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Greater Toronto

Renters seeing more options as Canada's apartment vacancy rate rises to 3.1% Government-backed programs aimed at expanding housing options accelerate the construction of purpose-built rental units.

CoStar Insight

Multifamily valuations face structural limitsHigher capitalization rates at the upper end of the market are expected to compound pricing pressure on premium assets already facing rental declines.

Bank of Canada holds rates steady as property pros seek resumption of cutsOvernight rate will be kept at 2.25% in time of economic uncertainty.

CoStar Insight

Toronto's office leasing recovery may spur investment activityYear-to-date office sales are the lowest since the pandemic, but a recent major deal and improving leasing trends could signal a turning of the tide.

CoStar Insight

Toronto's retail investment outlook turns less optimistic due to macroeconomic factorsThe property sales slowdown reflects market dynamics and shifting investor priorities.

Municipal development charges cited as significant cost for buildersThe fees vary widely across the country and can represent a large share of the cost of new residences, a Canada Mortgage and Housing Corp. found.

Costco to expand Business Centre concept across countryThe United States retail giant is opening its fifth location of the new concept geared toward the business community in Ontario.

CoStar Insight

Why the housing correction won’t trigger a banking crisisProactive mortgage strategies are helping to cushion the economy.

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Architect Frank Gehry remembered for buildings ‘that elevated the human spirit’Canadian-born designer was in demand worldwide.

Pinnacle's SkyTower becomes Canada’s tallest buildingThe mixed-use high-rise in downtown Toronto has topped 100 floors.

Snapshots

This architectural prescription targets North America's 'epidemic of loneliness'Perkins & Will group packs pools, library and more into its community center designs.

CoStar Insight

Toronto’s office recovery isn’t one size fits allA softening in demand appears to be ending, but a full recovery still looks far from assured.

Office construction falls to its lowest level in a decadeWhile the reduced new supply should lower office vacancy, any return to equilibrium is likely to take years.

Hundreds of The Beer Store outlets face potential last call across OntarioThe looming expiration of a deal to keep 300 stores open signals changes for the province's retail property market.

WeWork's Toronto expansion reflects firm's gradual national recoveryThe global flexible office provider now is "in a stabilization phase,” its top executive in Canada said.

Morguard CEO's daughter takes over North American property investment firmAngela Sahi assumes duties from K. Rai Sahi in planned succession.

Carney's first proposed budget tweaks capital gains, foreign property buyer rulesA homebuilding association said it is 'deeply disappointed and concerned' with the plan's response to Canada's housing crisis.

Design & Construction

Architectural stars appear on the skyline of Canada's largest cityToronto reaches "certain level of global reach and ambition," with the new work of designers from the United States, United Kingdom, Canada and beyond.

Colliers posts revenue jump as engineering expansion drives growthThe Toronto-based firm is taking a guarded outlook for the year during an uneven capital markets recovery.

CoStar Insight

Uncertain trade outlook prompts revision of property-level forecasts for CanadaThe CoStar analysis sees most property types, aside from offices, remaining well-positioned over the long term due to structural supply constraints.

A World Series commercial real estate showdownLA and Toronto markets square off in a property matchup.

CoStar Insight

Party may be coming to an end for retailThe property type faces headwinds nationally as macroeconomic clouds gather.

Design & Construction

Architect Frank Gehry's vision for hometown tower comes to lifeThe Forma residential high-rise is the designer's first major project in Toronto.

CoStar Insight

Slowing population growth affecting demand for rental housing, retail salesThe overall population is expected to begin declining by year-end under government mandates to reduce the number of non-permanent residents.

Construction workers union, major investor create $800 million building fundFiera, Canadian District of the United Brotherhood of Carpenters and Joiners are launching an investment initiative.

CoStar Insight

Bank of Canada cuts policy interest rate by quarter-point to 2.5%Guidance provided by the Central Bank suggests the rate-cutting cycle may not be that deep.

Google executive describes challenges in picking sites for massive data facilitiesThe size and scope of the tech giant’s projects are sometimes difficult for cities to comprehend, Nate Regan said.

CoStar Insight

Industrial market remains resilient despite threat from higher tariffsA larger focus on logistics and distribution is sustaining demand.

US logistics, data storage giants spend big on separate building sites near TorontoPrologis and Equinix each buys a development parcel with plans to build new projects on them.

Toronto and Montreal's new housing numbers race in opposite directionsThe Toronto region saw multifamily construction starts slip by 71% in July, while Montreal's totals rose by 241%.

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