What's Happening?
Toronto's Downsview Airport, which closed in 2024, is set to be transformed into a $30 billion sustainable urban development known as YZD. This project, led by Northcrest Developments, aims to redefine
modern living by creating a series of new neighborhoods that prioritize walkability, transit connectivity, and sustainable design. The development will include housing, workplaces, cultural venues, and parks, with a focus on environmental sustainability and quality of life.
Why It's Important?
The transformation of Downsview Airport into a sustainable city represents a significant shift in urban development, emphasizing sustainability and quality of life. This project could serve as a model for future urban developments, highlighting the importance of integrating environmental considerations into city planning. The development is expected to create thousands of jobs and housing units, contributing to economic growth and addressing housing shortages. It also underscores the potential for repurposing disused infrastructure to meet modern urban needs.
What's Next?
Construction of the YZD project is set to begin in early 2026, with the first phase, the Hangar District, expected to be completed by 2031. The development will continue over several decades, ultimately housing over 60,000 residents and supporting more than 20,000 jobs. As the project progresses, it will be crucial to monitor its impact on the local economy, housing market, and environmental sustainability. The success of YZD could influence urban development strategies in other cities, promoting sustainable and inclusive growth.
