The ambitious transformation of Scarborough’s Golden Mile—a 113-hectare corridor once slated for 75 new towers and 56,000 residents—has hit a significant roadblock. Despite the recent launch of the Eglinton LRT, the reality of Toronto’s current condo market has forced major developers, including Dream, to pause construction plans. Economic headwinds and a lack of project viability have made it difficult for developers to move forward, leading many to reconsider their initial phases. While no applications have been withdrawn, the focus has shifted toward smaller, more manageable phases of 350 units rather than massive 1,000-unit builds. As of February, GTA new home sales remain well below the 10-year average, highlighting the broader industry struggle. While the vision for a revitalized Golden Mile remains, the timeline has become increasingly uncertain. For a deeper look at how this impacts the future of Scarborough, read the full story at the Toronto Star.
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