Tuesday, 30 September 2025

How to create more cool-ass streets

Cities used to be adept at creating fine-grained, walkable, mixed-use streets. In fact, if you look at old photos, you'll see it was the norm. But that has become increasingly difficult for a variety of reasons, ranging from parking and servicing requirements to overall suburbanization and chain retailers demanding certain spaces. Today, in many parts of the world, these kinds of streets are by far the exception rather than the rule. What hasn't changed, however, is our appreciation for human...  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

How to create more cool-ass streets

Brandon Donnelly

Cities used to be adept at creating fine-grained, walkable, mixed-use streets. In fact, if you look at old photos, you'll see it was the norm. But that has become increasingly difficult for a variety of reasons, ranging from parking and servicing requirements to overall suburbanization and chain retailers demanding certain spaces. Today, in many parts of the world, these kinds of streets are by far the exception rather than the rule.

What hasn't changed, however, is our appreciation for human-scaled spaces. This raises the question: How can we create more of them going forward? How might we make more Ossington Avenues? This is especially relevant as many cities look to intensify their existing neighborhoods. More housing is essential, but there are also broader city-building opportunities that can come along with it.

The first thing to keep in mind is that developers will always have a bias toward what is most profitable and what has the least amount of risk. So if a residential apartment at grade is going to be more profitable than a cute coffee shop, developers will build the apartment. But markets and areas do change, and sometimes what didn't make sense before makes sense today.

Let's, for example, return to our discussion of Ossington Avenue. At the intersection of Ossington and Halton, there is a stacked townhouse development that was built just prior to Ossington becoming the cool-ass street that it is today. One of the ways you can tell its vintage, I think, is that it has no retail fronting onto Ossington. Instead, it has townhouse balconies that are likely to remain there until the end of time. If it were built today, I bet you that the developer would have built ground-floor retail.

But you can't really blame the developer. At the time, it likely didn't make economic sense to build retail. Few could have predicted Ossington would become what it is today. And it is this messiness and unpredictability that makes cities so great. But it's also what makes top-down planning difficult. Nobody can predict the future, and nobody knows exactly what the market will want.

As far as I know, a bunch of people didn't sit down in a boardroom and outline how they were going to transform Ossington through top-down planning. It was local change agents who started doing things. And once they had found what the market wanted, it was the people in boardrooms who reacted with, "This is too successful; we better put in place a moratorium on bars and restaurants."

What made Ossington successful was that it had the right "bones" and the ability to be transformed. It allowed for bottom-up change. And if there's one thing to take away from this post, it's that. If we want a chance at creating more Ossingtons, we should be focused on (1) creating the right preconditions in new developments and in our land-use policies, and then (2) getting out of the way through fewer rules and more flexibility.

A good land-use model to consider is that of Japan. By default, most zones are mixed-use and most low-rise residential zones allow "small shops and offices." Because, why not? Of course, not every street can be an Ossington, and not every street can support fine-grained retail. But we won't know exactly what's possible unless we allow our street frontages to evolve along with our cities.



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2010 El Camino Real Office 2350

Santa Clara, CA 95050

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Monday, 29 September 2025

Where to Next? Discover This Week’s Knycx Journeying Travel Treasures

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Ready to fuel your wanderlust? This week, we’re bringing you fresh travel inspiration—from hidden gems and cultural treasures to practical tips that make every trip unforgettable.

Explore our latest post and uncover destinations that spark your curiosity and ignite your next adventure.

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Bali: The Best New Instagrammable Cafes Guide Map

Healthy food, tasty coffee, a laid-back vibe, and friendly staff... Bali has an exciting cafe scene and this ultimate guide tell you about where to go.Continue reading

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Bali: The Best New Instagrammable Cafes Guide Map
12 Important Sacred Sites to Explore in Central and South Bali

12 Important Sacred Sites to Explore in Central and South Bali

Bali is a spiritual island and it's like a sponge that soaks up a rich a unique culture. Here are the best 12 sites you should see in Central and Southern Bali.Continue reading

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Globizen joins the Swimmable Cities alliance

