News Roundup for May 25, 2023

New report suggests that Toronto’s high rate of office vacancy could persist ...
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20220718 175041000 iOS - News Roundup for May 25, 2023

New report suggests that Toronto’s high rate of office vacancy could persist for the next two decades, creating a unique opportunity to repurpose the existing supply of office buildings; Toronto’s six leading mayoral candidates took on the topic of housing at the Wednesday debate, with the question of how to build affordable units taking centre stage; the decline of Toronto’s Downtown was already in motion before the pandemic, due to years of underinvestment; and other news. 

Time for the wrecking ball? Report warns Toronto’s glut of empty office towers could last at least two more decades (Toronto Star)

Top mayoral candidates clash over how to build affordable units, taxes at housing debate (CBC)

‘It’s getting worse’: Years of underinvestment paved way for downtown Toronto decline even before pandemic hit, experts say (CTV News)

A tale of two neighbourhoods: what downtown Chinatown and Kensington Market’s recent past tells us about a changing Toronto (Toronto Star)

Montreal’s LRT delays confirm a predictably Canadian pattern (Globe and Mail)

Soaring policing, insurance costs force Pride Toronto to consider cuts to festival: organizers (CBC)

A trillion-dollar payday in the making as Ontario’s EV supply chain takes shape at a remarkable pace (Toronto Star)

Toronto real estate market makes slow return (Globe and Mail)

Parkside Drive still tops list of Toronto’s most ticketed roads, a year after speed camera rollout (CBC)

Newcomers a ‘driving force’ behind real estate investment in Ontario (Toronto Star)

Why Alberta’s election is also important for the rest of Canada (Globe and Mail)

Open drug use and reports of people in crisis: Rider complaints provide one-week snapshot of TTC (CP24)





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