Abstract
ABSTRACT:This article analyzes the evolution and spatial dynamics of condominium development in Toronto, the largest housing market in Canada and the site of a rapid take-up of condominium tenure and construction over the last 40 years. The article probes the most influential policies that fostered and regulated condominium growth, and explores the implications for the continued restructuring of the city. A host of factors, including neoliberal state policies, have played a decisive role in fostering what we term condo-ism, referring to an emerging nexus of economic development, finance, and consumption sector interests that have coalesced around condominium construction and culture. Policies have redirected growth to the urban core, channeled capital investments and young residents, and promoted gentrification, ultimately transforming the character of Toronto’s central business district. The article explores these changes, and discusses their implications for contemporary emerging forms of capitalist urbanization and restructuring of the city.
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