Zakiya is a staff writer with STOREYS. She has reported on real estate for Apartment Therapy, Curbed, and Post City Magazines. She also writes a quarterly series for a Canadian design publication.
An amended zoning application seeks to increase the heights of two of the Pinnacle One Yonge towers to 105 and 92 storeys.The Ontario Land Tribunal issued permissions for the five-tower, mixed-use development from Pinnacle International back in 2018, at which time building heights of 65-, 80-, and 95-storeys were approved for the residential portion of the development.
For the tower currently approved at 95 storeys, the residential GFA would be upped by 11,066 sq. m, while the unit count would increase to 958. For the 80-storey tower, the revised residential GFA would jump by 6,389 sq. m, while the unit count would end up at 995, including 140 affordable rental units.
Buyers and sellers are both putting their decisions on hold as a result of elevated interest rates, says the Fraser Valley Real Estate Board.Home sales in the Greater Toronto Area refused to budge in October as buyers kept to the sidelines amid a lack of both uncertainty and affordability.60% Of Canadian Mortgages Are Set To Renew In The Next 3 Years
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