JANUARY 21, 2025

Dear reader,

Something good just happened for the construction industry—and for us all. Mass timber buildings can now rise to 18 storeys, a six-floor bump that will help create more housing without torching the environment. Mass timber is as strong as concrete but cheaper and faster to manufacture. It’s also renewable, locally sourced and a design element that screams Canadiana.

The funny thing is, proto-versions of mass timber—less refined and more hoser-chic in nature—have existed in and around Toronto for generations. Curb Appeal’s top post this week, for example, is a 7,500-square-foot log cabin with tree trunks as pillars, overlooking Lake Rosseau in Muskoka. It’s good for the planet and good enough for Drake, who recently rented the place for about $99,000 a week.

Also in today’s newsletter: What can $1.5 million can net you this winter? Plus, a tour of three very different homes that just sold for over asking. And a look inside a handsome Edwardian near St. Clair and Yonge with a TV in the shower. For all of our real estate coverage and more, visit torontolife.com or subscribe to our print edition.

—Barry Jordan Chong, city and real estate editor

A six-bedroom, seven-bathroom cottage—plus its two-bedroom, one-bathroom boathouse—nestled on Lake Rosseau. Designed to blend in with nature, this escape also comes with a custom treehouse bedroom and a pristine waterfront. It’s a luxury property for those seeking a quiet lakeside experience, including Drake himself.

Many buyers remain cautious due to the uncertainty happening down south. But low inventory also means that strategically priced properties are in demand. Here, three agents on how they sold three different $1.5-million homes.

A major factor driving new activity is the CMHC’s recent rule changes, which have made it easier for first-time homebuyers to enter the market. And many savvy sellers are listing below market value to spark bidding wars.

This 2,800-square-foot classic detached in Casa Loma comes with a walk-in pantry, a nanny suite, tons of mature trees and a backyard deck that spans three levels. And it’s currently on the market for $4.7 million.

In the latest issue: the ultimate try-anything-once, antidote-to-doomscrolling bucket list for 2025. Plus, a ranking of the city’s best new cookies, up close and personal with the Beaches, and more. Still not receiving Toronto Life at home? Subscribe today.

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