Pros And Cons Of Gentrification

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Gentrification can be defined in several ways. It can focus on the shift of the demographic of an area with regard to the ethnic makeup due to an influx of upper-middle income residents to areas where they had largely been absent. The term could also reflect the change in land prices due to the significant increase in property value and rents, or gentrification could also relate to either a minor change of urban form, which is the repurposing of existing buildings, or a major change, which would be the demolition of existing infrastructure or the intensification of use. For example, in Toronto, developers tear down small buildings to build large rises in order to meet the increasing demand to live downtown because people are less willing to …show more content…

However, gentrification can also be unplanned, which is exemplified in Winnipeg’s Osborne Village. Osborne Village’s average tenant is within the middle-upper income level due to the increase in property taxes and cost of living within the community. This is because the original residents of Osborne Village have been displaced due to the unaffordable increase in property tax, despite the area being their own community. West Broadway in contrast has at least attempted to maintain a semblance of mixed and affordable housing within the neighbourhood in order to stave away gentrification and to preserve the original community.
Though gentrification can be positively perceived as an act to revitalize otherwise distressed neighbourhoods, it is not intended to benefit existing citizens. Due to an increase in employment, higher revenue generated, perceived lower crime rates, and intensification of density, gentrification is seen as beneficial to cities, however it can also displace original residents, lower-income jobs, and perpetuate a fragmentation of community and affordable housing. Gentrification can be avoided through rent control, as well as property tax rebates, limiting condo conversions, as well as inclusionary

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