When it comes to real estate investment, it’s challenging to choose the right development to place your investments. In Toronto, this has become increasingly difficult with the boom in preconstruction developments, and new condominium and housing developments opening every day. Many of these projects were developed with great care. They included the necessary infrastructure such as park space and ample retail space, and even outdoor patios to allow residents to interact with nature and neighbours. But there are also many that do not provide these benefits. The question is: How do you make the right choice? The key to making the right choice is due diligence — examining the assets a development has versus what you can realistically expect, along with how easy it is to use the assets. The failure of this type of development can be extremely costly to both investors and taxpayers. It’s no wonder many cities have chosen to mandate the inclusion of mandatory “green” infrastructure in new developments. The lack of green infrastructure in many new developments in Toronto can have both positive and negative impacts on our environment. Green infrastructure, for example, includes a host of items such as: permeable paving, tree planting, community gardens, rain gardens and naturalized areas. These types of infrastructure can help mitigate flooding, improve water quality and reduce the impact of storm water on the ground. Green infrastructure improves the quality of life of those who use the site, and makes our surroundings more vibrant, accessible and beautiful. But green infrastructure comes at a cost. In the case of flooding, not all green infrastructure is created equal.
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