COVID-19: UrbanToronto Updates from the Industry for October 29, 2020

The global COVID-19 pandemic is having far-reaching effects in Toronto, including major impacts to what have been booming real estate and building industries. Many jobs and most events are currently suspended, postponed, or affected in other ways, though UrbanToronto is still operating at full strength with our team working remotely. As a means to keep the public in the loop about the shutdowns, we’ll be sharing information and status updates from around the industry on a regular basis. 

In today’s report: City of Toronto taking action to protect neighbourhoods in Northwest Toronto, Rental prices decline in Toronto, and more news from the COVID-19 front.

Covid-19, coronavirus, housing market, construction, GTA, TorontoCIBC SQUARE under construction in Downtown Toronto, image by Forum contributor sikandar

Government notices and announcements: 

Ontario Launching COVID-19 Resilience Infrastructure Stream

City Council unanimously approves framework to create new permanent, supportive housing in Parkdale in partnership with the University Health Network and United Way Greater Toronto

City Council approves first strategy to improve how freight and goods are moved in Toronto

City Council unanimously approves motion to request the province to temporarily cap commissions for food service deliveries

City of Toronto taking action to protect neighbourhoods in Northwest Toronto

City Council approves extended winter patio program for curbside cafes and expanded private patios

October 28 Virtual Press Conference: City of Brampton update on response to COVID-19

Markham weekly COVID-19 Update (PDF download)

Private sector/other notices and announcements:

Metrolinx updates COVID staff cases

FirstService Reports Strong Third Quarter Results: Growth in Restoration Offsets Continued COVID-19 Headwinds

RioCan Announces Third Quarter Results for 2020

Toronto Real Estate: Rental Prices Continue to Go Down

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REMINDER: Download the COVID Alert app today

Everyone from construction workers to brokers to real estate executives is encouraged to share tips on what work and events have stopped, what is proceeding, and how their businesses are being affected by the various shutdowns.

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