The number of purpose-built apartment transactions, and the size of those deals, has been trending downward. Higher interest rates are one reason for the trend, but other factors are also at play.
A vacant half-acre lot formerly occupied by a gas station and car wash at 875 The Queensway in Toronto, which will be the site of the proposed 150-unit Vicinity Condos, has been acquired by Burlington-based Equiton.
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