Toronto Star
The Lakeview lands in Mississauga have officially been sold to developers for $275 million in the latest step toward the transformation of the city's waterfront. The 177-acre site, formerly a provincial coal-fired generating station, will be transformed into a sustainable, mixed-use residential community by Lakeview Community Partners, a consortium that includes Argo Development, TACC Construction, Branthaven Homes, Greenpark Group and CCI Development Group, according to a press release from provincial agency, Ontario Power Generation (OPG). Sixty-seven acres of land will be remediated and transferred to the city of Mississauga as part of the deal. READ MORE
Mississauga.com
Coun. Nando Iannicca's vision to build Mississauga's own version of "Central Park" in Cooksville is inching closer to reality. The City of Mississauga has purchased three properties in the targeted area, east of Hurontario Street, between Dundas and the Queensway. Acquisition of the properties is the start of a lengthy process that will allow the city to create an additional 25 acres of green space in the densely populated core. READ MORE
Mortgage Broker News
Housing policies can, and will, affect the economy – TREB The impact of housing policies on sales activity will make itself felt upon the economy, according to the Toronto Real Estate Board Earlier this week, TREB announced the results of its latest study that culled consumer polling data from Ipsos Public Affairs and findings from a recent economic impact analysis completed by Altus Group. The release of the study came in the wake of a successful Toronto Summit and release of TREB's third annual "Market Year in Review & Outlook Report" at the end of January. READ MORE
Globe and Mail
Toronto's high-rise condo developers are increasingly realizing they can play a role in meeting the needs of buyers looking for "missing middle" housing – and are starting to plan buildings that are no longer dominated by one-bedroom or studio units. In recent decades, city planners have urged developers to set aside only 10 per cent of a building's units for multibedroom uses and it wasn't uncommon to see buildings sprout up in the core consisting almost entirely of studio or one-bedroom units. A 2017 study by Ryerson University and Urbanation Inc. found only 41 per cent of 105,000 condos in the planning-construction pipeline were two-bedrooms or larger. READ MORE
Urban Toronto
Since December, excavation has been ongoing at the construction site of Wesley Tower at Daniels City Centre, a new 19 and 43-storey, Rafael Bigauskas Architects-designed condominium complex coming to the City Centre Drive and Confederation Parkway intersection to the west of Square One in Mississauga. The two towers will share an underground garage and podium, with the taller tower being built as the first phase, and marketing yet to begin for phase two. READ MORE
Insauga.com
Home sales via Canadian MLS systems were down 6.5 per cent in February. It marks the second consecutive monthly decline following the record set in December 2017 and the lowest reading in nearly five years. February sales were down from the previous month in almost three-quarters of all local housing markets, with large monthly declines in and around Greater Vancouver (GVA) and Greater Toronto (GTA). READ MORE
Toronto Star
When Jess and Adam Lee brought their newborn daughter, Olivia — six pounds, seven ounces — home this month from the new Milton District Hospital, they were thrilled with the calibre of care they received in their adopted community. Jess was relieved to find she liked the obstetrician who worked out of the hospital, where 89 babies were born in December and another 79 delivered in January. The number of births has been steadily increasing over the past decade as Milton’s population has grown, according to Halton Healthcare. READ MORE
Globe and Mail
Sales of properties fetching at least $1-million in the Greater Toronto Area have plunged while the Vancouver housing market girds for a slowdown following last month's B.C. budget. The number of GTA residential properties that sold for $1-million or more in the first two months of this year – mostly detached houses, but also including condos and townhomes – fell to 1,498, down 55 per cent from the same period in 2017, according to Sotheby's International Realty Canada. READ MORE
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