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MoneyVertical city: 80 new skyscrapers planned in Toronto as demand climbs

22:16  15 april  2019
22:16  15 april  2019 Source:   financialpost.com

Toronto's tall towers are making the wind worse

Toronto's tall towers are making the wind worse What can mess up your hair, steal your hat and even knock you off your feet? Wind. And in Toronto, skyscrapers have more to do with the wind than Mother Nature.

Toronto ’s crowded skyline could see scores of new skyscrapers sprouting up in the next few years, more than doubling the number of tall buildings in the city , according to a new report. “ 80 new residential and mixed-use skyscraper projects are in various stages of development

SKYSCRAPERS PLANNED IN TORONTO Demand for housing and limited space have positioned Toronto for a spike in skyscraper construction, with 80 Should all the towers with set timelines be completed, Toronto will jump to 10th on the " cities with the most skyscrapers " list, replacing Jakarta

Vertical city: 80 new skyscrapers planned in Toronto as demand climbs© Provided by PostMedia Digital

Toronto’s crowded skyline could see scores of new skyscrapers sprouting up in the next few years, more than doubling the number of tall buildings in the city, according to a new report.

“80 new residential and mixed-use skyscraper projects are in various stages of development, 31 of which already have a completion date set,” according to research by Point2 Homes, a real estate listing site.

With 60 skyscrapers — defined as buildings that exceed 150 metres in height — Toronto currently ranks number 17 among cities with the highest concentration of skyscrapers, according to the Chicago-based The Council on Tall Buildings, which maintains a global database of tall vertical structures.

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Bullets fired at car, home of Toronto Councillor John Filion A Toronto councillor says multiple bullets were fired into his car and home early Thursday morning, and that he believes it’s related to his work at city hall. Coun. John Filion, who represents Ward 18 — Willowdale, said nobody was injured. He said the shots were fired around 1:40 a.m., and that police have been notified and are investigating. "This follows an incident three weeks ago in which a man with a weapon attempted unsuccessfully to force his way into my home," Filion said in an email statement. "I suspect I have been targeted and that this is related to my work as a city councillor.

Up to 80 new skyscrapers planned in Toronto as demand climbs , according to a new report. Toronto ’s already crowded skyline could see even more new skyscrapers being constructed in the With 60 skyscrapers , Toronto is currently listed among 20 cities with the highest concentration of

Toronto needs every single one of these lines and to the places being proposed. I was absolutely fed up with the City's endless subway debates 5 years ago. They've missed out a ton of construction by not using 100 metres, but interesting none-the-less. Vertical city : 80 new skyscrapers planned in

With the 31 buildings that have a set timeframe, Toronto can expect to jump to 10th place, replacing Jakarta, Indonesia’s capital. Even then, Canada’s most populous city’s skyscraper portfolio will be well below Hong Kong, which ranks first worldwide with 354 skyscrapers — and more on the way.

Among the new towers in Toronto are numerous “supertalls,” a nickname for skyscrapers over 300 meters in height.

The new structures would dwarf the 290-meter First Canadian Place, currently the tallest building in the country.

Indeed, developers of supertalls are vying for national first place. The One, a 1 Bloor West skyscraper already under construction, will be the tallest building in Canada at approximately 306 meters upon its completion scheduled for 2023.

Canadian dollar rallies as oil climbs, housing starts rebound

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Vertical city : 80 new skyscrapers planned in Toronto as demand climbs . Premier Doug Ford has unveiled his vision for a transit plan that would introduce some major changes to several transit projects that are already underway in Toronto .

Vertical city : 80 new skyscrapers planned in Toronto as demand climbs . Toronto 's crowded skyline could see scores of new skyscrapers sprouting up in the next few years.

Cresford Developments has also put forward a proposal for a luxury 85-storey behemoth dubbed Yonge Street Living (YYSL) Residences. The building was initially proposed as a 344-meter structure, aiming to be the tallest in the country, but may have to be scaled back in height.

“If completed, (it) will be one of the most impressive mixed-use buildings in the city,” Point2 Homes said in its report.

The sudden spike in sky-high towers comes at a time of housing shortages in Toronto. The city’s burgeoning population is clamouring for more housing options at affordable rates, according to Daniel Freeman, senior vice president at Freeman Real Estate.

Ontario budget doesn't have much on offer for Toronto's housing crisis

Ontario budget doesn't have much on offer for Toronto's housing crisis Premier Doug Ford’s first provincial budget offers Toronto a few things. But it doesn’t offer any confirmation of new provincial support for housing for a city suffering from a deep affordable housing crisis. Following an announcement last week by Prime Minister Justin Trudeau that pledged $1.3 billion in federal funding and loans over 10 years to repair Toronto Community Housing (TCH) units, the Ontario Progressive Conservative government didn't use their budget announcement Thursday as an opportunity to jump in with housing funds of their own.

Toronto ’s 2-bedroom condo rent just climbed to nearly ,000 a month. New listing alert. North Brampton Nr Castlemore and Humberwest Pkwy 4 bedroom 4 washroom Finished Basement Approx 4-5 years old Well maintained home with modern

Vertical city : 80 new skyscrapers planned in Toronto as demand climbs . New listing Alert - Very newly built and highly upgraded detached home in Northwest Brampton - 4000+ approx. sq ft - 4 bedrooms + 2 dens - 4 full washrooms + 0.5 washroom

“We’re a world-class city and we have housing needs,” said Freeman. “That’s an inevitable function of a growing world-class city.”

Toronto and its neighbouring suburbs are encircled by a green belt of permanently protected land comprising farms, forests, and wetlands, making outward expansion impossible without encroaching on the protected territories. With the lack of space and the demand for housing, Freeman says the only way for developers to build is upwards.

He expects an increase in new families opting to live in high-rise buildings rather than detached and semi-detached homes.

“Twenty years ago, families weren’t targeted,” he said. “You probably found there were more condos built for empty nesters — people that were retiring or needed a smaller space because their children moved out. Now, there are more condos built for families.”

Statistics Canada’s 2016 Census reflects this forecast, showing that nearly 44 per cent of Toronto’s residents lived in some form of apartments.

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