The corner of Sheppard Ave W and Keele will soon see more commercial spaces and affordable residential housing options. Recently, the Canada Lands Company (CLC) received approval on its draft plan for Phase 1 of the Arbo project, as part of the massive Downsview Lands development. With this approval, the CLC is one step closer
We previously reported on how Coldplay is set to play at Rogers Stadium in Toronto next summer — the stadium is part of a 30-year master plan for the Downsview Airport Lands, spearheaded by Northcrest Developments. And transformation of the site continues to make progress. Most recently, Canada Lands Company submitted its Downsview West District Plan
Doug Ford’s move to rip out bike lanes in Toronto is the latest in a trend of undermining democracy in Toronto that could set the city back decades, according to experts. One has to wonder if the provincial leader wants to remake Toronto as a car-first suburb unrecognizable from any of the booming bedroom communities
It’s taking longer to sell homes in the GTA. According to new research by digital real estate platform Wahi, in about 86% of GTA neighbourhoods, the time it takes to sell a home has increased compared to the same time last year. The study revealed how the speed of home sales can also vary drastically
A rare opportunity is coming up for those interested in owning one of Toronto’s coveted island homes. The Toronto Islands Residential Community Trust will open its Purchasers’ List on Oct. 1, allowing 27 new names to be added to the waitlist. This list is the only way to legally purchase homes and land leases on
Canada’s largest biomanufacturing facility is objecting to a planned condo development at 1875 Steeles Ave. W. near its Toronto campus. Sanofi Pasteur’s new $800 million vaccine manufacturing facility, spanning approximately 200,000 square feet, opened this past May at 1755 Steeles Ave W. The company produces pediatric and adult vaccines for whooping cough, diphtheria, and tetanus,
A new report from RE/MAX Canada shows that investors and people upgrading/downgrading from homes are driving the increase in detached home-buying activity in about 40 per cent of the GTA’s 905 areas, 80 per cent of Fraser Valley communities, and 70 per cent of Greater Vancouver. Out of all the regions studied, the RE/MAX Hot Pocket
Two acclaimed Toronto builders have joined together to build new condominiums on Sheppard Avenue West in Toronto’s Bathurst Manor neighbourhood, just minutes away from Downsview Park. In June, Almega announced a joint venture with Brixen Developments, to build a 12-storey mixed-use condo and rental-replacement building at 824 Sheppard Ave. W., towering above the neighbourhood. This
A second interest rate cut in as many months hasn’t been enough to heat up the housing market in Toronto just yet, according to a recent report from the Toronto Regional Real Estate Board that saw home sales dip slightly in July compared to June. Home sales in the GTA dropped from 6,213 in June to
A new development application seeks to construct a seven-storey condominium building on a small residential street near the hub of Forest Hill Village. On July 12, Batory Planning + Management submitted a site plan application to the City of Toronto for the redevelopment of properties at 1-19 Thelma Avenue, which is just north of Spadina and
A new community farmers’ market is coming to downtown Toronto this month, but this one’s different from the other markets in that patrons pay what they can. Dixon Hall’s ‘Our Fair Share’ — in collaboration with FoodShare’s Good Food Markets and other food security organizations — is launching a sustainable pay-what-you-choose (PWYC) farmers’ market that
The GTA condo market is in a state of economic lockdown, according to a new report released Thursday by Urbanation with CIBC Economics. The report suggests that prices are too high for investors to buy relative to resale prices, rents and interest rates, while developers can’t lower condo prices due to high development costs. “As
New condo sales are reaching new lows in the Greater Toronto Hamilton Area, according to a new report that found 2024 was the slowest first half of the year for the new condo market since 1997. The statistics from Urbanation showed the new condominium market reported 3,159 sales in the first and second quarter of
With ongoing discussions about affordable housing and relocation trends in Canada, we recently discovered that more Torontonians are leaving the city than moving in (perhaps because Torontonians have to make a certain amount in order to thrive in the city). For those who do decide to stay—over half are eyeing other Canadian cities for cheaper
It turns out the Bank of Canada’s June interest rate cut wasn’t enough to kickstart homebuyer demand in Toronto and across the country this spring — but that doesn’t mean home price growth isn’t in the cards. A new report by Royal LePage on the second quarter housing market found that Toronto saw a slower-than-normal
Affordable housing is one of the top issues facing Toronto residents these days (even leading many residents to look for more reasonable options in other cities), but — at least according to one local BIA — adequate parking spaces are also imperative. As first reported by blogTO, in a letter written to the Toronto East
A new report suggests that Canadians love their neighbourhoods, with the majority (86 per cent) saying they like the quality of life and liveability their hoods offer, and 50 per cent liking it a lot. The RE/MAX 2024 Liveability Report shows that the 10 most liveable neighbourhoods in Canada are mainly nestled across cities in
Over the past few months, the Toronto Parking Authority has been getting more attention than usual. Known as the Green P, the agency manages parking lots, electric charging stations, on-street parking, the city’s bike sharing program and some real estate. The TPA is a unique city agency because of the amount of money it brings
People are leaving Toronto in serious numbers. New data released by Statistics Canada in May shows that every census metropolitan area (CMA) in Ontario lost more residents to other provinces than it attracted between July 1, 2022, and June 30, 2023. Toronto, in particular, lost more residents to other cities during that time frame than
The day after the Bank of Canada cut its overnight rate for the first time in four years, Toronto realtor Mark Savel saw a flurry of interest from potential homebuyers. “I had three listings up — they all saw a spike the next day of showings,” he said. Since then, though, it’s been stagnant. “After
After the Bank of Canada announced a small rate cut in June, bringing the overnight lending rate down to 4.75 per cent from 5 per cent, real estate experts in Toronto geared up for an almost immediate response in the market from would-be buyers who were waiting for that first rate cut to jump in.
Buying a home in Toronto has definitely changed compared to 30 years ago; with housing prices having skyrocketed over the years, you’ll need to do some serious saving to make a dent in that down payment. As prices rise, so do income requirements, and a new report found that in 2024, the minimum annual income
Toronto’s real estate market has only been getting more and more unaffordable — and a new report shows exactly how drastic that lack of affordability is compared to 30 years ago. Over the past three decades, the average price of a home in Toronto has increased by a staggering 205 per cent, massively outpacing the
Elections Canada has confirmed an unprecedented 84 candidates for the ongoing by-election in Toronto–St. Paul’s. To accommodate this unusually high number of candidates, there will be a two-column ballot, a first in the constituency’s electoral history. The adjustment has raised concerns about accessibility, prompting Elections Canada to reassure voters that all regular accessibility tools will
To be honest, most days I feel stuck: I don’t see how Toronto can get out of the hole it is in. A recent staff report advises that the city needs $26 billion over the next 10 years just to keep things in a reasonable state of repair — libraries, housing, fire stations, roads, transit
