Building maintenance refers to the routine upkeep, repair, and inspection of a property’s systems and structure to preserve functionality, safety, and value.
Why Building Maintenance Matters in Real Estate
In Canadian real estate, building maintenance is essential for property management, tenant satisfaction, and asset longevity.
In condominiums, maintenance is funded through reserve funds and outlined in bylaws. In rental housing, landlords are legally required to maintain livable conditions.
Understanding building maintenance helps owners plan budgets, avoid code violations, and ensure occupant well-being.
Example of Building Maintenance in Action
The property manager schedules quarterly HVAC inspections and exterior pressure washing as part of a proactive building maintenance plan.
The back-end ratio, or debt-to-income ratio, measures the percentage of a borrower’s gross monthly income spent on total monthly debt obligations,. more
Absorption rate analysis is the evaluation of how quickly available properties in a given market are being sold or leased during a specific time period.. more
Sustainability in real estate refers to designing, constructing, and operating properties in ways that minimize environmental impact, support social. more
Toronto-based developer Stafford Homes is partnering with Greybrook Realty Partners to develop a funky new 49-storey, 552-unit condo tower that would sit near Midtown's bustling Eglinton Avenue and Yonge Street intersection.
To facilitate the development, Official Plan Amendment, Zoning By-law Amendment, and Site Plan Approval applications have been filed that seek to rezone the site in favour of more height and density than is presently allowed. Currently, the 19,525-sq.-ft site is occupied by three single- and two semi-detached homes at 29-45 Berwick Avenue.
Just off Yonge Street, the Berwick Avenue site sits steps from Eglinton station on Line 1 and Eglinton Station on the forthcoming Crosstown LRT. As such, the site is located within a Major Transit Hub already home to a diverse range of buildings, including single-family homes all the way up to mid- and high-rise buildings containing residential, office, and commercial uses.
The proposed development would further the intensified development planned for this region of the city, while also delivering a sleek tower that would enhance the visual character of the neighbourhood. Striking renderings from Turner Fleischer Architects reveal a copper-coloured tower with soaring vertical elements that appear to twist above the podium and towards the upper levels, creating a dynamic facade that catches the eye and adds some interest to the skyline.
A series of setbacks add further dimension and allow for various terraces and green roofs moving up the building. At grade, the residential lobby would front onto Berwick Avenue where the main entrance would be sheltered by a covered pick up/drop off lane. Inside, the lobby would be accompanied by a 1,754-sq.-ft indoor amenity area, plus a pet wash station.
41 Berwick Avenue/Turner Fleischer Architects
Moving upwards, additional amenity space would be found on level two, where the first outdoor amenity terrace would span 1,932 sq. ft and connect to a 10,193-sq.-ft indoor amenity space covering the entire floor. The third amenity space is proposed for level five, where a 2,685-sq.-ft terrace would join a 7,204-sq.-ft indoor amenity area.
In total, the building is set to deliver 552 condo units comprised of 360 one-bedrooms, 137 two-bedrooms, and 55 three-bedrooms, with future residents to be provided 55 vehicle parking spaces and 315 bicycle parking spaces.
Stafford and Greybrook's 45 Berwick development would join a number of nearby proposed and approved projects of similar scopes, including the 38-storey under-construction Y&S Condos from Tribute Communities at 2161 Yonge Street, the proposed Canada Square Redevelopment from Oxford Properties Group and CT REIT at 2180 Yonge Street that would reach 65 storeys, and the recently proposed 70-storey development at 120 Eglinton Avenue East from Ruth Reisman Ltd.
While the skyline around Bay and Dundas continues to rise with modern towers, Horizon on Bay remains a downtown mainstay, known for solid construction, expansive layouts, and a prime location in the centre of it all.
And those fundamentals, paired with over $100,000 in stylish, thoughtful upgrades, are on full display at a renovated one-bedroom that just hit the market.
From the moment you enter 633 Bay Street - 903, the home’s open-concept layout makes a lasting impression.
