Abandoned stores, empty homes: why San Francisco's boom looks like a crisis
It&#x27;s a problem all over in many big cities. Toronto is experiencing the same issues. Small businesses are being pushed out. You have a Deli or a Coffee shop that has been there for decades close and some kind of Boutique shop move in since they can afford the 5-10k a month in rent.<p>The trend now is for small shopping plazas or outdoor malls being sold off to developers to build Condo complexes. Complete neighborhoods have no shopping anymore forcing residents to drive instead of walk to get groceries or enjoy a stroll.<p>It doesn&#x27;t help that these cash strapped cities (Toronto) just rubber stamp any new development since the tax haul will be several times what they got for what was there. A 20 story Condo brings in a lot more revenue then a parking lot and strip mall. I won&#x27;t even start about all the green space they are selling off to developers. It&#x27;s out of control.