Quote:
Originally Posted by dc_denizen
It’s like you can’t accept the idea that vast capital flows from outside your country constitutes the major driver of tower construction , and instead argue that this fact derives from your assumed moral superiority vs your southern neighbors
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Investor-driven development (both foreign but mostly domestic) hasn't
not spurred any high-rise development; but developers in Canadian cities have also been building vast quantities of market rate residential high-rises for decades - long since before foreign investment was a factor (I believe the 60s still hold the record for high-rise construction in Toronto).
However much money might flow in, it's not as if China is dictating land use policies in Canada. It
is in big part a cultural thing. If zoning in Dallas were more permissive in building high-rises and more restrictive in building SFH it'd be building just as many towers as Toronto.