Toronto, ON – March 23, 2025 — Toronto is undergoing a major real estate transformation this spring, with 65 active development projects making significant progress across the city and the Greater Toronto Area (GTA). From soaring condo towers downtown to purpose-built rentals and massive transit-oriented communities, the city is pushing forward with rapid urban growth.
Several high-profile developments are now reshaping the urban core. Construction on The One at Yonge and Bloor, one of Canada’s tallest buildings, continues to climb, while the striking Mirvish+Gehry towers are also rising fast on King Street West. In the university district, Cielo Condos near the University of Toronto has nearly completed its structure.
Beyond the downtown core, Toronto’s suburban centers are buzzing with new life. The Golden Mile revitalization in Scarborough, the redevelopment of East Harbour into a mixed-use employment and residential hub, and intensification around North York’s Yonge-Sheppard area are key examples of how the city is building upwards and outwards.
What’s driving this wave of development? Transit.
Projects clustered around the Eglinton Crosstown LRT, the upcoming Ontario Line, and the Sheppard Subway extension are reshaping neighborhoods with high-density housing, shops, and office spaces. Transit-oriented communities are becoming the city’s blueprint for the future, offering walkable, connected, and sustainable living.
Meanwhile, developers are also responding to housing affordability concerns. A growing number of purpose-built rental buildings are being introduced in midtown, Etobicoke, and Scarborough, addressing long-term rental demand in a challenging housing market.
Trending Areas to Watch:
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Downtown East: Massive redevelopment near Sherbourne and Parliament.
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Etobicoke: New towers emerging along The Queensway and Islington.
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North York: Major intensification around Yonge and Sheppard.
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Scarborough: Golden Mile turning into a vibrant live-work-play community.
Developers are embracing sustainability, larger living spaces, and modular construction methods to meet market needs and speed up delivery. Industry experts say these trends reflect a city that is not only growing but evolving to meet the needs of a modern population.
With opportunities in pre-construction, rental, and mixed-use investments, 2025 is shaping up to be a defining year in Toronto’s real estate story.
For updates on Toronto developments, market trends, and real estate tech, stay tuned to TheRealtyNews.com.
