Toronto’s St. Michael’s Hospital (St. Michael’s) is adding a state-of-the-art 17-storey patient care tower, known as the Peter Gilgan Patient Care Tower, to its facilities and Bondfield Construction (Bondfield) has been selected to build it. Bondfield will also renovate approximately 150,000 square feet of existing space to expand the hospital’s Slaight Family Emergency Department and replace a 100-year-old wing.

Three buildings in Toronto were among the world’s tallest new structures of 2014, pushing Canada to the top of a global list recently compiled by

One Torontonian has won a chance to sip coffee and talk livable cities with Jennifer Keesmaat, chief planner for the City of Toronto. The Urban

When compared with data from 2013, sales of GTA homes over $1-million (luxury sales) grew by a staggering 38 per cent in 2014, says Sotheby's International Realty Canada (Sotheby’s). In an annual report, the real estate sales and marketing company found that, across several of Canada’s major real estate markets, luxury sales finished the year with positive year-over-year growth.

According to the latest rental market survey from Urbanation Inc. (Urbanation), Toronto’s condo rental market broke records in 2014. Condominium apartments rented through the MLS system exceeded the previous year’s record, growing 15 per cent year-over-year, to 22,765 units.

BOMA Toronto has announced key leadership appointments for 2015, positioning two women with notable real estate industry experience to lead Canada’s largest BOMA local association

At the end of the 2014 calendar year, Greater Toronto Area home sales, reported through the TorontoMLS system, registered a 6.7 per cent increase over the 2013 sales figure, according to the Toronto Real Estate Board (TREB). In 2014, a total of 92,867 sales were recorded, with 4,446 of them taking place in December.

A motion that contemplates curbing builders’ use of city streets during construction is in the hands of Toronto’s deputy city manager for “consideration and appropriate action”

Toronto’s new and improved Regent Park ice rink has officially opened at 480 Shuter St., boasting new lighting, dasherboards and fencing. The rink is part of a larger project, the Regent Park Athletic Grounds, which is currently under construction. The state-of-the-art sports facility is slated for completion later this year.

Statistics gathered in September marked 2014 as a record-breaking year for condo completions in Toronto, according to an article from the Toronto Star by George Carras, President at RealNet Canada Inc. (RealNet). Completions in the first nine months of the year broke the previous year’s record of 16,668 units. Carras attributes this growth to intensification policies and growth plans introduced in Ontario in 2005.

Fourth quarter statistics from Cushman & Wakefield (C&W) reveal a strong Toronto office market. According to the commercial real estate brokerage, 1.6-million square feet of office space was added to the city’s inventory this year and, despite that, vacancy rates remain the same as they were in Q4 2013. C&W reported a mere 0.1 per cent increase from Q3 2014 in Toronto’s office vacancy rate.

The latest Rental Market Survey from the Canada Mortgage and Housing Corporation (CMHC) revealed that investor-owned Toronto condominiums represent 2.4 per cent of the region’s inventory. According to the CMHC, that number is the highest among major Canadian metros surveyed in the report. In Vancouver and Montreal, foreign ownership in condominiums totaled 2.3 per cent and 1.5 per cent, respectively.

New home builder Mattamy Homes (Mattamy) has agreed to purchase Monarch Corporation (Monarch), the Canadian division of US homebuilder Taylor Morrison Home Corporation. Monarch is involved in the development of condominiums in Toronto, Ont. Currently, the purchase price for Monarch is set at approximately $330-million.

ONE BLOOR, a 75-storey condominium development located in the heart of downtown Toronto, has received international praise at the International Property Awards in London, U.K. The awards, which strive to recognize the best developers worldwide, are considered one of the most prestigious property competitions in the world. Great Gulf, the developer responsible for ONE BLOOR, earned the International Property Award for Best International High-Rise Residential Development.

Two Canadian cities joined the ranks of the world’s most expensive cities for hotels, according to GoEuro.com, a multi-mode travel platform. When compiling accommodation prices

In the same week, the Metro Toronto Convention Centre (MTCC) received a LEED Gold certification from the Canadian Green Building Council (CaGBC) and a Sustainable Tourism Award from the Tourism Industry Association of Ontario (TIAO). The LEED Gold certification was achieved for the MTCC’s south building in the Existing Building: Operations & Maintenance category, making the facility one of the first Canadian convention centres to earn the recognition.

Toronto’s Direct Energy Centre, located at Exhibition Place, has been awarded LEED Gold certification for Existing Buildings: Operations and Maintenance. This achievement makes the facility one of the first convention centres, nationwide, to receive the Canada Green Building Council (CaGBC) distinction.