POLS 3900 Chapter Notes - Chapter 5: Subprime Mortgage Crisis
29 Jan 2018
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Castles in toronto"s sky: condo-ism as urban transformation. A shift from an industrial form of capitalism to a form of capitalism based on urbanization, giving primacy to the production and consumption of urban space as the most important dynamic through which social relations are produced and reproduced. Largest housing market in canada is the city of toronto. Thesis- in this article we explore the growth of condominium tenure in the city of toronto, both historically and spatially, and shed light on the importance of condominiums for understanding toronto"s development trajectory. Condominiums started appearing in toronto in the very late 1960s, after the introduction of the. Condominium act in the province of ontario in 1968. Three major waves of condominium development can be identified: the first round of condo development was characterized by rapid growth in the early. 1970s, followed by a slow decline in the wake of the stagflation of the late 1970s and the recession of the early 1980s.
