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Toronto’s five decades of condo growth, mapped - The Globe and Mail

theglobeandmail.com · 1,073 words · saved by 1 readers

It's been 50 years since the emergence of condos began to redefine Toronto development as we know it. Jeff Gray and John Sopinski explore how the city adapted to changing eras in the housing market, and was in turn transformed The Toronto skyline, in the late 1960s, above, and 2010s, below. Condo ownership became a legal option for Torontonians in 1967. MARK BLINCH/REUTERS; JOHN GILLIES/THE GLOBE AND MAIL This article was published more than 8 years ago. Some information may no longer be current. A half-century ago, condominiums were an obscure, novel concept in home ownership. Made legally possible in 1967, the notion of owning a suite, and then paying fees to maintain common areas, was seized on by governments as a solution to a crisis in affordable housing in the late 1960s. It did not work. But 50 years later, while it remains for many the only hope of affordable home ownership in Toronto's red-hot housing market, the tower-of-glass luxury condo has also become a dwelling of choice

Share A half-century ago, condominiums were an obscure, novel concept in home ownership. Made legally possible in 1967, the notion of owning a suite, and then paying fees to maintain common areas, was seized on by governments as a solution to a crisis in affordable housing in the late 1960s. It did not work. But 50 years later, while it remains for many the only hope of affordable home ownership in Toronto's red-hot housing market, the tower-of-glass luxury condo has also become a dwelling of choice for a new more urban generation, radically remaking entire Toronto neighbourhoods in the proces

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