Development Projects

A Soaring 3-Tower Development Is Headed For Flemingdon Park

The 44-, 47-, and 49-storey project comes from Toronto-based developer Stanford Homes and could bring 1,833 residential units to the North York neighbourhood.

Industry

Midtown Preconstruction Project Hit With Receivership Over $53M Debt

The debts accrued during the planning approvals stage for a 10-storey mixed-use development set for Eglinton Avenue West.

Mortgages

Refinancing 90% Of A Home’s Value Could Lead To "Massive" Debts

On Tuesday, the Government of Canada announced a new insured mortgage refinancing product that is causing some in the real estate industry to scratch their heads.

Development Projects

Revised Plans Filed For 18-Storey Little Portugal Mixed-Use Development

The updated plans from Hullmark would increase the original storey count from 15 to 18, while adding an additional 32 units, among other changes.

Development Projects

UofT's Historic Stewart Building Could Be Gaining 60 Storeys

The proposed plans envision a soaring structure with student residences, residential units, and expanded institutional space.

Renting

Average 2-Bed Rent Could Hit $5,600/Month In Toronto By 2032

The outlook for Toronto rent growth represents an astounding 72% increase compared to 2023 and projects a 26% rent increase to $4,100 by 2027.

Policy

The Chair Of The Planning & Housing Committee On Toronto's Housing Crisis

Following an impromptu speech at last week's Committee meeting from Councillor Gord Perks, some in Toronto's development industry are up in arms over Perks' denial that fees and zoning are playing a role in the City's  housing crisis.

Industry

65% Of Small Toronto Condos Are Owned By Investors

In light of Toronto and Vancouver's condominium conundrum, where prices for shoebox units remain high despite plummeting sales and rising inventory, StatsCan has released data demonstrating the role that investors may play in the issue.

Appointment Notices

Ontario Real Estate And Development Industry Hires And Promotions: September 2024

Notable appointments include TD Bank CEO Bharat Masrani being succeeded by Raymond Chun and Santokh Birj being named SVP and CFO at MCAN Mortgage Corporation.