City planning is an often misunderstood topic entrenched in the everyday decisions that real estate professionals make. This is because city planning can take years, if not decades and centuries, to complete. Each city planning decision has a profound impact on how cities are shaped and, as a result, how real estate values are influenced.
With the exception of the rudimentary Simcoe Plan created in 1793, the concept of city planning didn't really gain traction until the 1940s. This is one reason that Toronto was such an unorganized mess in the 1900s. There was no plan for growth, no frameworks for transportation, and no guides on how cities should be designed and constructed. Even the streetcar network, which was built between 1870 and 1930, was a result of Toronto becoming a more industrialized manufacturing city and not down to planning policy.
So, the city took shape due to private landowners who created streets and avenues leading up to their buildings (how selfish of them). Of course, if something is left to the private sector, they will create a solution in the most economic and efficient way possible. This is why Toronto is based on a grid network with little greenspace. >> full article
by: Julius Tang - Canadian Real Estate Wealth
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