Davpart Proposes 12-Storey Rental Building on Keele North of Wilson | UrbanToronto

Earlier this month, developer Davpart submitted a rezoning application to the City of Toronto seeking permission to build a mid-rise on Keele Street north of Victory Drive in the Downsview area of North York. The redevelopment proposal would bring nearly 300 apartments to the neighbourhood, more than replacing the 54 existing units on site. Pedestrian view looking west across Keele Street, image…

COVID-19: UrbanToronto Updates from the Industry for April 23, 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…

Condo Market Springs Back + Federal Government Banks On Supply

In Toronto: The condo market sales spring back to life while vacancies remain high and is the exodus from the core over?Elsewhere:  The Canadian government says supply not investors the biggest housing issue, how the pandemic has changed where Americans live, and Hong Kong’s rapidly changing real estate scene.  Toronto Toronto’s condo market springs to life with 80% jump in…

New Land Emerges for Ashbridges Bay Treatment Plant Landform Project | UrbanToronto

Toronto’s land area of 630.2 km² has just expanded slightly. Like many times in the city’s history, new land is being created through lake filling, the latest effort being the Ashbridges Bay Treatment Plant (ABTP) Landform Project. Costing almost $98 million, the project is creating a land base for the City of Toronto’s High Rate Treatment Plant, while also serving as part…

East Pointe Condos Coming to West Hill Neighbourhood | UrbanToronto

Toronto’s West Hill neighbourhood is growing, partially fuelled by a growing student population who attend the nearby Centennial College – Morningside Campus and the University of Toronto Scarborough. Among the several new projects coming to the area, Mutual Developments is now kicking marketing into gear for East Pointe Condominiums. Located on Kingston Road just east of Morningside Avenue, the project will bring an urban…

News Roundup for April 23, 2021 | UrbanToronto

What Toronto’s ailing ravines show about the unhealthy future of Canada’s urban wildernesses; Roncy restaurateurs feel ‘left behind’ as they struggle to secure CaféTO patio spaces; Toronto administers over 1 million COVID-19 vaccine doses; and more news: What Toronto’s ailing ravines show about the unhealthy future of Canada’s urban wildernesses (Globe and Mail) Roncy restaurateurs feel ‘left behind’ as they struggle…

Cruel Summer? – Toronto Realty Blog

Do you have any idea how disappointed I was, when Googling “cruel summer lyrics,” to see that somebody stole Bananarama’s song title? You all remember “Cruel Summer” as Bananarama’s 1983 smash hit, and while it only made its way to #8 on the U.K. pop charts, its inclusion in 1984’s Karate Kid, and subsequent rise to #9 on the U.S. pop charts really…

Spring Skyline | UrbanToronto

Though this week brought Toronto a last blast of cold weather, trees and flowers are in bloom across the city as the mercury rises. Today’s Daily Photo, captured by Forum contributor Jasonzed, shows a southwest-facing view of the Downtown skyline surrounded by the budding treetops of low-rise neighbourhoods to the north and east. Toronto skyline, image by Forum contributor Jasonzed…

When Quick Home Flipping Gets the CRA’s Attention

Canadians who buy, renovate and sell homes quickly use the principal residence gain tax exemption to enhance their profits – but there may be limits. An interesting case from the Tax Court of Canada last fall explores the issue of how many times a taxpayer can flip personal residences during a short period of time before the government will tax the profits…