You didn't read "Ornament and Crime" by Adolf Loos (1908) at an impressionable age did you, Codovo? I'm as minimalist and modernist as the next guy if we're talking about the Barcelona Pavilion or the Villa Savoye. It just doesn't work on most streetscapes.
I think the visual delight of the older view is in the combination of awnings, signage and architecture, whereas the whole is greater than the sum of its parts. The modern view is bereft of any sense of texture, colour, movement and definitely architectural quality (save for the sadly truncated Confederation Life Building).
To put it in urban planning terms, the older view represents the chaotic vitality of urban life so cherished by Saint Jane. The modern view represents the deadening rationality of contemporary bureaucrats and some [bad] architects.