Only in Toronto, it seems, does it make sense to rip down fully-occupied high-rise buildings to make way for more high-rise towers when most of the city remains covered in low rise housing. Why is this happening? Even though we are in a severe housing crisis, with homeownership only affordable to the most affluent families and average rents for one- and two-bedroom apartments skyrocketing more than 20% in 2022 alone, developers are only able to build much needed multifamily housing in relatively narrow slices of the City.   

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