Graywood Developments and Phantom Developments have broken ground on a 55-storey, 617-unit purpose-built rental apartment at 3201 Highway 7 in Vaughan Metropolitan Centre (VMC), just north of Toronto.
The technology industry’s share of downtown Toronto office leasing has increased from 10 per cent last year to 15 per cent this year, according to Avison Young, ranking it second to the financial services sector at 46 per cent.
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