WHERE DO WE GO FROM HERE?

Being in the present is important for our health and perspective, our future presents a plethora of opportunities for growth. Without trying to be overly new age, the steps we take now will provide a brighter tomorrow. The new year is a fresh start and avoiding grand resolutions may help avoid self-deprecation as the winter months drag on. Bearing this in mind, the old adage “one day at a time” would be more useful to keep personal growth goals on the rails. To be resilient means to be mindful of all the things we as Canadians enjoy. Be kind and be well in 2021.

Over the holidays there was a newspaper article highlighting a proposed development in Vancouver, called Quantum Park. One interesting result of the pandemic was the ability technology has given us to be productive away from the office. Quantum Park will redevelop three hectares of industrial land in Vancouver’s inner harbour into mixed use (commercial/residential) property. The development will be part of moving the city toward a tech centric economy. Although the office will not completely be outmoded, Quantum Park will allow tech companies to lease office space and meeting areas in close proximity to employee dwellings making the morning commute obsolete.

Closer to home Toronto has been considering what to do with The Port Lands that stretch across the lake front from Cherry to Leslie Streets south of Lakeshore Boulevard. One of the most exciting announcements has been the naturalization of the Don River. This process will see the waters of the Don River flow freely into Lake Ontario for the first time in over a century. Parks, bridges, and foot paths will complement proposed residential spaces between the Keating and Shipping channels creating a new island. The area will be complemented by the existing Cherry Beach and Tommy Thompson Park (Leslie Street Spit).

Indeed, there are exciting times ahead for residential, commercial and leisure developments in the Greater Toronto Area. Over the next few months, we will be bringing some other interesting developments in real estate to our readers.

Thank you for your support over the last fifteen years, let’s take 2021 as it unfolds with a positive outlook toward a healthy and hopeful future.