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Once the bubble bursts, I doubt this country's queen city's dirty secret, as revealed in the following televised documentary, will not a/effect either the rest of the country or the foreign newscomers who now dominate said burg's composition, especially since no follow-up revealing any favourable outcome exists:
..although I myself do hope it altogether be more a Canadian problem than a Canadien one .. wouldn`t you?
lol the rest of Canada and perhaps Montrealers seem jealous of the ever growing Toronto skyline.
There is no "bubble", Toronto's Q3 condo vacancy rate was 0.6% with demand outstripping supply and rents up 9% YoY:
Quote:
This lack of availability, Urbanation says, is sending condo rents skyward, with the number of units renting for above asking price, more than doubling from a year ago.
Overall, condo rents rose nine per cent in the third quarter compared to the same period last year, with the average condo now renting for $29.14 per square metre ($2.71 per square foot), or $1,986 per month.
"The rental market has become severely undersupplied, which is likely to worsen following the latest round of mortgage insurance rule changes," said Shaun Hildebrand, Urbanation's senior vice-president, in a widely disseminated news release.
At the same time, Urbanation's survey of newer, purpose-built rental apartments (completed since 2005) found a vacancy rate of just 0.6 per cent.
Toronto's downtown is an incredible place to live and demand is growing. Development is also proceeding at a feverish pace to keep up, with new proposals making their way through regularly, the latest being just this month with 2 Carleton street for two 72 storey towers rising 233m each.
The Yonge st. corridor and especially around College Park is going to look completely different by 2020, including the nation's first supertall residential tower at Bloor.
Truly an exciting time for Toronto.
Last edited by Mr. Burns; 10-24-2016 at 08:56 PM..
I can't imagine in the States other cities residents are truly Jealous of NYC's status as the World's city and growth and renewal? If two cities have a bit of a rivalry? For example, you hear there being a bit of one between Houston and Dallas/Ft Worth regions. I don't think it is they are jealous of each other.
***I also feel it is time to create a OFFICIAL "Toronto in 2020" or Toronto 2030" thread.
For boasting of new projects coming and all things to boast about Toronto's status and offerings today. Instead of using this thread that post HAVE NOTHING TO DO WITH CHICAGO as it originally began as. Its old news on population.
Last edited by JustGoForIt; 10-25-2016 at 03:02 PM..
I can't imagine in the States other cities residents are truly Jealous of NYC's status as the World's city and growth and renewal? If two cities have a bit of a rivalry? For example, you hear there being a bit of one between Houston and Dallas/Ft Worth regions. I don't think it is they are jealous of each other.
***I also feel it is time to create a OFFICIAL "Toronto in 2020" or Toronto 2030" thread.
For boasting of new projects coming and all things to boast about Toronto's status and offerings today. Instead of using this thread that post HAVE NOTHING TO DO WITH CHICAGO as it originally began as. Its old news on population.
No there has always been a rivalry between Montreal and Toronto.
Montreal used to be to Canada what Toronto is now, it was the city's largest and premier metropolis. It was an older and more populous city. All the major banks were HQed there.
Then the separatists got vocal, and it scared off the banks, who moved to Toronto, and slowly Toronto overtook Montreal. And now these guys are pissed, they can't stand seeing TO not only be the cultural, economic, and media capital of Canada, but also continue to grow and prosper.
Then the separatists got vocal, and it scared off the banks, who moved to Toronto, and slowly Toronto overtook Montreal. And now these guys are pissed, they can't stand seeing TO not only be the cultural, economic, and media capital of Canada, but also continue to grow and prosper.
I wish that didn't happen. Separatism ruined all the good things from Quebec. Imagine if Montreal were still the premier city of Canada. I feel like Canada would have been a much more cultural and unique place. And if Toronto was number 2, it may have been a better city than it is now and the negatives of overcrowding and smog probably wouldn't be there either. It would have been a win-win.
No there has always been a rivalry between Montreal and Toronto.
Montreal used to be to Canada what Toronto is now, it was the city's largest and premier metropolis. It was an older and more populous city. All the major banks were HQed there.
Then the separatists got vocal, and it scared off the banks, who moved to Toronto, and slowly Toronto overtook Montreal. And now these guys are pissed, they can't stand seeing TO not only be the cultural, economic, and media capital of Canada, but also continue to grow and prosper.
By what criteria do you consider Toronto is a cultural capital of Canada?
Montreal, for example, has a word class symphonic orchestra with one of the top conductors. On the other hand, Toronto has a mediocre orchestra (TSO), which is quite strange for such big and rich city (I was expecting something similar to Cleveland or Chicago Symphony Orchestras).
Same goes to the museums - Montreal and Ottawa have better and more interesting fine art museums.
Yes, Toronto has more banks and more money, however it is quite mediocre culturally.
No there has always been a rivalry between Montreal and Toronto.
Montreal used to be to Canada what Toronto is now, it was the city's largest and premier metropolis. It was an older and more populous city. All the major banks were HQed there.
Then the separatists got vocal, and it scared off the banks, who moved to Toronto, and slowly Toronto overtook Montreal. And now these guys are pissed, they can't stand seeing TO not only be the cultural, economic, and media capital of Canada, but also continue to grow and prosper.
But you have to admit that feeling being abandoned by Anglo-Canada's banking media. Holds some resentment. In the US Midwest and Eastern cities were devastated during the 50s beginnings thru the 60s 70s with the great African-American migration from the southern US. Leading to strife and businesses and White-Flight from whole neighborhoods depressing these cities as also manufacturing left. Downtowns also of major cities lost much too and blight began. Many lost all their retail there too.
