The deal
Blackstone closes $1.1B industrial portfolio across the GTA
The portfolio includes 6 assets totaling 3.2M SF, with a 94% occupancy rate and weighted average lease term of 4.7 years.
The move
Ontario proposes zoning changes that could unlock 50,000+ new homes
The government’s new “Planning for Homes” bill aims to streamline approvals and permit up to 6 units on residential lots near transit.
The number
1,840
New condo units launched in Toronto last month, down 28% MoM.
The take
Capital is becoming more selective. Expect stronger fundamentals to drive a wider performance gap across projects.