Uniting the bright and airy kitchen, dining, and living areas, the floor plan offers a seamless flow perfect for entertaining or quiet evenings in. Recessed lighting and luxury vinyl plank flooring run throughout, giving the suite a cohesive and polished look.
It’s hard not to be charmed by the kitchen; it’s a true centrepiece that elevates the entire suite.
The Caesarstone island isn’t just visually striking, it anchors the open floor plan with purpose and poise. Combined with custom cabinetry and carefully chosen finishes, this space transforms everyday living into something quietly luxurious.
The suite also offers ample storage, including a coveted walk-in closet, and makes excellent use of its square footage. Situated within a mature, quality-built residence, it delivers comfort, privacy, and peace of mind in the city’s core.
Beyond the unit, Horizon on Bay offers a robust list of amenities including a fitness centre, indoor pool, rooftop deck, and 24-hour concierge. Residents also benefit from unbeatable proximity to the financial district, major hospitals, U of T, TMU, and city icons like the Eaton Centre, St. Lawrence Market, the Entertainment District, and Yorkville.
In short, everything downtown Toronto has to offer is waiting just a few steps away.
A smoke-free, single-family building, Horizon on Bay caters to long-term residents who value connection, convenience, and quality, all of which this suite delivers in spades.
Example of colour-coded RentSafeTO signs/joshmatlow.ca
At its last session, Toronto City Council unanimously approved a motion to introduce a colour-coded rating system for apartment buildings to be incorporated into RentSafeTO. The move is intended to further incentivize landlords to provide safe and clean housing to Toronto tenants and to keep tenants informed, though some say the initiative would shame both landlords and their renters.
The motion, which was put forward by Councillor Josh Matlow (Ward 12 Toronto—St. Paul's) and Mayor Olivia Chow, is based off the City's successful DineSafe program and would see apartment buildings across the city assessed for safety and cleanliness before being issued either a red, yellow, or green sign to display in their front window.
When asked if the program is intended to shame landlords into action, Matlow tells STOREYS, “It's certainly a component of it, but it's not the whole program — it's about holding landlords and the City accountable.”
On the City's account, Matlow says it's time the current RentSafe program, which was launched back in 2017, is improved upon. "I'm proud of initiating [RentSafe], but I will freely admit that it hasn't met the expectations that I had for it, nor many tenants," he says.
Under the new program, which will be fleshed out and phased in between now and July 31, 2026, changes will be made to improve the scoring system and intensify remedial action and fines against landlords who fail to meet health and safety requirements. On the scoring side of things, the motion recommended having a more appropriate weighting of scores based on the risk level of different requirements and training bylaw officers to be more consistent with their assessments.
"Right now, a lot of buildings that are in pretty crappy condition are getting passing grades by the city because they're ticking off a lot of boxes, except for the main problems that they're having," says Matlow. "You could get a passing grade if the elevators work, if the lobby is clean, et cetera — all these aesthetic things — but you may still have rats and you could still get a passing grade. I want to flip that upside down so that now, rather than giving landlords passing grades for doing the very basics that everyone should expect them to do, we actually focus on the violation itself and then address that violation and get it fixed."
In addition to reforming the scoring system, Matlow wants the City to provide more accountability to ensure remedial action is used when necessary. Under the current program, bylaw enforcement officers can make the call to have serious safety and sanitary issues fixed and landlords charged for the services after the fact, in cases where the landlord refuses to voluntarily resolve the issue. But while it used to be more common, the City has rarely used remedial action in recent years.
In a complimentary motion adopted by Council in May, Matlow asked that an annual report be provided that would include outcomes achieved by enforcement officers in cases where "Priority One" violations were reported. This includes things like loss of vital services, mould, and pests. The idea is to set up a system where the City's expectation is that bylaw enforcement use remedial action more often by providing more accountability measures.
