Core Development Group Proposes Rental at Queen East and Leslie | UrbanToronto

A mid-rise, mixed-use, mostly residential rental building could replace vacant industrial buildings at 1233 Queen Street East and Leslie Street in the Toronto neighbourhood of Leslieville. Core Development Group has submitted OPA, ZBA and SPA applications to the City for a proposed development that knits into the largely low-scale residential built fabric of the area. The brick-clad corner structure features step-backs,…

News Roundup for March 30, 2022 | UrbanToronto

A growing and risky trend in pre-construction purchases is raising red flags; GO Transit bringing back 30-minute or better service on Lakeshore East and Lakeshore West lines; Ontario to hike tax on foreign homebuyers while expanding it province wide; and more news. Ontario to hike tax on foreign homebuyers while expanding it province wide (CP24) Ford, Tory officially break ground on new Ontario…

A Tale of Two Chimneys | UrbanToronto

There are pair of chimneys, or smokestacks if you’d rather, in this recent image by UrbanToronto Forum contributor jsmith77, but it’s really the new development in the West Don Lands — new places to live, work, and play on cleaned-up former industrial land — that dominates the view. Looking east across Toronto’s Distillery District to the West Don Lands and Port…

Are Higher Fixed Mortgage Rates Here to Stay?

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 Tweaks Plans for Site in the Church-Wellesley Village | UrbanToronto

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…

UrbanToronto Updates from the Industry for March 29, 2022 | UrbanToronto

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…

Drilling Begins at Minto Communities’ Oakvillage Development | UrbanToronto

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…

News Roundup for March 29, 2022 | UrbanToronto

Debate must focus on deeply affordable housing, not the middle class; Brookfield agrees to buy Hibernia REIT for $1.2 billion; Toronto-area rents soar 11 per cent in February; and more news. Ontario to make select highway speed increases to 110 km/h permanent (CP24) Toronto-area rents soar 11 per cent in February (Toronto Star) Everything you need to know about Toronto’s real estate market…

Counting Cranes | UrbanToronto

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…