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 […]
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 […]