W. K. Lis
Superstar
I believe that there will be sufficient demand in the new condos being built in the downtown city core. What we need to improve upon is the infrastructure for people commuting into the city. I am not surprised in the least that the 905 suburbs will/have experienced significant growth over the past decade. It's inevitable that we'd grow out then up. The inflow of people to the city core far outweighs the outflow of people travelling out of the city for work, especially with many large companies having a renewed interest in establishing their mainstay in Toronto versus in the suburbs. Toronto is a fairly transient city and as long as the economy is healthy, which it is for the most part, people will come and situate themselves in both the suburbs and the city core.
Unfortunately, those condos are small, very small. Maybe good for singles or couples, but not families. Unless, sometime in the future, we see people buying two adjoining suites and merging them together to create one larger suite.