With five million square feet of available space across 47 office towers, Canada’s financial capital faces a crush of rising vacancies that could threaten building valuations
The fight over the fate of 230 Sherbourne points to the desperate need to reverse the rampant commodification of housing that has caused so much damage in Canada and internationally. For that to happen, it will be necessary to build a movement among communities under attack that can challenge the power of the developers and confront their political enablers.
Housing advocates gathered outside Toronto Mayor Olivia Chow’s office Thursday afternoon to demand that she meet with them to discuss the city’s commitment to purchasing a prime development site in the downtown east neighbourhood.