COVID-19: UrbanToronto Updates from the Industry for December 11, 2020

The global COVID-19 pandemic is having far-reaching effects in Toronto, including major impacts to what have been booming real estate and building industries. Many jobs and most events are currently suspended, postponed, or affected in other ways, though UrbanToronto is still operating at full strength with our team working remotely. As a means to keep the public in the loop about the shutdowns, we’ll be sharing information and status updates from around the industry on a regular basis.

In today’s report: City of Toronto continues working with community-based agencies to provide mental health support to vulnerable residents during the COVID-19 pandemic, FAO report highlights Ontario municipalities’ need for 2021 relief funding due to COVID-19, Markham approves 0% property tax rate increase to support community during the pandemic, and more news from the COVID-19 front.

Covid-19, coronavirus, housing market, construction, GTA, TorontoToronto skyline, image by Forum contributor Jasonzed

Government notices and announcements: 

Ontario Ready to Receive COVID-19 Vaccines

City of Toronto continues working with community-based agencies to provide mental health support to vulnerable residents during the COVID-19 pandemic

FAO report highlights Ontario municipalities’ need for 2021 relief funding due to COVID-19

City of Toronto update on COVID-19

Short-term rentals operators in Toronto must register by December 31 to continue hosting

COVID-19 Lockdown: Sweet Home Mississauga – How to Safely Enjoy the Holiday Season

Statements from Markham Mayor Frank Scarpitti in response to COVID-19

Markham approves 0% property tax rate increase to support community during the pandemic

Brampton City Council approves 2021 Budget with third consecutive tax freeze and record contribution to reserves

Ontario Expands Funding for Supportive Housing

Private sector/other notices and announcements:

RE/MAX Blog: Bank of Canada Makes Interest Rate Announcement

TTC Board to hold next virtual meeting on December 15

TTC continues to prioritize busiest routes for service

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REMINDER: Download the COVID Alert app today

Everyone from construction workers to brokers to real estate executives is encouraged to share tips on what work and events have stopped, what is proceeding, and how their businesses are being affected by the various shutdowns.