The City of Toronto will soon begin a $9 million project to rescue a ‘micro-tunnelling boring machine’ that has been trapped in construction waste deep below the ground for the last 9 months; the Toronto Regional Real Estate Board’s February report shows that home prices in the GTA were down 18% compared to this time last year; formal plans have now come forward for the City’s redevelopment effort on Toronto Island’s Hanlan’s Point, outlining a new event space; and other news.
A digging machine is trapped under Toronto. Inside the $9-million rescue plan (Toronto Star)
Toronto-area home prices down 18% from last February, sales halved: board (CTV News)
City of Toronto drops plan to create formal event space at Hanlan’s Point after concerns raised (Globe and Mail)
Life in the culture war zone is actually quite lovely (Toronto Star)
TTC seeks public input on proposed transit changes along busy Jane St. bus routes (CityNews)
Nordstrom closing down in Canada, shuttering all 13 stores (CBC)
One year after the housing peak, a record drop in prices — and signs of a tightening market (Toronto Star)
Cost of Bike Share Toronto rentals to increase under new rate structure (Global News)
The Art Gallery of Ontario’s expansion: A machine for showing art (Globe and Mail)
When a real estate deal falls through, you should weigh whether litigation is worth it (Toronto Star)
GTA bracing for winter storm Friday: Here’s what to expect and when (CBC)
BoC expected to hold interest rate next week, one year after aggressive cycle began (CTV News)