But now the Southern cities are rising faster then most Midwest and Northeast cities but NYC in population. But JEALOUSIES ? No. Its a nation in constant change. Heck the number of unskilled Mexican and other Latino illegal immigration. Has lead to more illegal ones then the whole population of Canada.
But Toronto and other cities. Were able to have a steady growth with Toronto by far. Professionals quickly able to immigrate. Maybe US cities should resent Toronto? Especially those where radical racial change and still growing Latino migration north to these cities. Is something Europe only recently experienced in mass entry of North Africans and Syrian refugees. Again Canada may take in many. But it is a huge country too for even a couple hundred thousand.
I wish that didn't happen. Separatism ruined all the good things from Quebec. Imagine if Montreal were still the premier city of Canada. I feel like Canada would have been a much more cultural and unique place. And if Toronto was number 2, it may have been a better city than it is now and the negatives of overcrowding and smog probably wouldn't be there either. It would have been a win-win.
That probably would never have happened even without separatism. Quebec and francophones have always been proud of the French language. That alone would have precluded Montreal from becoming Canada's premier city. Afterall, Montreal is in a predominantly anglophone country/continent and any kind of barrier - whether it be cultural or language - would be seen as a barrier to business mobility, and large multinational corporations would automatically see that as an added operational cost (e.g. I worked for a multinational tech company that had to maintain a relatively large staff of English/French translators in their Montreal office in order to comply with French language laws, as all company communications had to be bilingual - that wouldn't be an issue outside of Quebec). A city like Toronto, only 250 miles west of Montreal, with developed transportation and infrastructure, is almost a no-brainer for Canadian and foreign multi-nationals who want access to the larger ROC and North American market. Separatist politics and Rene Levesque didn't cause the exodus, they simply were the last straw that sealed Montreal's fate.
But you have to admit that feeling being abandoned by Anglo-Canada's banking media. Holds some resentment. In the US Midwest and Eastern cities were devastated during the 50s beginnings thru the 60s 70s with the great African-American migration from the southern US. Leading to strife and businesses and White-Flight from whole neighborhoods depressing these cities as also manufacturing left. Downtowns also of major cities lost much too and blight began. Many lost all their retail there too.
But now the Southern cities are rising faster then most Midwest and Northeast cities but NYC in population. But JEALOUSIES ? No. Its a nation in constant change. Heck the number of unskilled Mexican and other Latino illegal immigration. Has lead to more illegal ones then the whole population of Canada.
But Toronto and other cities. Were able to have a steady growth with Toronto by far. Professionals quickly able to immigrate. Maybe US cities should resent Toronto? Especially those where radical racial change and still growing Latino migration north to these cities. Is something Europe only recently experienced in mass entry of North Africans and Syrian refugees. Again Canada may take in many. But it is a huge country too for even a couple hundred thousand.
Seeing other post in reply to yours before mine post. Sure seems others agree LESSENING MONTRÉAL and A WIN FOR TORONTO is MIXED in views.
I'm not boasting, I'm telling you about the real rivalry between the two cities. Also if there ever is a place for boasting Toronto, it's here in the Toronto forum.
Most Canadians or Montrealers are not jealous of or hate Toronto. It's a very small minority in Quebec with separatist leanings who are furious that an anglo city like Toronto has taken the helm as Canada's largest and most important city.
Aside from that there are friendly sibling rivalries among Canadian cities and their citizens as with every other country.
I'm not boasting, I'm telling you about the real rivalry between the two cities. Also if there ever is a place for boasting Toronto, it's here in the Toronto forum.
Most Canadians or Montrealers are not jealous of or hate Toronto. It's a very small minority in Quebec with separatist leanings who are furious that an anglo city like Toronto has taken the helm as Canada's largest and most important city.
Aside from that there are friendly sibling rivalries among Canadian cities and their citizens as with every other country.
Glad you clarified that. Then it's merely like a Dallas and Houston type of friendly rivalry. Great
But still Toronto wins on ALL fronts?
That probably would never have happened even without separatism. Quebec and francophones have always been proud of the French language. That alone would have precluded Montreal from becoming Canada's premier city. Afterall, Montreal is in a predominantly anglophone country/continent and any kind of barrier - whether it be cultural or language - would be seen as a barrier to business mobility, and large multinational corporations would automatically see that as an added operational cost (e.g. I worked for a multinational tech company that had to maintain a relatively large staff of English/French translators in their Montreal office in order to comply with French language laws, as all company communications had to be bilingual - that wouldn't be an issue outside of Quebec). A city like Toronto, only 250 miles west of Montreal, with developed transportation and infrastructure, is almost a no-brainer for Canadian and foreign multi-nationals who want access to the larger ROC and North American market. Separatist politics and Rene Levesque didn't cause the exodus, they simply were the last straw that sealed Montreal's fate.
Without separatism, Canada would be defined more by both French and English, not English only with the exception of Quebec as it is now. Without separatism, Quebec would hold onto its culture and Canada would be more unique and known around the world with having French as its primary language (and English in the rest of Canada as well). Having a city with a different language as the nation's main city would have been much better. It's not like if Bill 101 didn't happen, people in Quebec would stop speaking French. Yes there would be more English, but the french language and Quebecois culture would always be there.
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I surely see nothing Vancouverites (is this a word LOL) have to be jealous of Toronto for at all. They have the milder weather and majestic scenery. 
