UrbanToronto industry updates share relevant news, events, and changes that impact the real estate and building industries in Toronto. 

In today's update: REMAX's 2023 Canadian Real Estate Report offers insights on the trends that defined the market across Canada's largest cities in Q1 of 2023, citing how both retail and industrial markets are thriving while the office sector continues to struggle; the City of Toronto announced yesterday that the majority of all approved CafeTO curb lane patios will be substantially completed this week, kick starting what is sure to be a vibrant summer for pedestrians; bidding wars are on the rise in many different neighbourhoods across Toronto aa the limited housing supply persists, but some neighbourhoods are still seeing homes sold below asking, you just need to know where to look; and other news. 

Commercial real estate in Toronto thriving on the shoulders of retail and industrial space, image by UT Forum contributor RyanD

REMAX Publishes 2023 Canadian Commercial Real Estate Report (REMAX)

CaféTO curb lane café installations will be substantially complete this week (City of Toronto)

Want to Avoid a Bidding War? Try These Toronto Neighbourhoods (Wahi)

Converting office space to residential housing (Bloomberg)

Toronto City Council Approves ZBA for 880 Eastern Ave (TAS)

Toronto City Council appoints new Deputy City Managers for Development & Growth Services and Infrastructure Services (City of Toronto)

INK Entertainment, in collaboration with Dream, announces the opening of its newest restaurant, Daphne (Dream Unlimited)

Toronto City Council approves next steps for long-term waste management plan (City of Toronto)

The Latest Rate Hike and How Much You Need to Live in Canada’s Urban Centres (Wahi)

MABELLEarts breaks ground on Canada’s first park designed by and for a low-income community, with historic neighbourhood celebration featuring Little Amal parade. (MABELLEarts)

Toronto City Council approves new bikeways to connect and renew safe cycling routes across the city (City of Toronto)

RESCON Publishes June Newsletter (RESCON)

Architectural icon Frank Gehry joins development group to celebrate start of construction at Forma, Toronto’s most anticipated condominium residence (Great Gulf)

City Council courts Pickleball with expansion projects across Toronto (City of Toronto)

Alterra and Robert Cooper, CEO, Appoint Stuart Wilson as new Company President (Alterra Group of Companies)