I live in and love the area deeply, so I'm leery of change, but three storeys along Bloor is absurdly low-density – it's a major street with a subway underneath it! Plus, if we want things to be more affordable, we need to build far more housing supply.
There's three towers-in-the-park just south on Davenport, and the retirement home at Dufferin, but otherwise it's strictly low-rise for blocks and blocks around. I can't see this getting 16 if that rumoured ask is true. Nine seems reasonable, but even that's going to result in much wailing and gnashing of teeth, I'm sure.