“With Canadian housing inventory at its lowest level in history, there’s been a lot of talk about building new home supply. One boutique-sized developer recently took on six new projects that will bring upwards of 2,700 units to Toronto. Republic Developments filed five mid- to high-rise project applications in late December 2021. This includes plans to redevelop the Novotel Toronto Centre at 45 The Esplanade, and the integration of a revitalized 1870s building into a new mid-rise at 111 Strachan Avenue. A sixth application, which is currently in the works, is planned for submission in late January. These projects mark a significant milestone for the growing six-person developer, taking the company from a single-project firm to one that now has several applications in tow.” Read More
