It may not be a glorious sight, but the sight shows a bright future: Right now, Toronto has the most construction cranes in North America - which indicates massive development. Toronto has an estimated 97 active construction cranes as of July 2018, according to the recent Rider Levett Bucknall Index (RLB Crane Index). This means the city has more than double the number of cranes of Chicago, four times as many as San Francisco and about five times as many cranes as New York City. In fact,... [read more]

BUH-BYE TO THE ONTARIO MUNICIPAL BOARD. HOW WILL IT AFFECT THE MARKET? Sarah Niedoba, BuzzBuzzNews Image courtesty of: Carlos Osorio After years of controversy, Ontario's quasi-judicial development proposal appeal body has called it quits. Whether or not that's a good thing for the Ontario housing market depends on who you ask.  On April 3rd, the Ontario Municipal Board (OMB) officially became the Local Planning Appeal Tribunal (LPAT), a transition that will bring a... [read more]

PEOPLE ARE FURIOUS AFTER MASSIVE VAUGHAN CONDO PROJECT CANCELLED Lauren O'Neil, blogTO Image courtesty of: Liberty Development Corp. Some 1,100 condo investors were stunned and crushed last week to find out that the pre-construction units they'd already purchased would never actually come to be. Cosmos Condos, a high-profile residential development near the TTC's new Vaughan Metropolitan Centre Station, was scheduled to be completed by 2020 with move-in dates starting... [read more]

TORONTO IS CURRENTLY BEING SWEPT UP BY MEGA DEVELOPMENTS Lauren O'Neil, blogTO Image courtesty of: Wynford Green via Diamond Corp. Nowhere is the rapid pace of Toronto's growth more obvious than in blueprints for future developments.  Within five years, Toronto is expected to see dozens of new master-planned communities built around the city by powerful consortiums of architects, developers and urban planners. The construction of condo buildings is something... [read more]