Photo Credit: CTV
All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in Toronto: Condos are still in demand, a meth lab in Liberty Village and a former strip club is slated to become a boutique hotel.
Elsewhere: Maybe Canada needs more housing, not less, millenials are finding it hard to live and work in the United States and the Dutch housing market is on the road to recovery.
Condo demand in Toronto remains high, analysts find (Toronto Star)
Though that paper doesn’t mention condos specifically, Tal expanded on the subject in an interview. “I think that the condo market is misunderstood; I think that people count cranes and they say, ‘This is crazy,’” he said. “This is a market clearly with a lot of supply, but the demand is there, too … I do believe that new immigrants can add to this demand, and it’s definitely happening.”
Streetcar Developments, the firm that owns the property, will face City Hall’s Committee of Adjustment Wednesday in a bid to gain approval for sweeping renovations that would more than double the site’s floor space.
Vince Molinaro just got back from a trip to British Columbia, where he and about 40 other builders and developers from Ontario went with a mission: to find out how the province built and marketed its mid-rise wood sector.
The great Toronto rebuild (The Star)
This renovation and rebuilding boom is fuelled by what James McKellar, director of the real estate and infrastructure program at York University’s Schulich School of Business, calls “a major structural shift in the consumer market for housing."
Finding Better Uses for Toronto’s Public Laneways (The Torontoist)
The Laneway Project wants Toronto to follow the leads of such cities as Melbourne, Chicago, and Vancouver, where laneways are filling up with cafes, small businesses, and shops, and turning into pedestrian areas full of greenery. “We want to think of laneways as another level of public space, and one that can be utilized in more and more interesting ways,” Keast says.