A gas station and convenience store on a prominent downtown Toronto intersection is looking to get a second life as a residential high-rise tower.

Despite the tighter measures put in place to combat the COVID-19 pandemic, Vancouver home buyers scooped up a record number of properties during what’s typically a quiet period for housing activity in December.

Last year also saw the start of construction at The Saint as crews demolished the existing building on the lot in August.

Just before the holidays, another new tower proposal was submitted to city planners last month for Wellington Street West, not far from Spadina.

The sought-after corner suite is available on floors three through 27 and boasts 773 square feet of living space.

If this forecast materializes, the average price of a Vancouver home would be $1,262,600 by the end of the year, up from $1,158,400 at the end of 2020.

Rentals.ca found that rent prices dropped across all property types in the Toronto region, with condo rentals seeing the largest annual decline at 17.7 percent.

To wrap up our series of new development construction updates in 2020, we’re taking a look back at eight noteworthy projects.

Rental and condo markets in major urban hubs have already been particularly hard hit by the precipitous drop in immigration and a lack of international students this year.

Faced with the most challenging conditions in years, agents active in the city’s condo market have had to adapt to the pandemic-influenced market and adjust their clients’ expectations along the way.

As the year draws to a close, we’re looking back at Livabl’s coverage of some of the biggest moments that will surely impact the Toronto real estate market for years to come.

Following 2020’s V-shaped recovery, the BC housing market is set to see strong homebuyer demand carry over into 2021.

This year, 14 rental development applications were submitted to city planners with ideas to construct a wide variety of purpose-built apartments, from boutique mid-rises to soaring towers.

In the third quarter, government financial support eased while home prices across the majority of local Canadian markets surged. These were the primary contributors to the deterioration in affordability measured during that time.

We’ve compiled seven of the most significant Toronto development applications that were put forward in 2020 to give you an idea of the spaces to watch in the coming years.

Known for its $3 well drinks on Tuesdays, swamp-themed decor and middle-aged clientele, Toronto’s famed Crocodile Rock is poised for redevelopment.