The concern that downtown Toronto’s high-rise condo frenzy will lead to something called Manhattanization is explored in the linked CBC.ca story. It’s thought provoking but the bald prediction that this trend will change family housing dreams may be a bit over-stated.  There’s nothing that says people must buy those glass boxes in the sky. Toronto has much more real estate than either Manhattan or Hong Kong. Those who want to live in a home with a garden (like you fortunate denizens of South Bayview and environs) will still be able to find one, even if it’s at a bit of a distance from Central Toronto. It’s true that the stock of single family homes south of Lawrence or York Mills is fixed. But that has been true for a long time.  Demand for those units has been intense for many decades. CBC.ca