01-25-2017, 09:10 AM
The exemption for newer buildings is not a loophole, it is an admission that rent control in Ontario was artificially restricting the number of new apartment units being built. Before the exemption, our stock of apartment housing was rapidly aging without being replaced by new, because rent control made the economics of new apartment buildings untenable.
If the concern being expressed is that this development should be heavily mixed-use, then I share that. But it is mixed-use...making sure the retail components interact well with King are important details, but details.
If the concern being expressed is that this development should be heavily mixed-use, then I share that. But it is mixed-use...making sure the retail components interact well with King are important details, but details.