PLE 535 Lecture Notes - Lecture 8: Yorkville, Toronto, Disinvestment, Social Polarization
28 Nov 2017
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Document Summary
The transformation of a working class or vacant area of central city into a middle class residential and/or commercial use. The production of space for progressively more affluent users. As gentrification occurs, it removed the lowest priced housing from a market so that the loss of inexpensive housing escalates and the number of displaced people increases. First wave gentrification started in the 1950s. Reinvestment in disinvested properties (green lining allowing loans to be taken in the neighborhood to improve) Stage model (4 stages: stage 1: pioneers (young professional, stage 4: maturing gentrification (business/management cliental living there white collar jobs) Expansion: gentrification anchored and stabilized, spreads to other disinvested areas; down urban hierarchy. Resistance: opposition to displacement, ex: tomkins square park resisted gentrification for a long time. So much money was going towards the suburbs and leaving disinvestment in the city. Post-recession gentrification: diffusion into remote areas, marginalization of resistance, corporatized gentrification.
