Toronto’s condo-builders: development approaches and spatial preferences

The City of Toronto has undergone a number of dramatic transformations in the last several decades morphing from an industrial-driven metropolis into a thriving real estate and consumer amenities market. Over these decades, the development of condominiums has significantly transformed Toronto’s cityscape surpassing by far other types of real estate development. Based chiefly on a series of interviews with property developers and local politicians, this article explores development from the perspective of condo developers. The article identifies the key condo developers and categorizes them according to their development approaches and spatial preferences. Findings reiterate the need to consider property developers as highly diverse and flexible place entrepreneurs. Differences play out not merely in preferred development location and size, but also in target population, tenure mix, corporate structure, and the extent to which capitalism and economic gain are mixed with more idealistic motivations such as social benefits.