The new Pope being inaugurated today is from Buenos Aires, a city more than twice the size of Toronto, with 13 million inhabitants, and with an unusual status that large cities should be looking at and considering emulating.
Because Buenos Aires, you see, is not a city.
And, despite often being referred to as Argentina’s homage to Paris, it’s not, technically, in Argentina.
Its correct name is Cuidad Autónoma de Buenos Aires, or “The Autonomous City of Buenos Aires.” And although this status was constitutionally formalized in 1994, Buenos Aires was federalized in 1880, more than 130 years ago.
What does this tell us?
That large urban centres are a natural resource, that they need to be treated with the same care and attention as national parks or national historic sites, that they are important and beneficial to their provinces and their countries and that attention (and money) must be paid to them.
Toronto, as Canada’s largest city, is on obvious candidate for some sort of Special Status, as are Montreal and Vancouver.
Ottawa was chosen as Canada’s capital for logistical reasons: Americans were still hopeful that they could unite all of North America into a single entity ruled from Washington, Britain was nervous about defending a Canadian Dominion so rich, but so vast and inhospitable, and Queen Victoria’s emissary, Colonel By, charged with finding the ideal location for the new capital city, found a swampy mess of a site for the new Dominion’s Capital that was not only very distant from the American border and hence American troops, but was topographically inhospitable (it’s hard to advance soldiers through a swamp).
Canada’s Capital City, Ottawa, should have special status.
But so should Canada’s City of Capital, Toronto.
That’s what my 10,000 hours tell me.
Category Archives: Real Estate Marketing
THE PURPOSE OF HOUSING
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Somewhere along the line, a lot of people seem to have forgotten the purpose of housing. It’s to house people. It’s not a get rich quick scheme, it’s not a speculative play, it’s not a portfolio, it’s not an RRSP, … Continue reading
RATE WARS
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With BMO publishing a 2.99% 5 year rate yesterday, pundits are wringing their hands over the prospect of rate wars being waged this spring by the Canadian banks. Mr. Flaherty has immediately waded in with concerns about over-borrowing, (Mr. Flaherty … Continue reading
1989
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I was just asked an interesting question: is the Toronto market today like 1989? Nope. But I thought the answers I gave might be of general interest, and worth repeating. LEVERAGE: “Buyers” in 1989 were buying with little oversight, with … Continue reading
CARDOMINIUMS.
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With the Toronto International Auto Show focusing attention on automobiles again, it seems a good time to take a look at the relationship between cars and condominiums. I love cars, but Toronto’s rapidly accelerating urbanization, mirroring the trends in the … Continue reading
60,000 PHANTOMS
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This is not a blog about an egregiously excessive number of Rolls Royce motorcars. It’s about the 60,000 condominiums units in total which are supposedly “underway” in some fashion in Toronto at the moment, which some observers say are going … Continue reading
FEMALE-FRIENDLY
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Surprise, surprise: women are buying 1/3 of the condos, according to The Globe and Mail! Well, no surprise at all: we’ve know that since 1997, when we launched a small infill project called LaCosta at Eglinton & Bayview in Toronto … Continue reading
RENTAL MATH
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This is going to be short. The Toronto STAR tells us that , according to Canada Mortgage and Housing, rental vacancies in Toronto are even tighter than last year: 1.2% for condos, 1.7% for older rental apartments. In other words, … Continue reading
WYNNER!
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With Kathleen Wynne as the new Premier-Designate, we’ll hopefully see the government at Queen’s Park push the reset button on relations with Toronto. The GTA currently already accommodates 17% of Canada’s entire population, and that percentage will increase over the … Continue reading
BIG DADDY’S EXPRESSWAY
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The Gardiner is falling down: it’s too old, too tired, has carried too many cars and trucks and now, is too decrepit to save. Redevelopment is the lifeblood of derelict neighbourhoods: tear down the old, save anything historic worth saving, … Continue reading