CMHC Acknowledges Its Bad Market Forecast

A closer look at some surprising real estate stories this week. BNN’s Greg Bonnel talks to John Pasalis, Move Smartly lead contributor and Realosophy Realty President, about a range of topics: CMHC Evan Siddall’s apology  Evan Siddall, President of the Canadian Mortgage and Housing Corporation (CMHC), recently tweeted an apology for CMHC’s prediction that home prices would fall by as…

Humbold Properties Updates Plans for Office Tower on Adelaide west of Simcoe | UrbanToronto

Another office tower could be coming to Toronto’s Entertainment district. Betting on a return to normal office usage, Humbold Properties have refined their development proposal at 217 Adelaide Street West, issuing updated drawings and specifications for Zoning By-Law Amendment and Site Plan Approval applications. Renderings – views of the proposed development on Adelaide Street W. Images by Adamson Associates Architects. The…

COVID-19: UrbanToronto Updates from the Industry for March 5, 2021 | UrbanToronto

The global COVID-19 pandemic is having far-reaching effects in Toronto, including major impacts on what have been booming real estate and building industries. Many jobs and most events are currently suspended, postponed, or affected in other ways, though UrbanToronto is still operating at full strength with our team working remotely. As a means to keep the public in the loop…

Trolleybus Proposes 15 Storeys on Cosburn east of Broadview | UrbanToronto

A redevelopment is proposed in the Broadview North neighbourhood in the East York area of Toronto on an assembly of properties from 5 through 19 Cosburn Avenue and 8 through 40 Gowan Avenue. Trolleybus Urban Development Inc is seeking a Zoning By-Law Amendment for a 15-storey, 52.5 metre-tall condominium tower that steps down to 8 storeys facing Gowan Avenue. Designed by IBI…

Toronto Area RE Bubble Concerns + Average Home Price Surpasses $1M

In Toronto: It’s bubbling, that much is clear. What’s next for Toronto’s red-hot housing market? Very expensive dilapidated garages.  Elsewhere:  How contradictory views between government regulators fuel Canada’s home prices, how home appraisals contribute to the U.S. race gap, and the allure of Amsterdam.  Toronto Toronto real estate market surges in February, average price surpasses $1 million (Canadian Press) The average…

19 Duncan’s Podium Rising Behind Preserved Heritage Facades | UrbanToronto

Another tower is beginning to rise in Toronto’s Entertainment District, and this one will be taller than any of its neighbours, where until now, the largely uniform heights of the buildings have created what’s referred to as a ‘tabletop’ skyline. Westbank Corp and Allied Properties REIT’s new tower at 19 Duncan Street will rise 58 storeys and a height of 186.5 metres at the southeast corner…

News Roundup for March 5, 2021 | UrbanToronto

City staff recommend opening a big swath of Yonge Street to bike lanes and patios for summer; To pave way for wetland development, Ford government retroactively changing law; After a ‘bloodbath’ of a year, Toronto tourism association looks ahead to recovery; and more news: City staff recommend opening a big swath of Yonge Street to bike lanes and patios for summer (Globe…

What Happens When You Opt Out Of A Land Assembly? – Toronto Realty Blog

If I learned anything from filming this video it’s how great the camera on an iPhone is, not to mention when you connect to ear buds.  The technology has come a long way since my 2011 videos shot on a flip-cam… Nevertheless, the roar of the cars and trucks that made for less-than-perfect audio at this exceptionally-busy intersection merely underscores the…

Colourful Sunset from Tower at Pier 27 | UrbanToronto

A dramatic view of Downtown Toronto is featured in today’s Daily Photo. Captured by Forum contributor Jeff Morgan from a balcony at the Tower at Pier 27 development, this shot faces west over Queens Quay towards a colourful sunset. Looking west from Tower at Pier 27, image by Forum contributor Jeff Morgan Want to see your work featured as Daily Photo? Head over…