We have started to see some effects of the US housing slump in Canada this week as GM cut 1,200 jobs in Oshawa due to a drop in sales in the US. The pick-ups trucks manufactured at the plant are no longer in demand in a slumping US construction market. But the impact of US turmoil is being softened by strong job growth in Ontario in August, fuelled largely by our construction boom.
Is Cityplace a suburb within a city? Is it destined to be the next St. James Town? These are just a couple of the questions raised by Ivor Tossell of the Globe and Mail about one of Toronto's most hyped high-density communities-in-the-making.