UrbanToronto Industry Updates: REMAX’s Commercial Real Estate Report, CafeTO, and Bidding Wars on the Rise

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UrbanToronto Industry Updates: REMAX's Commercial Real Estate Report, CafeTO, and Bidding Wars on the Rise

UrbanToronto industry updates provide relevant news, events and changes impacting the Toronto real estate and construction industry.

In today’s update: REMAX’s 2023 Canada Real Estate Report provides insights into the trends that defined the market in Canada’s largest cities in the first quarter of 2023, showing how both the retail and industrial markets are thriving while the office sector continues to struggle has; The City of Toronto announced yesterday that the majority of all approved CafeTO curbs will be substantially complete this week, marking the start of what is sure to be an exciting summer for pedestrians. Bidding wars are increasing in many different Toronto neighborhoods as housing remains limited, but some neighborhoods are still selling homes under low demand. You just have to know where to look. and other news.

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

REMAX Publishes 2023 Canadian Commercial Real Estate Report (REMAX)

Installation of the CaféTO curbside cafe will be essentially complete this week (City of Toronto)

Do you want to avoid a bidding war? Try These Toronto Neighborhoods (Wahi)

Conversion of office space into living space (Bloomberg)

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

Toronto City Council Appoints New Deputy City Administrators for Development and Growth Services and Infrastructure Services (City of Toronto)

INK Entertainment, in partnership 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 centers (Wahi)

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

Toronto City Council approves new bike lanes to connect and renew safe bike lanes across the city (City of Toronto)

RESCON publishes June newsletter (RESCON)

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

City Council Promotes 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)