Today’s post compares the risk of borrowing at five-year fixed rates after their recent dramatic rise to the risk that five-year variable rates will surge even higher. Five-year fixed-mortgage rates continued their rise last week, driven higher by the spiking five-year Government of Canada (GoC) bond yield (which closed at 2.51% on Friday, marking its highest level in more than…

Graywood Developments have submitted a third set of revisions for Official Plan Amendment and Zoning By-law Amendment applications to the City of Toronto for a site in the Church-Wellesley Village. The amendments would allow for the development of a 14-storey, stepped, mixed-use, mostly residential building designed by Diamond Schmitt Architects. The site is located on the west side of Church…

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 relevant news and events, as well as any changes that are being made that impact the real estate and building industries in Toronto.  In today’s report: City of Toronto and partners…

Developing buildings that rely as little as possible on fossil fuels is the next big goal of the development industry. Recently, Minto Communities GTA and Creative Energy broke ground on one of the GTA’s first geo-exchange community energy systems for the North Oak towers located at Dundas Street East and Trafalgar Road in Oakville. The teams got together to commence…

Despite a bright green excavator in the foreground, cranes dominate this shot taken at the CIBC SQUARE Phase 2 site in Downtown Toronto. Included in this image by UrbanToronto Forum contributor drum118 is a mobile crane, its orange boom extended as it hoists parts for a fourth crane at the 50-storey office tower site into place. Cranes dominate the construction…