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But, I doubt very much that this will remain one of those 3-storey buildings.
In a matter of weeks, this apartment building was left only with its skeleton. Admittedly, its windows were boarded up for a while, but why demolish the whole thing? Why not just add new windows? These old buildings had very solid structures. Now with record building time, mostly of pre-fabricated walls, standards will be going down as floors keep zooming up.
The condo craze, of which I presume this will be a part, is actually a concerted effort by real estate developers to by pass laws which prevent building on farm land and other vulnerable lands on the rims of Toronto.
Instead, the city is accommodating the increasing population (read here 250,000 immigrants) accepted yearly into the country.
Sprawl upwards has replaced sprawl outwards.