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 […]