Can Toronto survive if its real estate boom goes bust?

This summer, the first residents are expected to move into Cinema Tower, a 44-storey condominium building under construction at Adelaide and John streets.

Adam Vaughan, local city councillor for Ward 20 (Trinity-Spadina), takes pride in the amenities he managed to negotiate on behalf of the city and local residents.

“It has a huge cultural space at grade, it’s got a new park on Adelaide Street and it’s got affordable housing through Habitat for Humanity. It’s got three-bedroom units for families, because families are starting downtown and we’ve got to find ways to retain them,” said Mr. Vaughan, who has made mandates for family-sized condo units a personal crusade.

via Can Toronto survive if its real estate boom goes bust? | Posted Toronto | National Post.