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Articles by Bosa Properties
38- And 33-Storey Towers Proposed Near King George Station
The City of Surrey continues to be a draw for developers with an interest in transit-oriented development, with the latest example being two high-rise residential towers near the Expo Line SkyTrain's King George Station from Surrey-based Tangerine Developments. The proposed development is slated for 10054-10088 Whalley Boulevard and 10055-10089 137A Street, just north of 100 Avenue, the King George Hub, and King George Station.
The Well Is The Mall Of The Future, Is That A Good Thing?
Even before it’s finished, The Well is being hailed as the “mall of the future.” Whether or not that’s desirable at a time when malls everywhere are dying, it’s clear the multi-use complex aspires to much more than mere malldom – past, present, or future. The sprawling new scheme, on an 11-acre site bounded by Spadina, Draper, Wellington, and Front, is designed to extend the hustle and bustle of the downtown core farther west.
Toronto To Host Largest Fireworks Display In Canada On NYE
If you’re looking for a festive way to ring in 2024, head down to Toronto's harbourfront on New Year’s Eve to witness the largest fireworks display in Canada. Hosted by the City of Toronto, the 10-minute high-altitude show will be synchronized to music, and the colourful display will be visible from anywhere with a view of the city’s inner harbour.
21-Storey Tower Proposed For Vancouver's French Cultural Centre Redevelopment
The Francophone Cultural Centre in Vancouver, also known as La Maison de la Francophonie, is the subject of a new rezoning application that would see the existing and aging facility replaced and expanded into a high-density mixed-use building.
Find Peace and Prestige In This Forest Hill Mansion
Toronto has no shortage of luxurious mansions and affluent neighbourhoods, leaving ultra-high-net-worth buyers spoiled for choice. But there’s arguably no enclave more coveted than Forest Hill South, and perhaps no property more prestigious than 101 Dunloe Road. A newly built custom home such as this is rarely available in the storied neighbourhood. Imagined by Lorne Rose Architect, the contemporary design effortlessly blends into its grandiose surroundings.
Surrey Changes Development Application Process To Expedite Low-Rise Projects
Last week, shortly before the Christmas break, Surrey City Council approved changes to how it processes development applications and the role of the Advisory Design Panel in an attempt to help expedite the delivery of much-needed housing. The City of Surrey's Advisory Design Panel (ADP) was first created in 2009 and consists of a group of appointed volunteer experts that assess development applications with a focus on design form and character.
Calgary Is Now A Different Kind Of Outlier When It Comes To Affordability
Not too long ago, Calgary and Alberta at large were outliers when it came to housing affordability, with housing prices so low that the Government of Alberta constructed a big advertising campaign around it in an attempt to lure Canadians from other provinces into Alberta. Now, at least after November, Calgary is an outlier for the opposite reason.
Housing Affordability Reaches Worst-Ever Level In Canada
It has never been so unaffordable to own a home in Canada. Rising ownership costs, including high mortgage rates and home prices, pushed RBC’s national aggregate housing affordability measure up 2.8% in Q3, to 62.5%. The increase, which is outlined in a new report from Robert Hogue, Assistant Chief Economist at RBC, follows two consecutive quarters of decline, and has propelled the measure above the previous all-time high of 61.2% that was reached in Q3 2022.
Bank Of Canada To Drop Interest Rate To 2.25% By 2025: TD
The Bank of Canada (BoC) will drop its policy interest rate to a much more attractive 2.25% by 2025, according to a recent forecast from TD. The long-term forecast, written by TD CFA James Orlando and Director Thomas Feltmate, predicts that inflationary pressures will ease over the medium term, allowing the central bank to cut its policy rate back to the neutral rate of 2.25%.
City Of Toronto Files To Build Mass Timber Housing On Dundas West
The City of Toronto is taking the next step in its plan to construct a mass timber rental building on Dundas Street West. A new development application filed by CreateTO, the City of Toronto's real estate asset management agency, outlines plans to build a 10-storey structure with 100 rental units at 1113-1125 Dundas Street West. Part of the City's HousingTO Action Plan, units inside the new build will be offered at affordable prices.
What's Open And Closed In Vancouver On Christmas 2023
It's that time of the year again where the Christmas lights are all around, Christmas cheer is in the air, and it's all about spending time with your friends and family. We're a few days out from Christmas, which will fall on a Monday this year, and the weather in Metro Vancouver looks like it will be relatively good, with some rain expected, but no snow.
What’s Open and Closed in Toronto on Christmas 2023
There may not be any snow on the ground, but Christmas is just around the corner. With both Christmas Day and Boxing Day being statutory holidays in Ontario, the most wonderful time of the year means that many stores, services, and attractions will be closed or have special hours on Monday and Tuesday. Some have reduced hours on Christmas Eve, too.
