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Building & Construction

SmartREIT and Mitchell Goldhar Announce Transit City Condos Third Tower in Vaughan Substantially Sold Out

Transit City in VaughanVAUGHAN, York Region–(Marketwired – July 26, 2017) – Smart Real Estate Investment Trust (TSX:SRU.UN) and Mitchell Goldhar are pleased to announce that, as a result of the selling out of the first and second towers at Transit City Condos (and the additional demand for units), a third tower was offered for sale, which tower is now substantially sold out.

Full Article: www.marketwired.com

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New Housing Market Continues to Climb With Condo Sales Reaching Record High

York Region Condo Sales NumbersGreater Toronto, July 25, 2017 – In June, the GTA’s new housing market continued to climb with condominium sales reaching a new record high, the Building Industry and Land Development Association (BILD) announced today.

Sales of new multi-family condo apartments in high-rise and mid-rise buildings and stacked townhomes jumped 59 percent from May and prices for available units also continued to push higher, according to Altus Group, BILD’s official source for new-home market intelligence. New home sales were up 23 percent from June 2016 with 28,889 new homes sold so far in 2017 – a 14 percent increase from the same period in 2016 and a 44 percent jump from the 10 year average.

Full Article: www.bildgta.ca

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Preliminary Work Set to Begin on the Yonge North Subway Extension Project into Richmond Hill

Subway Announcement in Richmond HillRichmond Hill, Ontario, June 16, 2017 — The Honourable Jane Philpott, Minister of Health and Member of Parliament for Markham—Stouffville, on behalf of the Honourable Amarjeet Sohi, Minister of Infrastructure and Communities, the Honourable Steven Del Duca, Ontario Minister of Transportation, and Wayne Emmerson, York Region Chairman and Chief Executive Officer, today announced more than $36 million in federal funding to support the planning and preliminary engineering of the proposed 7.4 km extension of the existing Yonge Subway line into York Region.

Full Article: www.canada.ca

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