Housing
Will I be able to afford to live here?
Stephen Holyday questions multiplex-driven densification, warning investor-driven multi-dwelling conversions will change neighbourhood
- In the 2022 interview on the city's housing plan, Holyday argued basement-apartment uptake was low despite existing density rights.
- He said multiplex conversions would more likely be bought up by investors or businesses than by typical residents, changing neighbourhood character.
Show their words & sourceHide (reported remarks)
“You have to look at who you'd think would buy these properties and create multiple dwellings in one place; and I would theorize that it's not going to be your typical resident — it may be more along the lines of investors or business. And that will drastically change the character of the neighbourhoods.”
Source: 'Throttling Development': Experts React to Tory's Toronto Housing Plan · December 13, 2022
Confidence:High