It was a beautiful weekend in Toronto. Yesterday, I cycled another 50 km for Bike for Brain Health. So as far as I'm concerned, it's still summer. And one of the themes for this summer — at least on this blog — is the urban swimming movement. Here's a post I wrote saying that Toronto could use a (stronger) summer bathing culture. And here's a post I wrote called The urban swimming renaissance. In that last post, I also mentioned that Globizen had applied to be a signatory to the Swimmable Cit...  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

Globizen joins the Swimmable Cities alliance

Brandon Donnelly

It was a beautiful weekend in Toronto. Yesterday, I cycled another 50 km for Bike for Brain Health. So as far as I'm concerned, it's still summer. And one of the themes for this summer — at least on this blog — is the urban swimming movement. Here's a post I wrote saying that Toronto could use a (stronger) summer bathing culture. And here's a post I wrote called The urban swimming renaissance.

In that last post, I also mentioned that Globizen had applied to be a signatory to the Swimmable Cities alliance. Well, now it's official. We were admitted in the last round and now join nearly 200 organizations, spanning 100 cities and towns in 34 countries. Other signatories include the City of Paris, the Great Lakes & St. Lawrence Cities Initiative, Sid Lee Architecture (MontrΓ©al), Gehl Studio (Copenhagen), and many others. (The full list can be found here.)

As a city-building group focused on creating better places, it only made sense for Globizen to join this alliance. It's clear that the urban swimming movement is gaining momentum around the world — and pretty soon, we believe it will be the norm. Cities that don't adhere to these principles will be left behind.

Logo: Swimmable Cities



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Web3 writing & publishing

2010 El Camino Real Office 2350

Santa Clara, CA 95050

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Sunday, 28 September 2025

You don't need a car to live in NYC

Here's further evidence that New York City is unlike any other city in the US. According to survey data from the US Census Bureau (via Bloomberg), New York is the only city in the US where the majority of households do not have a car, van, or truck. As of 2024, the figure was 56.7%. Also noteworthy is the fact that the next two cities on the list — Jersey City and Union City — are just across the Hudson River. So they are highly connected to New York both geographically and economically. The ...  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

You don't need a car to live in NYC

Brandon Donnelly

Here's further evidence that New York City is unlike any other city in the US. According to survey data from the US Census Bureau (via Bloomberg), New York is the only city in the US where the majority of households do not have a car, van, or truck. As of 2024, the figure was 56.7%.

Also noteworthy is the fact that the next two cities on the list — Jersey City and Union City — are just across the Hudson River. So they are highly connected to New York both geographically and economically.

The above chart also includes the median household income for each city. Income is a factor when it comes to car ownership, but I don't think it's the strongest predictor. Some of the highest zero-vehicle cities on this list also have some of the highest median incomes — places like DC, San Francisco, and Cambridge.

The strongest predictor is built form. Once again, urban density, transit access, and a mix of uses are how you give people the option of not driving.



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2010 El Camino Real Office 2350

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Saturday, 27 September 2025

Now is the time for contrarianism, not conformity

Recently, a few people have asked me about whether now is a good time to buy and/or invest in real estate in Toronto. Now obviously this is a general question and a thoughtful answer depends on the asset class, your strategy, and a myriad of other possible factors, but one of the things I've noticed is that many people are trying to be incredibly precise in determining an answer to this question right now. They'll talk about how much prices have come down, whether the Bank of Canada is going ...  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

Now is the time for contrarianism, not conformity

Brandon Donnelly

Recently, a few people have asked me about whether now is a good time to buy and/or invest in real estate in Toronto. Now obviously this is a general question and a thoughtful answer depends on the asset class, your strategy, and a myriad of other possible factors, but one of the things I've noticed is that many people are trying to be incredibly precise in determining an answer to this question right now.

They'll talk about how much prices have come down, whether the Bank of Canada is going to lower interest rates again this fall (which seems probable), and then question whether it may be more optimal to buy in, say, 4-6 months versus now. It is, of course, always beneficial to be analytical, precise, and thoughtful about risk when evaluating major financial decisions, but I find it interesting just how perfect people are trying to be about timing.

