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Opinion: Build Housing, Not Expressways

Opinion: Build Housing, Not Expressways As it rebuilds the Gardiner Expressway, Toronto could use the opportunity to create more real estate for affordable housing. February 19, 2021, 5am PST | Diana Ionescu | As it finalizes its 2021 budget, the city of Toronto will award the contracts to finish the Gardiner Expressway reconstruction project, with options to rebuild an elevated expressway or get more creative with the use of land in Toronto s dense downtown. In a piece for the Globe and Mail, Alex Bozikovic argues that combining the eastern end of the expressway with Lake Shore Boulevard would open up more than five acres of land for a new neighbourhood, which could generate $500-million in land sales and development charges, generating enough to build hundreds of units of affordable housing.

Prairie office sector faces challenges in 2021

Prairie office sector faces challenges in 2021 A glut of sublease space and demand for short-term leases challenge Prairie office markets, but some investors spot opportunity December 30, 2020 Calgary’s Stampede Station was bought for $35 million early in 2020. | Western Investor Calgary could see downtown office vacancy rates spike to 30 per cent this year and other Prairie cities also face challenges in 2021, but some investors still see an opportunity. Calgary’s downtown office vacancy rate increased to 25.7 per cent – up from 24.6 per cent a year ago – in the third quarter (Q3) 2020, with four office towers totally empty and another five at 25 per cent occupancy or less, Avison Young reported.

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