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A new year brings new beginnings, and there were many, many, many new beginnings to start off 2025. Developers like Beedie, Wesgroup Properties, and QuadReal Property Group all saw numerous notable promotions or hires, as did construction firms like Axiom Builders, commercial real estate brokerages like CBRE, and lenders like RBC.
“I understand that it is challenging for many across the city,” Chow wrote in a mayoral decision. “That’s why with this increase, we are expanding property tax relief programs.”On Wednesday, Mississauga City Council approved a motion from Mayor Carolyn Parrish to make housing more affordable by temporarily lowering development charges and reducing property taxes for new purpose-built rental housing.
The past year saw companies hone in on sustainable business models, while industry trends from AI to modular construction to integrated transactions are expected to continue driving growth and innovation into 2025.
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