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.

Even as the price gap between condos and single-detached homes widens in the new year, condo markets in major cities, including Toronto, Montreal and Vancouver, should eventually find their footing.

The first of several cantilevered design features is now visible on the west tower as the building shifts sideways, creating a staggered and stacked profile.

Rising above them all, an 87-storey condo tower pitched in Yorkville is the city’s tallest high-rise proposal for 2020.

The development features sleek architecture, thoughtfully designed suites and a convenient location adjacent to the Burquitlam SkyTrain Station.

Priced at $3.3 million, The Ivy boasts similar square footage to a small suburban home with 1,496 square feet of living space.

The development application includes plans for a five-storey, mixed-use building comprising 51 rental apartments and four live-work units.