Markee Developments And Collecdev Merge Under New CEO Jennifer Keesmaat
A penchant for affordable housing and beautiful, sustainable communities has led to the merger of two key players in Toronto’s development community, Markee Developments and Collecdev. Aptly known as Collecdev-Markee, the new entity brings together Markee Development's focus on affordable rental housing and Collecdev’s construction and development expertise. Jennifer Keesmaat, Founding Partner at Markee and former Chief City Planner of Toronto, will oversee the venture as CEO.
GTA “On The Cusp Of A Balanced Market” As New Home Sales Slow
New home sales across the Greater Toronto Area (GTA) have improved over the lows seen throughout the latter half of 2022, but remained muted in November as whispers of springtime interest rate cuts lulled buyers into hibernation. According to a new report from the Building Industry and Land Development Association (BILD), 1,694 new homes were sold across the GTA in November, relatively "flat" compared to October and marking a 13% annual increase.
Toronto Reaches Landmark $471M Housing Accelerator Fund Agreement
The City of Toronto has reached a landmark agreement with the federal government under the Housing Accelerator Fund (HAF). The deal, announced by officials including Prime Minister Justin Trudeau, Housing Minister Sean Fraser, and Toronto Mayor Olivia Chow, will see Toronto receive over $471M in HAF funding, the largest allocation to date.
Gryphon Development Founder Jason Hsu On Bringing Some Of Taiwan To Vancouver
The Oakridge area is arguably the biggest hub of development in Vancouver, with developers big and small wanting to get in on the action as the neighbourhood undergoes a large-scale makeover, centered around the Oakridge Centre redevelopment. One such developer is Gryphon Development, founded by Jason Hsu in 2017.
Toronto Home Sales Sink To 15-Year Low For Month Of November
As far as Novembers go, last month was a relatively quiet one for Toronto’s real estate market. According to a new report from Chestnut Park Real Estate Ltd. Brokerage, just 4,236 home sales were recorded across the entire Toronto region in the month, and that figure is down 6% on a year-over-year basis.
Condo Leaders Call For Change Amid "Serious" Safety Concerns
Three large Ontario condo associations are sounding the alarm over safety risks to condo board members and managers.
Gregg Lintern Has Advice For Toronto’s Next Chief Planner: ‘Have Humility’
In just over a week, the City of Toronto will bid farewell to its Chief Planner. Gregg Lintern stepped into the role back in 2018. By his own account, it was a fairly natural progression, as he had already been with the City Planning division for some time, and had served as acting Chief Planner in 2012. In the five years since, he has catalyzed some meaningful changes for the city.
Luxurious Contemporary Estate In North Saanich Asks $3.9M
The Deep Cove neighbourhood of North Saanich (not to be confused with the neighbourhood of the same name in North Vancouver) sits to the west of Swartz Bay, and is one the Greater Victoria Area's most desirable neighbourhoods — thanks to its numerous spacious and waterfront properties. One such property is 11325 Chalet Road, which is located by the northernmost corner of Deep Cove, and is currently on the market asking $3,865,000.
Toronto-Area Developers Convicted Of Illegally Selling New Homes, Ordered To Pay Restitution To Buyers
A Toronto-area development company has been convicted of illegally selling new homes and will have to pay restitution to nearly a dozen buyers who lost their deposits in the shady deal. The Home Construction Regulatory Authority (HCRA) announced on Monday that Ideal (BC) Developments Inc. has pled guilty to selling 10 new homes in Richmond Hill without a licence to do so, and without enrolling them in the Tarion warranty program.
Parkway 2 By Bosa Properties In Surrey To Rise 52 Storeys
Bosa Properties appears ready to move forward with the next phase of their Parkway project in Surrey after their development permit application was considered by Council on Monday. The Parkway project (formerly named Brightside) sits at 10460 City Parkway, on a site that's bound by City Parkway to the west, 105 Avenue to the north, a rear lane for buildings fronting King George Boulevard to the east, and 104 Avenue to the south.
Cardero by Henriquez Partners Architects
Origami Obelisk at the intersection of Vancouver's Two City Grids Just two blocks from the Coal Harbour waterfront, Cardero is a gateway and transitional building from Vancouver's North Shore to Downtown core and responds to its location at the intersection of two city grids. The project acknowledges its unique setting and takes advantage of connections to Vancouver's West End, Stanley Park and central business district.
Airbnb Rolls Out New Features to Capitalize on Remote Working Trend
Long gone are the days of clocking in and out of your workplace at the same time, as people from all over the world can potentially work remotely from wherever they want. Inspired by this and the significant shift in how people are travelling, Airbnb announced several new features for its platform that focus on flexibility, including capitalizing on the growing remote working trend ahead of the anticipated surge in leisure travel.
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