During the last session, Matlow also moved for the adoption of Administrative Monetary Penalties, which would allow the City to levy higher fines for infractions and transfer ticketing authority from the Province to the City, as is done for speeding and traffic violations.
Of course, the most flashy change will be the implementation of the colour-coded signs themselves — a development that Varun Sriskanda, landlord advocate and Board Member at Small Ownership Landlords of Ontario (SOLO), is wary of.
"Any opportunity the City can take to shame and attack small landlords and housing providers they will take, and this is just another opportunity," he tells STOREYS. "[...] What are you hoping to gain by shaming landlords and also shaming the tenants that live in those buildings that can't afford to move from a building with a red card into a building with a green card?"
Matlow says he's heard the 'shame' argument but disagrees with it. "The only people who have suggested that there's stigma are the landlords. [...] The stigma that tenants feel, isn't from having a red sign in the window of the building. The stigma that they feel is because they have rats in their building or mold in their apartment or their appliances haven't been fixed for years," says Matlow. "I've heard from tenants who told me that they're so ashamed of their home that they don't even want to invite family or friends over because they're in such horrible conditions and no one's done anything about it."
According to Matlow, the City also conducted a survey that found 81% of tenants in Toronto support the colour-coded RentSafe signs, and that "without exception" all of the tenant advocacy groups were in favour of the motion. Sriskanda says these groups are "advancing their own political goals" and lamented the fact that SOLO, which represents over 23,000 housing units in Ontario, wasn't consulted.
Sriskanda also points out that it won't be new buildings receiving red signs, it will be largely older building stock where rents are lower. He posits that many people who live in these buildings or who are apartment hunting in these buildings wont gain anything from the signs as they often have no where else to go anyways.
"If you see a red card at the front of a restaurant, you're not going to eat there, right? You're going to go somewhere else. But that's because you can afford to go somewhere else," he says. "But if you're going shopping for a rental unit, no, it doesn't help. [...] There's a ton of people in desperate, desperate need of housing [...] So you'll take anything, right? You're not going to be deterred by that red card. If it's affordable, they'll take it because it's a roof over their head."
Zooming out, Sriskanda questions the need for the revised program at all. "Many of the issues that would get you a red card [...] are already dealt with at the provincial level," he says, adding that the reform is needed on that level, not municipally.
"We need improvements at the Landlord Tenant Board [LTB) at the provincial level, because if you have a tenant now that has maintenance concerns with their landlord, they might wait up to one year. [...] If you had landlords that were brought to hearings within 30 days every time there was a maintenance concern at one of their units, landlords would be on top of repairs."
But rather than rely solely on the long backed-up Provincial LTB, Matlow, Chow, and supporting councillors see the reforms to the RentSafe program as a way for the City take more accountability at the municipal level by upping the ante for landlords with intensified remedial action, a better scoring system, and, yes, a touch of shame.
Tucked away on a serene cul-de-sac in Richmond Hill’s Limerick Point enclave, 29 Limerick Street is a rare and refined example of modern residential design — the kind of property that turns heads (and slows scrolls).
Purchased from the builder in 2023, this stunning abode backs onto a protected ravine and is only minutes to Lake Wilcox, offering not only peace and privacy, but an immersive connection to nature, all without compromising even a fraction of luxury.
Spanning three storeys and more than 4,700 sq. ft, the home feels both expansive and warmly tailored, in large part due to its $270K+ in bespoke upgrades. From floor-to-ceiling windows and solid 7-inch oak hardwood, to elegant millwork and solid core doors throughout, no detail here has been overlooked.
The main level boasts 10-foot ceilings and an open-concept layout made for entertaining. A striking gas fireplace anchors the great room, which flows effortlessly into a chef-worthy kitchen fitted with quartz countertops, floor-to-ceiling custom cabinetry, and an elite suite of Wolf and Sub-Zero appliances — including a warming drawer for the host who thinks of everything. The spacious island invites connection, while a walk-out to the yard blurs the lines between indoors and out.
