Pickering - Real Estate Recap

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27th Jan 2025

Pickering Airport Plan Scrapped for Park Space

The Canadian government has abandoned plans to build a new airport on the 7,000-hectare Pickering Airport Lands outside Toronto, initially acquired in the 1970s. New plans call for park space managed by Parks Canada. Transport Canada states the land will undergo a formal public consultation to determine its exact use.

Read the full story by Daily Hive.

9th Jan 2025

5 Towers Proposed to Replace Commercial Plaza in Pickering

A major development proposal in Pickering aims to transform a commercial plaza at 705 Kingston Road into a dense mixed-use project with five residential towers ranging from 28 to 35 storeys. This project will feature 1,748 units, 3,922m² of retail space, and increased connectivity via the Durham-Scarborough BRT line.

Read the full story by Urban Toronto.

11th Nov 2024

Starlight Acquires Apartment Building in Pickering

Starlight Investments has acquired a new 12-storey, 227-unit apartment building at 1475 Whites Road in Pickering, part of its growing GTA portfolio. The property features modern amenities, including EV charging stations, a fitness center, and outdoor spaces. Units range from one- to three-bedroom layouts.

Read the full story by RENX.

4th Sep 2024

Pickering Plans to Reapply for Provincial Funding

Pickering is making a second attempt to secure funding from Ontario's Housing Accelerator Fund. After being denied in 2023, the city plans to apply again, aiming to boost residential growth by at least 10%. Pickering recently exceeded housing targets, adding 1,502 units and earning a $5.2 million bonus.

Read the full story by INsauga.

22nd Aug 2024

Pickering Exceeds Housing Target by 58% in Just 6 Months

Pickering has successfully met its 2024 provincial housing targets six months early, with 1,533 new housing units completed by the end of June, surpassing its goal by 58%. Pickering is the only Durham municipality to meet these targets so far, with Clarington, Oshawa, and Ajax trailing behind.

Read the full story by INsauga.

9th Aug 2024

High-Rise Master Plan to Replace The Shops at Pickering Ridge

A new high-rise community, the Pickering Design Centre, is proposed along Highway 401 near Pickering and Ajax GO stations. This multi-phased project by Bayfield Realty will span seven blocks featuring buildings up to 43 storeys, 5,249 units, and a central park. Phase 1 completion is planned for 2026.

Read the full story by Urban Toronto.

As a legal practitioner with a busy practice, Real Estate Recap provides me with an insightful and quick update on the current real estate happenings in Canada. Not only is the information helpful for my personal use, it goes a long way in dealing with relevant legal issues for clients.

Real Estate Recap is a fantastic resource! It’s packed with useful information about market trends and provides educating insights that help readers understand the real estate market better. The practical tips and clear explanations make it a must-read for anyone looking to stay informed and learn more about the real esate market!

Staying on top of real estate news can be hard, but thanks to RealEstateRecap, I don’t miss a beat. Their updates are informative, and make it easy to stay in the know. Great Newsletter, Thank you

Very informative newsletter! It is now my go to source for all real estate news.

Great newsletter! Very insightful and it provides all the key points without being a long, tedious read. Very well done!

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