A $72 Billion Utility Merger, And Ontario’s Actual Power Problem Emera and Canadian Utilities are merging into a $72 billion utility with no Ontario footprint and no Ontario approvals required. The Ontario question the headline gestures at was answered in August, on the Environmental Registry, by a proposal that turns grid access into a ministerial […]
The $2 Billion Heat Pump Rebate, Read From An Ontario Rate Sheet Ottawa announced a national heat pump rebate on October 8. In Ontario, where most homes run on cheap natural gas, the operating case fails for the majority of the target market. The part of the announcement that matters to anyone underwriting rental is […]
A Pension Sells Its Seniors Operator, And Ontario Loses Its Data PSP Investments is selling Sunrise Senior Living, operator of nine Ontario communities, in a deal reported above US$1 billion. The more useful story for an Ontario land file is that the demand case has never been stronger and the public data behind it has […]
Canada Is Building Retail at 0.6% of Its Inventory a Year. Toronto Is Building Even Less. The retail pipeline has fallen to 4.9 million square feet, 43% of it in Calgary. Vacancy is 2.3% in the GTA and almost nothing new is coming — while Ontario just posted the largest retail sales decline in the […]
Thin Buffers, Rising Arrears: What the Paycheque Survey Does and Doesn’t Tell You About Ontario Property. A payroll-industry survey is not a housing indicator. But Ontario’s mortgage delinquency rate has passed the national rate for the first time in over a decade, and the Bank of Canada is clear about what drives it next. Urban […]
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 […]
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 […]
141,480 Approved Homes Aren’t Being Built. Stop Pricing Ontario Land on the Approval.
CMHC’s July figures show the approved-but-unstarted backlog rising while actual urban starts fell 19% year over year. Toronto’s starts are at their lowest level since 2009 — below Calgary, Montréal and Vancouver for the first time. Urban Land Group · September 4, 2026 CMHC reported that the national annualized rate of housing starts fell 5% […]