Link

Towers can mask real economic issues

Rob Ford’s ‘cranes in the sky’ line examined by economists.

Article from  CBC  News about Toronto and buildings under construction:

Quoting in part:

“It tells us that there is a lot of speculative investment in real estate in the core,” he said.

‘It’s not necessarily balanced, equitable or sustainable growth.’– Sean Geobey, economist

“I think intensification is overall a positive,” Geobey said, “but it’s not necessarily balanced, equitable or sustainable growth.”

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