Three Implementation Deadlines That Change Land Diligence: December 2, January 1, and March 2031. A $1-billion infrastructure stream for municipalities that charge no development charges, a Tribunal clearing more cases than it receives, and the end of the Municipal Class EA. The Tribunal’s own numbers also correct a figure now circulating. Urban Land Group · […]
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 […]
$411 Million for 76 Acres in an Urban Growth Centre, Priced as a Shopping Centre. Primaris is buying Upper Canada Mall from Oxford and CPP Investments at about $415 a square foot, with 70% in-place occupancy and a Hudson’s Bay box to fill. Under it sits a Town-adopted plan for more than 5,000 homes. Urban […]
$18,475 on a $1.1-Million Home: What Scrapping Toronto’s Land Transfer Tax Would and Would Not Do. A mayoral campaign has proposed exempting principal residences from the municipal land transfer tax below the city’s average price. The municipal tax is real money — and the provincial one, which is the same size, stays exactly where it […]
A Major HBC Vacancy Just Cleared — in British Columbia. Scarborough’s 740,657 Feet Are Still Listed. Industrial absorption has turned positive and CoStar forecasts rent growth returning by late 2027. Asking rents have now fallen for eleven straight quarters, and the GTA’s biggest HBC box is being offered divisible from 100,000 square feet. Urban Land […]
The Wrong Number Is Going Viral. The Right One Is That Ontario Lost 152,648 People. A claim that 40% of Canada’s top 1% have moved to the United States implies more people than the entire Canadian-born population living there. Meanwhile Ontario’s population has fallen for three straight quarters — and that is the number that […]
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 […]
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 […]