Following up on my earlier piece about property speculation in Grandview, it was interesting to read Kerry Gold’s article in the Globe today about property speculation on the west side and her observation that:
Since the province has made it clear that it doesn’t want to intervene to slow speculative buying, there is one move that could be made at the municipal level that could take the pressure off. The city could down-zone single-family neighbourhoods that are in the crosshairs of speculation to disallow the building of houses that are bigger than what already stands. After all, a massive house doesn’t house more people or increase density; it’s not sustainable, it’s usually out of scale, it often replaces a character house and it drives up prices.
This is a lot more useful than listening to developers’ shill Bob Ransford suggest, as he did all morning on Twitter today, that what we are seeing is merely “mythological” and not reality. I’ll continue to believe the evidence of my own eyes.