Other (Canada)

Toronto City Council Waives Development Charges On Sixplexes
Policy

Toronto City Council Waives Development Charges On Sixplexes

The decision follows last month's vote to allow sixplexes as of right in just nine wards, instead of legalizing city-wide sixplexes, as agreed to in the City's Housing Accelerator Fund agreement with the federal government. As a result, millions in annual funding remain on the line.

Industry

Stronger Protection Is Coming For New Home Buyers In Ontario. Here’s How

Here's what industry insiders should know about upcoming changes to Ontario's new home warranty program — and how you can play a role.

Development Projects

Mizrahi To Renegotiate Presale Contracts For Ottawa Project In Restructuring

The 12-storey luxury condo development coming up in Westboro was started back in 2015 and is now in the final stages of construction.

Construction

Governments Are Turning The Corner On Development Fees. Will It Make A Difference?

Various governments across BC and Ontario have shown a strong willingness to tweak their policies around development charges over the past year as developers struggle to move forward with projects.

Retail

Cadillac Fairview "Resolutely Opposed" To Selling HBC Leases To Central Walk

Ruby Liu and her company, Central Walk, have an agreement to take over 25 of Hudson's Bay leases, but is struggling to get approval from the landlords.

Development Projects

Plans Filed For 40- And 45-Storey Residential, Film Studio In Toronto’s Port Lands

Plans from Tepfam Holdings are in keeping with the ongoing efforts to turn the Port Lands neighbourhood of Toronto into a buzzing community and housing hub.

Real Estate News

“Prolonged Downturn”: GTA New Home Sales Down 80% From Historical Norm

​June's weak numbers, with just over 500 new homes sold, come amid what BILD has called "the worst downturn of new home sales in the region on record."

Development Projects

Reserve, Westdale Properties Propose 61 Storeys In Mount Pleasant

Plans from Reserve and Westdale represent the third submission for the site since 2017, and the largest to date, with almost 900 new residential units proposed.

Development Projects

56-Storey Tower Proposed By Minto In Partnership With SickKids

The development would retain the Sick Kids Centre for Community Mental Health while delivering 579 new housing units to the Church-Wellesley neighbourhood.

Economy

Scotiabank, RBC Only Big Banks Not Calling For More Interest Rate Cuts This Year

Canada’s ‘Big Five’ banks are updating their forecast tables ahead of next week’s interest rate announcement, and economists appear to be split on what the rest of the year will bring.

Development Projects

4-Tower Proposal Pushes For New Heights On O'Connor Drive

The development would reach 29 storeys at its tallest point, and deliver a daycare, a new public park, retail space, and 915 rental apartment units to the East York neighbourhood of Toronto.

Mississauga

A Year In, Are Mississauga's Free Garden Suite Plans Spurring Development?

A year after being implemented, Commissioner of Planning and Building at the City of Mississauga Andrew Whittemore discusses the initiative's success and the larger efforts encouraging housing development in the City.