Cities
Real Estate News
First-Time Buyers Are Bringing On Bidding Wars And Closing In On $1M Listings
Toronto agents say first-time buyers are flooding into open houses and dominating offer nights, which is something they haven’t seen happen since the Bank of Canada began to turn up the heat on interest rates.
Mar 18, 2024
Development Projects
Still No Completion Date For The One As SKYGRiD Takes Over Construction
A weeks-long transition culminated this week in SKYGRiD fully taking over construction of The One.
Policy
Vancouver Approves Motion To Explore Building Co-Op Housing On City-Owned Land
The motion calling for Vancouver to explore ways to build more co-op housing on City-owned land was introduced by Councillor Sarah Kirby-Yung.
Real Estate News
Broadway Plan Numbers Are A Matter Of Nuance, And Debate
As of the start of this month, 36 applications to rezone properties within the Broadway Plan had been submitted to the City of Vancouver, but some say the actual number of planned developments is much higher.
Insider: Rate Cuts A Must For Housing Supply (And They Can’t Come Soon Enough)
The data shows it is completely plausible — and possible — to serve tens of thousands of new housing units into the market in the coming months, just by lowering rates.
Development Projects
Junction Rental Plans Scrapped As Site Listed For $11.75M
The owners of 2978-2988 Dundas Street West, located on the northwest corner of Dundas and Pacific Avenue, brought the property onto the market late last week.
Development Projects
Leaside Condo Proposal Lands On The City’s Desk Once Again
A proposed 46-storey tower stands to bring more than 400 new condo units to Leaside — pending the City’s cooperation, of course.
Renting
Affordable Rental Lottery Opens For Toronto's Galleria On The Park
Renters will be chosen at random through a lottery system for Galleria on the Park's 135 affordable units, with rent prices starting at $1,589.
Development Projects
Revised Midtown Condo Proposal Asks For 38 Storeys On Yonge
This is the latest in a series of amendments to Y&S Condos: a luxury-forward office and condo development coming up near Yonge and Eglinton, which first hit the City's desk some seven years ago.
Industry
Westbank Sells Majority Stake In Deloitte Summit In Third Recent Restructuring
Westbank is also selling an ownership interest in their 19 Duncan project in Toronto to Allied Properties REIT, after restructuring ownership on the TELUS Sky tower in Calgary last month.
Development Projects
Inside Vancouver's Vienna House Project And Vienna's Vancouver House Project
The Vienna House project in Vancouver is now under construction, while Vienna, Austria will see a "twin" project built called Vancouver House.
Development Projects
Leading By Example: ‘Missing-Middle’ Pilot Project Moves Forward In The Beaches
The missing middle typically refers to buildings that have a higher density than a single-family house and a lower density than a mid-rise building
Development Projects
Graywood Revises Plans for Sleek High Rise At Yonge And St. Clair
The proposal builds on an original proposition for a 35-storey high-rise that has since been increased to serve the growing demand in the area and to follow the city’s goal of reaching 285,000 new housing units by the year 2031.
Development Projects
Toronto Developer Seeks Commercial Exemption In 64-Storey ‘Hospital Row’ Proposal
Against the backdrop of an uncertain office landscape in Toronto, a developer is trying to better answer the call of what the city needs and wants.
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