Well said.

Another element of this is any city's liveability. Vibrant street level life and activity, from restaurants to small stores to music venues are essential to keeping a city thriving. 

In Toronto, wonderful small businesses, from hair stylists to little bistros with character and late night jazz are disappearing-- because of the property tax.

Dead quiet empty streets lined with harsh, cold empty condo lobby entrances do not encourage people to live there.