Real eState

Enormous community with 5 condo towers planned next to Toronto mall

Published

12 months ago

November 7, 2023

Big changes are coming to areas that will be served by the future Scarborough Subway Extension, including a new plan that would add thousands of residents to the vicinity of Scarborough Town Centre mall and the planned Scarborough Centre Station.

A new application seeks to bring five condo towers with heights of up to 50 storeys to 100 Borough Drive, an approximately six-acre (2.4 ha) site currently home to a vacant six-storey office building and surface parking, just west of the future Scarborough Centre Station on the Line 2 subway extension.

Developer Dov Capital Corporation is planning a community spread across three development blocks, with five towers designed by architects Arcadis rising to respective heights of 50, 50, 46, 39, and 26 storeys, a public street and a park.

100 borough drive toronto

The plan seeks permits to introduce a whopping 2,335 condominium units, proposed in a breakdown of eight studios, 1,466 one-bedrooms, 619 two-bedrooms and 242 three-bedrooms.

The one-bedroom heavy loadout (62.8 per cent of the total unit count) could be an indication that the project will be targeting the speculative condo investor market looking to capitalize on rising property values around the future Scarborough Subway Extension.

Despite the supposed transit-oriented planning shaping this development, the plan calls for a massive parking component spanning three floors of underground parking and two floors of above-ground parking

This garage would accommodate a proposed 1,435 cars — implying that less than half of residents are expected to make use of the planned Scarborough Centre stop on the upcoming subway extension.

In addition to the parking component, a total of 1,795 bicycle spaces are proposed.

Residents of the complex and the surrounding area would benefit from a large park planned on the development site.

A triangular area at the southern end of the site would be dedicated to the City as a public park, measuring a generous 2,161 square metres, or just over 23,260 square feet.

The application is still a long way from realization and has not yet been circulated among City divisions as of writing.

Public meetings and consultations in the next several months will shape the project’s path going forward, and what ends up being built could look far different from this first-step proposal.

Source link

Real eState

Homelessness: Tiny home village to open next week in Halifax suburb

Published

2 weeks ago

October 24, 2024

Anne Joseph

HALIFAX – A village of tiny homes is set to open next month in a Halifax suburb, the latest project by the provincial government to address homelessness.

Located in Lower Sackville, N.S., the tiny home community will house up to 34 people when the first 26 units open Nov. 4.

Another 35 people are scheduled to move in when construction on another 29 units should be complete in December, under a partnership between the province, the Halifax Regional Municipality, United Way Halifax, The Shaw Group and Dexter Construction.

The province invested $9.4 million to build the village and will contribute $935,000 annually for operating costs.

Residents have been chosen from a list of people experiencing homelessness maintained by the Affordable Housing Association of Nova Scotia.

They will pay rent that is tied to their income for a unit that is fully furnished with a private bathroom, shower and a kitchen equipped with a cooktop, small fridge and microwave.

The Atlantic Community Shelters Society will also provide support to residents, ranging from counselling and mental health supports to employment and educational services.

This report by The Canadian Press was first published Oct. 24, 2024.

Source link

Real eState

Here are some facts about British Columbia’s housing market

Published

3 weeks ago

October 17, 2024

Anne Joseph

Housing affordability is a key issue in the provincial election campaign in British Columbia, particularly in major centres.

Here are some statistics about housing in B.C. from the Canada Mortgage and Housing Corporation’s 2024 Rental Market Report, issued in January, and the B.C. Real Estate Association’s August 2024 report.

Average residential home price in B.C.: $938,500

Average price in greater Vancouver (2024 year to date): $1,304,438

Average price in greater Victoria (2024 year to date): $979,103

Average price in the Okanagan (2024 year to date): $748,015

Average two-bedroom purpose-built rental in Vancouver: $2,181

Average two-bedroom purpose-built rental in Victoria: $1,839

Average two-bedroom purpose-built rental in Canada: $1,359

Rental vacancy rate in Vancouver: 0.9 per cent

How much more do new renters in Vancouver pay compared with renters who have occupied their home for at least a year: 27 per cent

This report by The Canadian Press was first published Oct. 17, 2024.

Source link

Real eState

B.C. voters face atmospheric river with heavy rain, high winds on election day

Published

3 weeks ago

October 17, 2024

Anne Joseph

VANCOUVER – Voters along the south coast of British Columbia who have not cast their ballots yet will have to contend with heavy rain and high winds from an incoming atmospheric river weather system on election day.

Environment Canada says the weather system will bring prolonged heavy rain to Metro Vancouver, the Sunshine Coast, Fraser Valley, Howe Sound, Whistler and Vancouver Island starting Friday.

The agency says strong winds with gusts up to 80 kilometres an hour will also develop on Saturday — the day thousands are expected to go to the polls across B.C. — in parts of Vancouver Island and Metro Vancouver.

Wednesday was the last day for advance voting, which started on Oct. 10.

More than 180,000 voters cast their votes Wednesday — the most ever on an advance voting day in B.C., beating the record set just days earlier on Oct. 10 of more than 170,000 votes.

Environment Canada says voters in the area of the atmospheric river can expect around 70 millimetres of precipitation generally and up to 100 millimetres along the coastal mountains, while parts of Vancouver Island could see as much as 200 millimetres of rainfall for the weekend.

An atmospheric river system in November 2021 created severe flooding and landslides that at one point severed most rail links between Vancouver’s port and the rest of Canada while inundating communities in the Fraser Valley and B.C. Interior.

This report by The Canadian Press was first published Oct. 17, 2024.

Source link