Toronto : Highrise and Urban Development News

[Northern Light]

I think a bit of clarity on the this Chicago/Toronto population vs area thing is in order.

Chicago (City):

Population: 2, 695, 000

Area: 606 sq km

Toronto (City)

Population: 2,720,000 (source: Province of Ontario, 2010)

Area: 636 sq km

****

Chicago Metro

Population: 9,400,000

Area: 28,000 sq km (note this includes farms, rural areas, and if were square would represent an area of 167km x 167km) Anyone who has been to Chicago knows it is nowhere near that big, this is just a census taking area, centred on Chicago.

There is a slightly smaller 'urban' area, still over 5,000km sq, which no local would ever call 'Chicago' and boasts about 8,400,000

Toronto Metro *

Population: 7,000,000

Area: 5,000sq km. (Toronto, Peel, Oakville, South York Region, Pickering, Ajax)

** note how small the land area is

For a fairer comparison to Chicago, use the Greater Golden Horseshoe.

This would include St. Kitts to Bomanville, and the Lake to Barrie.

(more or less the maximum commuting distances to Toronto)

This creates an area of 33,000 sq km, the population of which is in the range of 8,800,000 currently.

[caltrane74]

That is some cool information..

[Tony]

indeed!

[caltrane74]

This type of information would cause weeks of arguing on the main threads back in the day.

Funny enough I think that group of old Chicago forumers has probably resigned themselves to the fact Toronto will overtake Chicago eventually.

[Innsertnamehere]

Originally Posted by caltrane74

This type of information would cause weeks of arguing on the main threads back in the day.

Funny enough I think that group of old Chicago forumers has probably resigned themselves to the fact Toronto will overtake Chicago eventually.

especially when it comes to downtown core population. ours is skyrocketing, and has already surpassed them, while theirs is actually decreasing! i can see us surpassing them in overall metro population around 2030 or 2040 at both cities current rates.

[dennis1]

Originally Posted by Northern Light

I think a bit of clarity on the this Chicago/Toronto population vs area thing is in order.

Chicago (City):

Population: 2, 695, 000

Area: 606 sq km

Toronto (City)

Population: 2,720,000 (source: Province of Ontario, 2010)

Area: 636 sq km

****

Chicago Metro

Population: 9,400,000

Area: 28,000 sq km (note this includes farms, rural areas, and if were square would represent an area of 167km x 167km) Anyone who has been to Chicago knows it is nowhere near that big, this is just a census taking area, centred on Chicago.

There is a slightly smaller 'urban' area, still over 5,000km sq, which no local would ever call 'Chicago' and boasts about 8,400,000

Toronto Metro *

Population: 7,000,000

Area: 5,000sq km. (Toronto, Peel, Oakville, South York Region, Pickering, Ajax)

** note how small the land area is

For a fairer comparison to Chicago, use the Greater Golden Horseshoe.

This would include St. Kitts to Bomanville, and the Lake to Barrie.

(more or less the maximum commuting distances to Toronto)

This creates an area of 33,000 sq km, the population of which is in the range of 8,800,000 currently.

Use the GTA vs GGH

7,124.15 km2 (2,750.6 sq mi)

We don't claim Hamilton but we do get Clarington

[caltrane74]

Toronto is just one small step away from being a true megacity in every sense of the Word.

The government has us past 10 million people in less than 20 years.

[caltrane74]

Some insight into RIOCAN's plans for Sheppard Centre as they close of the financing for their end of the project.

http://www.law360.com/realestate/art...heppard-centre

[caltrane74]

The Huffington Post

• Condo Madness
• CN Tower was once the tallest tower in Toronto
• 100 Storeys now "doable" in Toronto
• Skyline forever changing
• Price concerns at Highend of the market
• Ritz reduced final unit to $728/per foot to sell it
• 10 York development soon to be released
• Toronto dominates North American Highrise construction

Read Here:
http://www.huffingtonpost.ca/brennan...b_1126700.html

[caltrane74]

Cadillac Fairview wants to put two giant illuminated signs on the TD Centre Complex!

