Articles tagged with "Residential Building"

The City of Montreal owns 78 vacant and deteriorating buildings, and it would be cheaper to rebuild them than renovate due to their poor conditions. Some notably decrepit structures, like the former Dickson incinerator, are so worn down that repair costs surpass their replacement value. Criticism arises as these buildings remain unused amidst a housing and homelessness crisis, with suggestions to incentivize affordable housing developments. The city's plan involves selling some buildings at favorable terms to organizations for residential use.

The article highlights ten abandoned buildings owned by the City of Montreal, illustrating their deterioration and the city's efforts or lack thereof in repurposing these structures. Buildings such as the former Dickson incinerator and meat inspection clinic show significant historical and cultural value but remain unused. The city is exploring various options for redevelopment, including housing projects and potential economic revitalization efforts. Despite ongoing evaluations, many properties face challenges such as vandalism and structural decay.

The Bank of Canada has maintained its interest rates for the third consecutive time, maintaining stability in the housing market. According to economists and real estate experts, this decision suggests that the market may not require another rate cut to improve. The current conditions in the housing sector are being viewed as a 'new normal,' which resembles the 'old normal,' due to steady economic parameters. This stabilization points toward a period of gradual recovery for the housing market without further intervention.

Strategic Group is transforming the former Chevron office tower in downtown Calgary into a residential building with 332 units. The developer purchased the 25-storey tower for $17 million but is not using the city's Downtown Development Incentive Program for the conversion. Originally built by Chevron in 1982, the building offers strategic advantages for residential conversion due to its excellent floorplate and location near key transit lines. The conversion is part of a broader trend of energy firms downsizing and repurposing office spaces in response to economic shifts and the pandemic.

A major redevelopment is proposed for 245 Eglinton Avenue East in Toronto, featuring two mixed-use towers designed by Superkül for Crestview Investment Corporation. These towers, rising 60 and 65 storeys, will offer residential units, retail space, and added amenities, adjacent to the new Eglinton Line 5. The development aims to capitalize on the location's proximity to major transit infrastructure, contributing to Midtown Toronto's high-density growth. The project includes a call for Official Plan and Zoning By-law amendments to realize this transit-oriented development.

In July 2025, significant developments marked Toronto's skyline and transit system. The construction of supertall towers continued, with plans for taller structures at College Park. The Eglinton Crosstown Line 5 West Extension reached substantial completion, and there were significant rejections and approvals of high-rise proposals by the City Council. Additionally, Toronto's bus network is poised for a major overhaul.

Situated in Toronto's Swansea neighborhood, the newly acquired property at 44A Morningside Avenue offers a luxurious and practical living space. The custom-designed home spans nearly 2,800 square feet and includes modern features such as engineered hardwood, LED lighting, high-end appliances, and a seamless indoor-outdoor transition. The property features four bedrooms, five bathrooms, and various amenities including a media room and exercise space in the garage, making it a perfect blend of luxury and livability.

The future of several plots in East Montreal, acquired by the city for affordable housing, remains uncertain due to funding challenges. The city intends to sell these plots to non-profit organizations and housing cooperatives at favorable prices. Despite investments and land acquisition, stakeholders stress the lack of sufficient funding and proper programs needed to advance affordable housing projects. Government support varies, with some programs irregularly issuing funding calls, further complicating project planning.

British Columbia Premier David Eby has rejected proposals from developers to ease restrictions on foreign investment in housing, stating that past policies led to unaffordable properties and empty homes. Developers argued that the existing rules hinder their ability to build new homes due to high costs and financing challenges, while foreign funding could help alleviate this. Meanwhile, housing experts and urban planners support keeping strict limits on foreign investment to avoid reinflating prices artificially. The provincial government, represented by Eby and Housing Minister Christine Boyle, remains firm on pushing for more housing development while maintaining their foreign buyer tax.

Shindico and Cadillac Fairview have paused their planned $1 billion mixed-use development in Winnipeg's Polo Park area due to shifting economic conditions. The 84-acre transformation, which includes the Polo Park shopping mall and former Canad Inns Stadium site, is being reassessed, with challenges such as high interest rates and a drop in international students affecting the timeline. The project remains a significant opportunity for local businesses, and updates are expected within the year. Provincial policy changes in 2021 have facilitated new housing considerations near the site.

The Junction SQ Condos project, located at 410 Keele Street in Toronto's Junction neighbourhood, has reached its top floor. Designed by RAW Design for Block Developments, this five-storey residential building features a mix of red and grey brick masonry, echoing the area's industrial aesthetic. Construction progressed steadily from excavation in 2024 to above-grade work in early 2025, with cladding and glazing installation now underway. The completed building will stand 16.84 meters tall and house 65 condominium units.

Surrey City Council is eliminating the rezoning requirement for non-market affordable housing projects to accelerate development and reduce costs, recognizing that rezoning often delays projects and increases expenses. This initiative gives 'as-of-right' zoning for qualifying projects, aligning with Surrey's Official Community Plan and meeting specific criteria. This move is part of Surrey's Housing Accelerator Fund Action Plan, which aims to enhance multi-family and affordable housing supply. The plan has already received substantial federal funding support, and Surrey is progressing well on its housing initiatives.