It's interesting because when things were exuberant, the amount of worry over optimal conditions was clearly less. More people just believed in the market, believed in Toronto, and believed that immigrants would continue to move here at a high rate. It felt right. Greed ruled over fear. But as these market cycles go, the opposite is true today. Fear is the more dominant emotion. Many people are scared about making a bad decision, which is expected, but arguably ironic at the same time.

It's expected because it is harder to make what feels like a high-conviction bet when the market is moving in the opposite direction, things are uncertain, and there are few people to follow. But it's ironic in that it's significantly easier to find value today than 3-4 years ago. The best opportunities exist where other capital is not flowing, and a lot less capital is flowing into Toronto real estate these days.

The one caution — and as a reminder, nothing in this post should be viewed as any sort of investment advice — is that just because an asset is cheaper than it was before, it doesn't mean you've found great value. Many assets are cheap because they deserve to be cheap. Be mindful of this risk. The trick is finding high-quality undervalued assets that the market may one day recognize at their true value.

In my view, it's an unnecessary distraction to worry about whether market conditions might become incrementally more ideal in the future. One, because it's pretty much impossible to time a market. And two, because down markets are a much more productive time to feel FOMO. So what might it mean in practice to not be a timer of markets?

I like how Howard Marks once put it (though keep in mind he is not a real estate guy). He described it in the following way. On the upside, it means he doesn't sell in expectation of a market decline. He might sell an asset because he thinks the investment case has deteriorated or because he's found something better, but he doesn't sell just because he thinks a crash is coming. He continues to play the long game.

He also argues that selling at the bottom is easily worse than buying at the top of a market. The reason being that the former locks in your losses and takes you out of the game, whereas in the latter case, you can just wait until the market rebounds. The next top is usually higher than the last. (The lesson for highly-levered assets like real estate is to be careful with leverage.)

On the downside, it means he doesn't say, "it's cheap today, but it'll be cheaper in six months, so we'll wait." If it's cheap, he buys. And if it gets cheaper, he buys more (assuming his thesis holds). That's not possible if you're just looking for a single home and aren't able to dollar-cost-average across multiple assets, but it doesn't change the fact that timing a market is essentially impossible and that a fearful market should be viewed as a feature, not as a bug that paralyzes decision making.

As Marks has written, "in extreme times, the secret to making money lies in contrarianism, not conformity."



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Web3 writing & publishing

2010 El Camino Real Office 2350

Santa Clara, CA 95050

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Friday, 26 September 2025

Build Toronto advocates for congestion pricing

Back in the spring, I wrote about a platform called Build Canada. More recently, this same group launched their first "city project" called Build Toronto (which is not to be confused with the city corporation that ultimately became CreateTO). Similar to Build Canada, they publish regular memos and advocate for policies and projects that will help build Canada's largest city. Their most recent memo is by the CEO of A2X, Jamie McDonald, and it covers a topic that we discuss a lot on this blog: ...  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

Build Toronto advocates for congestion pricing

Brandon Donnelly

Back in the spring, I wrote about a platform called Build Canada. More recently, this same group launched their first "city project" called Build Toronto (which is not to be confused with the city corporation that ultimately became CreateTO). Similar to Build Canada, they publish regular memos and advocate for policies and projects that will help build Canada's largest city.

Their most recent memo is by the CEO of A2X, Jamie McDonald, and it covers a topic that we discuss a lot on this blog: congestion pricing. Jamie talks about the drag that congestion has on the region's economy (upwards of $45 billion every year?), the numerous successes we can point to from around the world, and then lays out the following proposal:

  • Create a downtown congestion pricing zone

  • Introduce dynamic highway pricing across the GTA

  • Guarantee fairness and predictable exemptions

  • Invest in alternatives before launch

This is the way. And it remains deeply disappointing that we don't have the political leadership to move this forward. Instead, we sit in traffic. But after a decade of writing about it, I think I've said about all I can say about the virtues of congestion pricing. We absolutely know it works. Now we just need to spread the word and continue to apply pressure. I'm glad that groups like Build Toronto are helping to do exactly that.



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2010 El Camino Real Office 2350

Santa Clara, CA 95050

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The case for elevated rail

There is a school of thought that elevated rail is bad, or at least suboptimal, for cities. The thinking is that it's a visual blight, i...