Mortgage Application

Earlier this month, the Government of Canada and City of Toronto announced a $2.7 billion partnership that will advance 18 housing projects, which will together deliver over 5,600 new rental homes. Construction is set to begin on approximately 4,500 of those units by year’s end.

“In Toronto, thousands of new homes have already been planned, permitted, and approved, but lack the financing to begin construction,” said Prime Minister Mark Carney in a press release on August 5.

A new mixed-use development is now under construction in Vancouver’s Downtown Eastside, thanks in large part to funding and contributions from four different governments in conjunction with those from several other parties.

The project is set for 315 Main Street (also known as 172 East Cordova Street), a corner lot located at the southwest corner of the intersection of Main Street and East Cordova Street.

Medallion Corporation has broken ground on The Foundry District, a mixed-use rental community planned for a 23-acre former industrial site in downtown Oshawa.

For 85 years, the land was home to the Fittings Factory, a cast-iron works that employed hundreds of Oshawa residents. The plant closed in 1987, and the site has sat vacant for nearly four decades since.

With their two-tower Landmark On Robson project now complete, Asia Standard Americas — the North American subsidiary of publicly-traded Hong Kong-based developer Asia Standard International Group — now appears ready to add a third tower to the street.

Landmark On Robson — a 34-storey tower and a 32-storey tower with a total of 237 strata units — is located at 1400 Robson Street, making up the entire block between Nicola Street and Broughton Street in the West End of Vancouver.