In the past year, the City of Toronto has welcomed about 2,500 new retail and service establishments of all sizes, more than twice the amount

A new condominium development, designed to offer affordable home ownership opportunities for Toronto residents, has officially opened at 35 Saranac Blvd. in Toronto, Ont. The 341-unit project, known as Cranbrooke Village, was financed through the City of Toronto’s Home Ownership Assistance Program (HOAP) in collaboration with Options for Homes and sister organization Home Ownership Alternatives.

The City of Toronto was recognized with a 2015 Ontario Wood Award for repurposing city trees and promoting local wood products and urban forestry services.

On Feb. 2, members of the Toronto Real Estate Board (TREB) met with the City of Toronto’s Budget Committee to discuss affordable housing in the Greater Toronto Area and make recommendations on the region’s Land Transfer Tax (LTT), implemented in 2008. In order to better meet the needs of prospective homebuyers requiring affordable housing options, TREB suggested that the City’s Budget Committee increase the maximum rebate for first-time homebuyers and adjust the LTT to reflect ongoing inflation.