The 17.3% Permit Drop Is Not a Housing Story Three quarters of July’s decline was non-residential, and Ontario led it with a $1.1 billion fall in institutional permits. Residential fell less than a third of that. On a constant-dollar annual basis permits are down 2.2%. The pipeline’s problem is still conversion, not approval. Urban Land […]
Ottawa Is Opening Pearson to Private Capital. It Already Leased the Land to 2076. The four-airport concession plan announced on September 15 keeps the land federal. At Pearson the Greater Toronto Airports Authority exercised its extension option in December 2024 and holds the ground lease to December 1, 2076. No term, valuation or bidding structure […]
Toronto Started 156 Condo Units. The Backlog Fell 50% Anyway. CMHC’s Fall report puts first-half condominium starts in the City of Toronto at 156 units, against a decade average near 7,000 a year. The permitted-but-unstarted inventory is down half from its 2023 peak — and at 156 starts, almost none of that decline became a […]
Ontario Commercial Real Estate: Rates Hold, Inflation Sticks, and the Land Play Shifts to the Fee Window A September 2026 state-of-market read for Ontario land and development, built entirely on primary sources — Bank of Canada, Statistics Canada, CMHC, and federal/municipal releases. Prepared by Urban Land Group | Monday, September 14, 2026 | Ontario-only THE […]
The OLT Allowed 90% of Development Appeals. The Cost Is the Queue, Not the Odds. Ontario’s Auditor General found the Tribunal let about 90% of the 116 development appeals before it proceed, and that roughly half had settled before adjudication. Active files now stand at 1,860 cases. Appealing is a carry decision before it is […]
Rents Have Fallen for Eleven Quarters. Somebody Just Leased 984,176 Square Feet. LG took nearly a million square feet at 40-foot clear in King City while GTA industrial asking rents fell for an eleventh consecutive quarter. Both are true, and the gap between them is where employment land gets repriced. Urban Land Group · September […]
Rents Have Fallen for Eleven Quarters. Somebody Just Leased 984,176 Square Feet.
LG took nearly a million square feet at 40-foot clear in King City while GTA industrial asking rents fell for an eleventh consecutive quarter. Both are true, and the gap between them is where employment land gets repriced. Urban Land Group · September 10, 2026 On August 24, Nicola Real Estate announced that LG Electronics […]
Higher Tariffs. Higher Material Costs. Lower Toronto Construction Costs. What’s Going On?
Statistics Canada attributes rising metal and steel prices directly to retaliatory tariffs. Toronto residential construction costs still fell 0.8% last quarter — one of only three metropolitan areas to decline. That gap is not good news, and it will not hold. Urban Land Group · September 6, 2026 The Town of Oakville is directing tariff-affected […]
GTA Development Charge ComparisonTitle: Where Is It Cheapest to Build Housing in the GTA?
Hamilton is cheapest for for-sale housing. Mississauga may be cheaper for purpose-built rental. Oakville has opted out entirely — and is letting an incoming council write its next by-law. Urban Land Group · September 2, 2026 Development charges used to be a number you looked up. For the next eighteen months they are a strategy […]
Ontario Just Put a Price on a Development Charge and It Lands on Land Value
Hamilton is being paid $572 million to eliminate residential development charges for three years. Vaughan gets $697.2 million to halve them. The saving is real — the question is who ends up with it. Urban Land Group · September 1, 2026 On August 27, 2026 the Governments of Canada and Ontario announced the first agreements […]