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Ethnic Identity, Place Marketing, and Gentrification in ... - Cities Centre

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<strong>Ethnic</strong> <strong>Identity</strong>, <strong>Place</strong> <strong>Market<strong>in</strong>g</strong>, <strong>and</strong> <strong>Gentrification</strong> <strong>in</strong> Toronto 21thus developed <strong>in</strong> a way that is very different from the other three neighbourhoods. Its commercialstrip was not an organic response to the local community, but rather an accident ofground rent designed to serve a regional community.The Gerrard India Bazaar BIA has been successful at promot<strong>in</strong>g the area as a dest<strong>in</strong>ation forSouth Asians <strong>in</strong> the GTA, <strong>and</strong> <strong>in</strong>creas<strong>in</strong>gly as a dest<strong>in</strong>ation for non-South Asians. 5 It is farfrom clear, however, that these efforts have led to an <strong>in</strong>crease <strong>in</strong> the prices of nearby residentialreal estate, as seen <strong>in</strong> Little Italy <strong>and</strong> Greektown on the Danforth.The larger neighbourhood of South Riverdale (with<strong>in</strong> which Gerrard India Bazaar sits) is beg<strong>in</strong>n<strong>in</strong>gto show unmistakable signs of gentrification - an <strong>in</strong>flux of artists, the construction oftrendy condo projects, <strong>and</strong> attention from the local real estate press - but development is occurr<strong>in</strong>gonly <strong>in</strong> certa<strong>in</strong> pockets. As Table 16 shows, these pockets of development have yetto mean<strong>in</strong>gfully affect aggregate <strong>in</strong>come <strong>and</strong> real estate statistics for the neighbourhood.Overall house values have ranged from 60 to 70 percent of CMA averages dur<strong>in</strong>g the past30 years, <strong>and</strong> rents have fluctuated dramatically between 75 <strong>and</strong> 101 percent of CMA dur<strong>in</strong>gthe same period. Incomes have actually decl<strong>in</strong>ed appreciably dur<strong>in</strong>g the past 30 years.Table 16: Hous<strong>in</strong>g <strong>and</strong> <strong>in</strong>come changes <strong>in</strong> Gerrard India Bazaar, 1971-2001MDVas Mean MGRas Mean MHI asMean Dwell<strong>in</strong>g Percent of Gross Rent Percent of Household Percent ofYear Value (MDV) CMA (MGR) CMA Income (MHI) CMA1971 $21,930 67.7 $114 75.219761981 $68,315 59.8 $268 73.6 21,030 73.11986 $87,663 61.6 $539 101.4 31,821 74.01991 $188,653 67.3 $705 94.4 42,237 71.01996 $156,125 65.5 $649 85.7 40,563 67.52001 $184,181 67.4 $744 85.5 49,650 64.9Source: Canadian Census, 1971-2001Note: Gerrard India Bazaar consists of the follow<strong>in</strong>g census tracts for the purposes of this study: 26 <strong>and</strong> 74.House prices are <strong>in</strong>fluenced by the fairly large portfolio of social hous<strong>in</strong>g the area, but also bythe fact that the neighbourhood is still firmly work<strong>in</strong>g-class <strong>in</strong> its orientation. In short, whilethe classic antecedents to gentrification appear to be emerg<strong>in</strong>g <strong>in</strong> pockets around GerrardIndia Bazaar, it is unclear whether they will germ<strong>in</strong>ate <strong>and</strong> more importantly how (or if) theyare related to the Bazaar's ethnic package.5 Accord<strong>in</strong>g to Hutsul (2004), the decl<strong>in</strong>e of South Asian consumers <strong>and</strong> the <strong>in</strong>crease of non-South Asian consumershas been lamented by some bus<strong>in</strong>ess owners who fear that the neighbourhood's identity will become<strong>in</strong>authentic, comparable to that of Little Italy.<strong>Centre</strong> for Urban <strong>and</strong> Community Studies. University of Toronto. www.urbancentre.utoronto.ca

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