Agency says resale housing market will “remain robust in 2021,” with average prices expected to reach up to $640,000 – nearly $110,000 above the 2020 average.
Minto Properties will construct the nine-storey building with about 230 rental suites at a one-acre site on Beechwood Avenue, and the REIT will have the option to purchase it at a discount.
Proposal calls for 127 units on Norman Street, just west of Preston Street, as part of company's bid to build 'a portfolio of high-quality rental buildings' in the core.