The City of Toronto's recent decision to reject a large condo project represents a worrisome trend of hindering economic development and housing opportunities in the name of preserving a single entertainment venue. This move, cheered by local activists, underscores an alarming prioritization of nostalgia over progress and illustrates the damaging consequences of overregulation on the broader housing market and economic prosperity.
Excessive Regulation Stifles Economic Growth as Toronto Blocks New Housing Development
All Versions
Jan-22
Law
Score: 0.45
A controversial condominium proposal has been shot down by the City of Toronto, marking just the latest chapter in a drawn-out saga centred around a beloved bar in the city's Church-Wellesley Village area. The long-fought battle to save local bar and nightli…
From blogTO
Jan-22
Law
Left Variant
Score: 0.20
In a heartening victory for community action, the City of Toronto has prioritarily protected the social fabric of Church-Wellesley Village by rejecting a massive condo development that threatened the existence of a cherished local bar. This decision highlights the importance of preserving cultural and social meeting spaces against the relentless march of urban gentrification and prioritizes people over profits in city planning.
From blogTO