Upstairs, nine-foot ceilings add grandeur to the four large bedrooms, each complete with its own thoughtful design elements. The primary suite is a true retreat: it features an incredible forest and lake view, fireplace, dual custom walk-in closets, and a spa-worthy five-piece ensuite with heated floors, a soaker tub, and an oversized glass shower.
Downstairs, the lower level is bright and beautifully finished with wide above-grade windows, a four-piece bath, a cold cellar, and generous storage — equally suitable for a playroom, home gym, or guest quarters. A three-car tandem garage and parking for four more round out the home’s thoughtful practicality.
It’s rare for a newly built home to feel as warm and well-integrated as 29 Limerick. While many luxury builds opt for volume over character, this residence shines for its masterful blend of scale and intention. Every inch feels considered, every view framed with care. The fact that it backs onto protected green space and water only heightens the sense that this home was designed not just to impress, but to endure.
Located just minutes from Lake Wilcox, area schools, and key commuter routes, this home is perfectly poised between urban access and tranquil living within a calming and peaceful oasis — a balance rarely struck so well.
Monday marks the August 4 Civic Holiday, and for the luckier among us, that means a long weekend. It also means that access to certain services and businesses may out of the norm. In particular, all banks, government services, and libraries will be closed.
That being said, most shopping centres, grocery stores, and pharmacies will remain open, and most major attractions will be open to the public as well, so there will be plenty of options for weekend entertainment. In any case, it's always a good idea to check with individual stores and attractions for their hours.
The City of Toronto is also advising that the August Civic Holiday is not a designated fireworks day, so those who wish to set off fireworks on their properties are required to obtain a permit. More information can be found on the City’s website.
Tucked into a tree-lined pocket of Toronto’s Swansea neighbourhood, 44A Morningside Avenue brings a crisp, contemporary presence to a quiet corner lot.
Spanning nearly 2,800 sq. ft of total living space, this custom home — recently snapped up from the market — is designed with both luxury and functionality in mind.
The property opens with a solid oak front door — a signal of the attention to detail that continues throughout — and flows into a spacious, open-concept main floor layered with engineered hardwood, LED lighting, and elegant architectural lines.
The kitchen is a sleek yet inviting hub, centred around a large island with an integrated double sink and designer fixtures. High-end stainless steel appliances and ample storage space make it as practical as it is stylish.
The dining area is framed by generous window light, while the adjoining living room centres on a gas fireplace, built-in shelving, and a full glass wall that opens to the rear deck — creating a seamless extension into the outdoors.
Upstairs, three bedrooms balance space and privacy. One offers a walk-in closet and private ensuite, while the other two share access to a thoughtfully designed semi-ensuite bathroom. A standout design touch: one of the bedrooms features a glass wall that adds architectural interest and natural light without compromising function.
The third floor is reserved for the primary suite — a full-level retreat that exudes spa-like serenity. Anchored by a private fireplace and walkout terrace, the suite includes a generous walk-in closet and a luxurious five-piece bath with double vanities, a freestanding tub, bidet toilet, and a large glass shower. A dedicated washer-dryer closet on this floor adds further convenience.
The third-floor primary suite is a total sanctuary — not just for its spa-like ensuite and private terrace, but for the sense of elevation and retreat it brings to everyday life.
Below, the finished basement serves as a multifunctional zone with a large media room, full bathroom, dedicated laundry room with quartz countertops, and direct access to the built-in garage — currently outfitted as a gym, but adaptable as needed. A separate storage area off the garage offers easy solutions for bikes, sports gear, or even a full fitness setup.
The professionally landscaped exterior and fenced rear garden make for low-maintenance outdoor living, while the side-entry garage adds to the practicality of this well-considered home.
With a flexible floor plan, refined finishes, and family-friendly proportions, this Swansea address hits a rare sweet spot: upscale, urban, and lavishly livable. It’s safe to say this spot’s lucky buyer scored a perfect 10.
