Toronto Ontario Line 3 | ?m | ?s

[toronto647]

Long article here. Not sure there is really anything new for those here following the project closely. It discusses the TOC at the end.

Who comes out on top when Thorncliffe Park gets flipped upside down?

The community’s redevelopment may benefit a Greenbelt developer and the company that owns Loblaw — and eventually, the hope is, most local residents

www.thetrillium.ca

Flemo and Thorncliffe will end up gentrifying and whoever lives there now will expect significant rent uptakes making it unaffordable once OL comes in

 

[Steve X]

Flemo and Thorncliffe will end up gentrifying and whoever lives there now will expect significant rent uptakes making it unaffordable once OL comes in

There's nothing much the city can do if immigration keeps growing in the region. Since the government isn't restricting people coming to the GTA, finance stepped in to do the job. Eventually the lowest income figures out they can't live here and move to another city. Affordable housing isn't sustainable if low income families are filling them up faster than they are getting built. Not building any subway lines is not sustainable for the city either. The GTA is already way behind in transit

 

[Allandale25]

Corktown meeting coming up.

Registration link: https://metrolinx.us4.list-manage.c...efa63d1ca424de38bb&id=ee474d0921&e=e31739afaf

 

[warrens]

Flemo and Thorncliffe will end up gentrifying and whoever lives there now will expect significant rent uptakes making it unaffordable once OL comes in

If you want to give yourself a headache, look at the rent differences between Thorncliffe Park and the Crescent Town buildings beside Victoria Park station. The buildings themselves are broadly comparable, but you pay a good $700/month more to be near Line 2.

 

[toronto647]

If you want to give yourself a headache, look at the rent differences between Thorncliffe Park and the Crescent Town buildings beside Victoria Park station. The buildings themselves are broadly comparable, but you pay a good $700/month more to be near Line 2.

Ontario Line would be quicker to downtown / more efficient than line 2. I can only imagine how much more the rent will go up in Thorncliffe / Flemo. Good luck to the current residents.