Read the Storey here:

http://torontoist.com/2011/12/propos...s-hit-a-nerve/

[caltrane74]

• BuzzBuzzHome says the Toronto Condo Market is epic and mind-blowing.
• Bank of Canada says Toronto Condo Market is due for correction
• industry insiders say the moving average for new inventory is at historic lows
• Unable to track the amount of Foriegn Ownership in Toronto Market
• Toronto on pace for record condo sales
• Existing units selling at all time highs
• Toronto seen as a financial safe haven amidst the global financial crisis


Read the storey here:
http://m.theglobeandmail.com/report-...service=mobile

[Travis007]

http://www.insidetoronto.com/news/lo...hes-next-level

Lawrence Heights project reaches next level

FANNIE SUNSHINE|Dec 09, 2011 - 7:30 AM

With the revitalization of Lawrence Heights now one step closer to reality, the time has come to implement the "framework of that plan," according to project manager Ann-marie Nasr.
"The Secondary Plan is the framework. Now it's time to implement the framework of that plan," she said.

According to Toronto Community Housing, work can now begin on the project's next steps, which will include zoning approvals for Phase 1 and working with the city to secure funding for that phase's public infrastructure. It will also include a study on how to improve Allen Road.

"We will get more into the specifics of what the buildings will actually look like," Nasr said. "It will take a couple of years to get through the process."

Toronto Community Housing plans to invest $350 million in new social housing.

The Secondary Plan for the Lawrence-Allen Revitalization Plan (LARP) reflects several big changes, unveiled at a public open house in October, including a reduced number of units, the elimination of development at the south end of Baycrest Park and Yorkdale Park and the removal of Lawrence Square from the focus area.

Retail will be located on primary streets and the greenway along Allen Road will now be on both sides of the street from just south of Lawrence Avenue to Ranee Avenue. Previously, the greenway was proposed for just the east side of Allen Road. As for traffic concerns, the connection between Lawrence Heights and Lawrence Manor will strictly be cycling/pedestrian paths.

The 20-year redevelopment plan calls for replacing the 1,208 city-owned housing units and adding 4,400 new market-value ones. The project will bring an estimated 16,000 new residents to the area bounded by Hwy. 401, Bathurst Street, Lawrence Avenue and Dufferin Street.

Plans for the mixed-income neighbourhood include trail networks, parks and open space, a community centre and, perhaps most importantly, a connection to other neighbourhoods, which is currently lacking due to the Allen Expressway corridor.

...

Construction of the first buildings could begin in 2014.

[caltrane74]

Toronto Condo Market is a threat to the Canadian Economy

Read the article here:
http://www.forexpros.com/analysis/an...at%2520-108387

[caltrane74]

New plans for redevelopment of the Old Four Seasons Hotel..










Thread Here

http://urbantoronto.ca/news/2011/12/...-redevelopment

[LeftCoaster]

Doesn't look like they plan on doing much to the tower itself.

[alphachap]

[QUOTE=Northern Light;5506544]I think a bit of clarity on the this Chicago/Toronto population vs area thing is in order.

Chicago (City):

Population: 2, 695, 000

Area: 606 sq km

Toronto (City)

Population: 2,720,000 (source: Province of Ontario, 2010)

Area: 636 sq km

****

Chicago Metro

Population: 9,400,000

Area: 28,000 sq km (note this includes farms, rural areas, and if were square would represent an area of 167km x 167km) Anyone who has been to Chicago knows it is nowhere near that big, this is just a census taking area, centred on Chicago.

There is a slightly smaller 'urban' area, still over 5,000km sq, which no local would ever call 'Chicago' and boasts about 8,400,000

Toronto Metro *

Population: 7,000,000

Area: 5,000sq km. (Toronto, Peel, Oakville, South York Region, Pickering, Ajax)
QUOTE]

Note that Chicago's population is now lower than it was 90 years ago:
1920 2,701,705 23.6%
1930 3,376,438 25.0%
1940 3,396,808 0.6%
1950 3,620,962 6.6%
1960 3,550,404 −1.9%
1970 3,366,957 −5.2%
1980 3,005,072 −10.7%
1990 2,783,911 −7.4%
2000 2,893,666 3.9%
2010 2,695,569 −6.8%
http://en.wikipedia.org/wiki/Demographics_of_Chicago

[caltrane74]

Toronto real estate market to remain solid in 2012.

Q & A with the Real Estate Network and Agents

Read the Article here:

http://www.nationalpost.com/m/wp/pos...-estate-bubble

[LeftCoaster]

No one's advise is perfect, but you should never take a real estate agents advise on the state of the overall market. They are somewhat biased to put it lightly.

They would honestly tell you things were great in the middle of a market collapse.

[caltrane74]

They seemed to take very objective views in the interview though.

And said that any raise in interest rates would likely derail this current run we are on.

Still though, you can take it with a grain of salt.

[LeftCoaster]

Absolutely, like I said no one truly knows, I'm just always wary of agents and brokers.

The sun always seems a little brighter from where they are standing.