Today’s post offers five key points from the Bank of Canada’s latest communications surrounding its 0.50% policy-rate hike. Last Wednesday the Bank of Canada (BoC) raised its policy rate by 0.50%, marking its first half-point hike since May 2000. The Bank also stated that inflation is going to be “elevated for longer than we previously thought” and advised Canadians to…
Last week, Deputy Mayor Ana Bailão, Chair of the Planning and Housing Committee, and Deputy Mayor Michael Thompson, Chair of the Economic and Community Development Committee, joined Salma Zahid, Member of Parliament for Scarborough Centre, to celebrate a ground breaking for 57 new supportive and affordable homes which will be built using modular construction at 39 Dundalk Drive in Scarborough. Designed…
Late last week, Deputy Mayor Michael Thompson, Chair of the Economic and Community Development Committee and Councillor Jennifer McKelvie, Chair of the Infrastructure and Environment Committee, broke ground for the new Northeast Scarborough Community Recreation and Child Care Centre. Located south of the Rouge National Urban Park and Toronto Zoo at 8450 Sheppard Avenue East, the new facility will be the City…
One of the joys of living in neighbourhoods like Swansea or Bloor West Village is how ‘walkable’ daily life becomes. Need to grab some fresh produce, juicy cuts at the butcher, a vintage bottle of red, or perhaps some seasonal blooms? All can be covered in less than 250 steps on the ol’ FitBit. Walking through my list of errands…
Construction has progressed substantially at the site of Minto Communities GTA’s condo project at 123 Portland Street in Toronto’s Fashion District. The 14-storey boutique luxury condo designed by Sweeny &Co Architects has been underway on the corner of Portland and Adelaide streets since mid-2020. Since we last checked in on the project, the building has risen about three quarters of its eventual total above grade, not far off from…
Tenant, landlord disputes seeing ‘significant’ backlog at Ontario tribunal; Real estate auctions catching on in Ontario as calls for transparency, end to blind bidding grow; What ‘higher and faster’ Bank of Canada rate hikes could mean for homeowners; and more news. Toronto real estate listings swell, taking the edge off buyers (Globe & Mail) Toronto’s new wealth gap is driven by real estate,…
March 21st, 2006, Twitter CEO Jack Dorsey sent out this Tweet: Somewhat unspectacular, wouldn’t you say? But nearly fourteen years later, in December of 2020, Jack Dorsey created a Non-Fungible Token (NFT) out of this Tweet, which was his first ever on the platform. What the hell does that actually mean? Well, he created a digital file of this Tweet that…
So it’s not exactly an architectural hashtag… but it’s not far off. In this image by UrbanToronto Forum contributor Red Mars, a piece of the textural precast cladding that wraps the University of Toronto’s new Schwartz Reisman Innovation Centre on College Street is being hoisted skywards. Glazing follows at this somewhat pyramidal building designed by New York-based Weiss/Manfredi starchitects. Of course,…
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