However, that aside, I don't think the GP is suggesting rezoning office towers in a downtown core such that they get torn down and replaced with equally-dense condo towers. I think the much more common use-case that everyone wants to see, is taking the land on which sits e.g. an abandoned mall, or a disused business park, or something else that's not already surrounded by hard-to-work-around density; rezoning that land to mixed-use commercial+residential; and then selling the land to a property developer (who then incurs the costs of infrastructure building) to blow it away and replace it with a "village" of midrises + shopping laid out for walkability.
Or, alternately, we can approach things from the other angle: upzone light SFH-only residential, into mixed-use medium-density residential + commercial. I.e. tell property developers that they're free to buy up stretches of homes and plop down 5+1 apartment buildings with shops on the ground floor; and also allow anyone living in a home in the area to run a corner store, bistro, dance studio, hair salon, or other (non-industrial) businesses they like out of their house, with no need to apply for a zoning permit.
In short: why try to cram more people into downtown, when you can instead spread out the benefits of living downtown?