UrbanToronto Industry Updates: Midtown Yonge Complete Street Pilot Earns Support from City Staff

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

In today’s report: The Midtown Yonge Complete Street Pilot receives support from City Staff, who recommend the program should be made permanent in recently published report; BILD reports on findings of Altus Group’s latest home sale data, citing a drop in sales by a margin of 29% compared to the average over the previous 10 years; Canadian Home Builder’s Association publishes study on the relationship between affordability and municipal processes, assigning scores to 21 different municipalities in Canada; and other news. 

The future of Yonge Street is in up in the air as debate continues over pedestrian transition, image by Edward Skira

News and Editorial:

Toronto’s City Staff Publish Report Recommending Permanent Implementation of Midtown Yonge Complete Street Pilot

GTA new home sales dipped in 2022 as interest rates, monetary policy affected prospective buyers (BILD)

Municipal Benchmarking: How do municipal processes, approvals, and government fees and charges affect housing affordability in Canada? (Canadian Home Builder’s Association)

The Reshaping of City and Metropolitan Economies: 5 Trends to Watch in 2023 (The News Localism)

Michigan Healthy Climate plan: Build infrastructure for 2M electric vehicles by 2030 (Capital Confidential)

5 Ways to Build Cities That Can Better Withstand Climate Extremes (Route 50)

Events:

Annual LandPro Conference scheduled for March 1st, registration open for in-person or online attendance

Registration opens for Smart Density’s Net Zero, Low Carbon and the Toronto Green Standards Webinar on January 31st

BILD Accepting Entries for 2023 BILD Awards until February 8th

Tickets on Sale for Toronto’s Home + Reno Show

Registration opens for ULI’s 4 Part Lunch Time Webinar Series: How to Put Affordable in the Missing Middle

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UrbanToronto has a research service, UrbanToronto Pro, that provides comprehensive data on construction projects in the Greater Toronto Area—from proposal through to completion. We also offer Instant Reports, downloadable snapshots based on location, and a daily subscription newsletter, New Development Insider, that tracks projects from initial application.