Public transit is a hot topic in Toronto these days, with gridlocked highways, packed buses, and over-capacity subways constantly grabbing headlines. On the positive side of things, the city is currently undergoing the largest transit expansion initiative in North America, with six new higher order transit lines either under construction or in the planning stages; a comprehensive expansion of regional…

A proposed development on vacant space at the 7 Vanauley Street location of the YMCA has the potential to bring 31 new housing units for a vulnerable demographic to Toronto. The existing two-storey Wagner Green YMCA building, located in the Alexandra Park neighbourhood, would have a new six-storey building attached to it on a portion of the site currently used as parking and green…

This is an UrbanToronto industry update sharing information and status updates from around the industry as a means to keep our readers in the loop. We are covering updates related to rules, regulations, and changes that are being made as a result of the pandemic that impact the real estate and building industries in Toronto.  In today’s report: Project Alliance Agreement Finalized…

The BoC just confirmed that it will soon begin to raise its policy rate. The key questions for variable-rate mortgage borrowers are: How fast and by how much? The Bank of Canada (BoC) held its policy rate steady last week, and that will keep our variable mortgage rates at their current levels for a little longer. There was widespread speculation…

Another month of Toronto city-building, transportation, and real estate talk is now behind us, so we are looking back at what were the hottest stories, project Database files, and Forum discussions from January, 2022.  Our Top Ten News Stories We start off our top 10 news stories with #22, a fresh proposal submitted by Diamante for the Bay Street terminus…

It may be time to change the real estate mantra of ‘location, location, location,’ to ‘money, money, money.’ It’s clear to everyone, whether you are struggling to save for a down payment to become a homeowner in Toronto’s insane real estate market, constructing a condominium tower, or facilitating the recent sale of Royal Bank Plaza at Bay and Front Street…

Where the Mimico Creek meets Lake Ontario in Etobicoke’s Humber Bay Shores neighbourhood, an artificial headland extends parks out into Humber Bay and provides enough protection from that waves that the creek has become a rink. UrbanToronto Forum contributor 67Cup caught people enjoying some time on the ice a couple weeks ago. Skating on the Mimico Creek in Humber Bay…

New listings in a high potential area of east-end Toronto fuel an even bigger vision. When real estate investor Albert Shoihet recently approached the team at Realosophy Realty about selling off a lucrative portfolio of east downtown Toronto homes, his motivation for selling was very surprising – even to a group of seasoned brokers and agents. Shoihet had acquired two…