unrealestate
Active Member
the fact that we have to explain this.. people need to get out more
Toronto U of T: Academic Wood Tower | 77m | 14s | U of T | Patkau
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rdaner
Senior Member
^And to people that won’t go somewhere because there isn’t any parking!
Northern Light
Superstar
I have less of a problem with $7.95 for pastry w/top tier ingredients, or that takes some real cheffing to assemble.
We don't see what the Pear Ricotta cake looked like, but those certainly aren't pricey ingredients.
I will give my my price reference as a slice of Rahier Opera Cake. That's also $7.95 in most places. I consider that a tad stiff, but at least there's some really good work on display there.
If that's the benchmark, you're not pricing a very basic fruit-cheese cake at a penny over $5.95 a portion.
For reference, this is Rahier's Opera Cake:
Source: https://www.pusateris.com/137900-Rahier-Opera (I note Pusteri's would like $9.49 for this piece.... for which I have two words that would get me moderated, LOL)
Traditional dessert layered with coffee caramel buttercream, chocolate ganache, and coffee-soaked almond biscuit.
Northern Light
Superstar
Oh, right, I came here to post a photo update, LOL. Pics taken November 18th, 2024:
isaidso
Senior Member
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isaidso
Senior Member
The issue with $7.95 is that 80% of the population can't justify spending that much on a pastry. We all like nice things but when a good chunk of the population budget $8 (or less) for an entire meal one has to wonder what kind of city we're building. It's great that these things are available but I would rather have a city where people don't have to shop at Dollarama for groceries and/or skip meals to avoid eviction.
I imagine most people on UT have a profession/careers. We lose touch with how the majority of people live. $8 pasty might as well be $100 pastry for them. They'll only ever experience that looking through a shop window,
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Northern Light
Superstar
There is no disagreement that incomes from the median down are too low.
There are market adjustments (fewer temporary workers/less labour supply) as well as higher minimum wages required.
There is certainly far too much poverty in this city, and a variety of social programs are also required.
However, the people in this thread, for the most part, are financially comfortable; and that cost, for a good quality pastry, is not out of line.
*****
I will add, however, addressing supply management cost problems (in the context of pastry, over-priced dairy and eggs) does play some role in prices being higher than they ought to be.
I think you could probably shave $1 per portion quite safely, if not $1.50 were those inputs more reasonably priced.
Retail rents are another key factor in pricing.......but I digress.... this is the thread about the Academic Wood Tower, not the price of pastry....... I take my share of the blame for running w/the tangent, but perhaps we could now return to our regular programming.