Clockwise from top left: Joseph Feldman, Alyssala Framboise, Hugh Clark, Kathy Kadziela, Khan Tran, Leanne Dufault
As anyone who subscribes to our weekly newsletter will know, STOREYS loves to plug the hires, promotions, and even retirements related to real estate and development in Ontario — and monthly, we also put out a rundown of everyone we highlighted in July.
Notable moves from last month include Joseph Feldman, who has been named President of Camrost Felcorp, and former TAS executives Hugh Clark and Khan Tran, who have joined the City of Toronto and Capital Developments, respectively, in executive roles.
Development:
Joseph Feldman has been named President and COO of Camrost Felcorp, and former President David Feldman will stay on as Chairman and CEO.
Khan Tran has joined Capital Developments Executive VP of Investments after seven years with TAS.
Alyssa Laframboise has been promoted to Associate Director of Development Finance at Dream.
Christine Chea has joined Osmington Gerofsky Development Corp as Director of Planning and Development after three years at Mattamy Homes.
Michael Duff has been promoted to VP of Development and Planning at Pure Industrial, and Stephen Tam has been appointed VP of Finance after four years at Dream.
Lindsay Ward has been promoted to VP at Dunsire Developments.
Calvin Younger has been named Board Chair of Ravelin Properties REIT, replacing George Armoyan, who will continue to serve as a member of the Board.
Diana Girgis has joined Lanterra Developments as VP of Sales & Marketing.
Brokerages:
Leanne Dufault has joined Colliers as AVP in its Toronto West office.
Kaleb Aberle has joined CBRE Capital Team as an Associate.
Clockwise from top centre: Jaclyn Murphy, Century Group, Kieran McConnell, Krystal Kaju, Barrett Sprowson, Anthem Properties. / LinkedIn
Although several notable real estate companies in Metro Vancouver have had to make the difficult decision to let staff go in recent months, citing the extensive and ongoing downturn of the market, many others are still carrying on and July had no shortage of hires and promotions.
Big developers such as Anthem Properties and Century Group each made several hires or promotions, as did companies like Creative Energy and Warrington PCI.
Here are all the people who changed jobs or received promotions last month.
Development
Neil Martin has joined Astria Properties as Head of Retail Investments.
Ian Duke has joined Aquilini Group as EVP, after 14 years at Westbank.
Barrett Sprowson has been promoted to SVP of Residential at Peterson.
Jaclyn Murphy has been promoted to VP of Asset Management at Low Tide Properties.
Joanne Shao has been promoted to VP of Real Estate Development at Century Group.
Vanessa Isler has been promoted to VP of Real Estate Engagement, Marketing, & Sales at Century Group.
Stefan Melnyk has been promoted to VP of BlueCity Construction, a Century Group subsidiary.
Chase Melnychyn has joined Anthem Properties as VP of Real Estate Finance.
Dané Va has been promoted to Director of Sales at Anthem Properties.
Samantha Mills has been promoted to Senior Manager of Sales at Anthem Properties.
Amin Sameni has joined Bosa Properties as Manager of Operations & Enablement.
Miguel Peralta has been promoted to Brand Manager & Marketing Coordinator at Tera Development.
Peter Campion has joined Beedie as a Senior Property Manager, after 14 years at Westbank.
Aaron Grover has been promoted to Senior Analyst of Acquisitions at Porte Communities.
Robyn Alexander has joined Third Space Properties as a Development Coordinator.
Government and Planning
Christine Boyle has been appointed Minister of Housing and Municipal Affairs.
Ravi Kahlon has been appointed Minister of Jobs and Economic Growth.
Sameena Tisdall has joined the Fairmont Pacific Rim as Director of Business Development, after over three years at the Shangri-La Vancouver.
Kaden Kim has been promoted to Design Manager at Kalesnikoff.
Sign up for our newsletters for weekly updates on hirings, promotions, and job vacancies. To spotlight a new hire or an open position that needs to be filled, email: advertising@storeys.com.