I grew up around galleria. I went to dovercourt school a couple blocks from there. Galleria mall was the heart of pokemon cards when it first came out. Every Saturday morning I used to go there to trade and buy.
There is more retail in the new development than what was previously in the mall, there is an expanded community centre that will open before the first phase of condos under construction. The park is being expanded with skating trails, BMX bike area. The community consultations can be found at reimaginegalleria
I wonder how many city councillors and local politicians have investments or other financial interests in the companies which are involved in this development.
If Canada would stop foriegn buyers, we all know the countries from parking dubious money into real estate then are kids would be able to afford homes, condos. Unfortunately we can't to say anything, especially the government.
@@clifflayne9073 So who's responsibility is it. The current situation is untenable; with thousands not able to find affordable housing and the fallout effects from that including seniors moving to homeless shelters because of rent increases.
@@clifflayne9073 and by not having housing that's affordable and wages that are not high enough to pay the rent without rent control we end up with a shortage of workers for jobs that don't allow them to live in the city or the province. Professionals such as Doctors and nurses leave the providing (over sixty thousand in the last three years) or retire and move to the states where wages are higher, and housing is affordable. These are the ones that can afford to leave. Minimum wage workers don't have that luxury.
It sounds like it's likely to be a "Gated Community" ! This Planner sounds like she's making good money off one or more Developers ! Was there any Public Consultation ?
What’s the use of the luxury community’s they building ever where when it’s a fortune to live in them it’s better to leave Toronto and buy a house rather then buy into these condos that will be expensive to live in and and maintain a house outside of Toronto u at least own your own land and do what u see fit and you don’t have to worry about all these rules they set in place like in condos if a mall should be broken down it should be converted into affordable housing cause that what a community needs not over priced condos
that is easy to say but if you have a job in the city going outside the city is not always the best option. Housing anywhere near the GTA will cost you just as much as a house in the city limits. You have to move a few hundred kms to start to get to "cheaper" housing. The money you save on mortgage goes into gas and wear and tear on your car going to and from work in the city each day. And if you don't drive then leaving the city is almost not an option. Your only option is to try to plan your commute to the one train per day schedule and spend hours commuting- and what you save on the mortgage goes to commuter or train fare. And if you miss that train that only runs one time per day then your commute just gets longer and more expensive.
Add another 10.000 people to an already crowded community. What could possibly go wrong? Thankfully, I will be leaving this asylum that used to be Toronto permanently withing the decade.
@@acetradamus if you are into nut house style living, sure. Everybody else is cashing out and leaving with extreme prejudice. Adios suckas and thank for all the fish!
those retail tenants will move to new spaces once the new buildings are completed, the plan is to not interrupt those essential services to the community
Master planned by who ? The master race ? It was my understanding that the term " master " when it came to real estate was being removed. No more " master " bedroom or anything like it referring to real estate. This report would suggest earlier reporting wasn't, and isn't true. I find this troubling. 0_o
These “planned communities” of luxury towers and high end condos are the direct cause of homelessness. They are what have made cities like Vancouver so unaffordable and have caused so much homelessness in the city. Cities need below market housing, not luxury developments like this.
Agreed. Unfortunately, at best we can ask for is an small earmarked percentage to be purpose built rentals in this space. A strategy I'd suggest to be used more is strictly using brownfield redevelopment for things like affordable housing.
My city of The Battlefords here in Saskatchewan is extremely affordable already as demand is low, but the community has built city owned housing to ensure affordable housing supply.
That's the Mayors problem, he needs to designate land to be average condo rather then luxury. Developers will always go luxury cause they sell to the people with money and they make more money. Only way to get average condo development is to lock the land to it.
And if you earn minimum wage you aren't living in a condominium. If you are on social assistance or disability, you will be forced to live in a homeless shelter with no access to any of the master-planned community facilities. We are already seeing this as onsite security prevents people from entering cross-through areas on condominium properties. They move people along that are sitting on a bench trying to have lunch from a drop-in outside of a condominium after asking them if they are a resident of the building. Malls actively discourage non-tenants from having coffee or lingering after purchasing a meal from a retail outlet in a building if they're not tenants of building. Master-planned communities will become gated communities with an electronic fence and only the rich and tenants, their friends but not members of the public being able to access any facilities public or not.
It is not the job of government to supply affordable housing. It is not the job of private industry to provide affordable housing, although there is a market for it, those people that are in the market can't afford to pay for it so therefore there is no profit in it for the private developer. Number 1 - there is NO SUCH THING as affordable housing, there is only subsidized housing. Number 2 - housing IS NOT A RIGHT, anywhere on the planet. So, how do we fix these problems? 1. We have to create a whole new set of charitable institutions, one, whose sole mandate is to generate subsidized housing. 2. We then have to create an incentive for people and corporations to want to contribute and support these new focused charities. My suggestion would be to drop the majority of income tax relief from personal income taxes, under the section covering political contributions from 75% down to 25% and raise the tax write off on charitable contributions from 13% to 75%. 3. Since housing is a federal responsibility under the Constitution, the feds should come to a funding or barter agreement with the provinces, that the Provinces can leverage with the Municipalities, for when either municipal land is contributed or provincial land is contributed. 4. Let the charities own and build the subsidized housing and either rent it out, sell it as condominiums or sell it outright to qualified applicants who apply. Municipalities should not be in the business of subsidizing housing. My suggestion is that municipalities sell of all of their residential real estate holdings and create a fund to use as municipal contribution towards charities building subsidized housing.
Gee it's almost like if you build a dense walkable community with good access to public transit, not everyone will use a car. Honestly, have you ever stepped foot in Toronto? Not everyone needs or wants a car and densifying cities doesn't create more traffic. If you want to get rid of traffic congestion, ban suburban commuters from driving their cars into the city
They will become rental properties and with no Rent, control will be very profitable at $2500 a month and within a couple of years $3500 a month. If you aren't earning over $100K a year you aren't living in Ontario in a condominium as a rental.
@@hbbstn there's a BIG different BTW a RE sale contract and actually closing the sale (ie paying the cash!)... Trust me in few years when those condos are done NONE of those sales contracts will close bc if they did they will be underwater bc the interest rates will be climbing for years to come and prices will eventually follow! Do some research on what happened here in the late 80s and you'll understand what goes up will eventually come down!
