Northern Light
Superstar
TBH it is just a matter of time. EGLRT will start impacting flemo within 2-3 years however Thorncliffe Park will be safe for another 7-8 years imo as EGLRT won't impact that area as much, quicker to take 25 to Pape Station. If you are thinking of buying real estate this is the area lol
Many of the TCHC / Coop buildings are in a state of disrepair and will need complete tear down, I am pointing particularly at the townhomes in Flemo (south side of Rochefort).
If current rates are mandated, they can only be done for so long (30 years at most practically speaking). It is a ticking timebomb that Flemo and Thorncliffe communities will be lost forever. Their diversity, culture and the way the community operates will be non existent within 15-20 years. Maybe remnants will remain but what we know it to be today will be quickly forgotten. The largely immigrant population will be forced out farther and farther.
Again I simply disagree.
For one thing, Toronto is majority foreign-born, and this applies across low, lower-middle, middle and upper-middle income demographics ( the uber-rich are less diverse, but Flemo is not becoming the new Rosedale) .
Sure the area will evolve, of course it will, all areas do.
But I don't think it will evolve as much as you expect.