canada square toronto

Massive new office and condo complex coming to midtown Toronto

A huge mixed-use development proposal could transform a portion of midtown Toronto with five office and condo skyscrapers.

Oxford Properties and CT REIT submitted the proposal to the City of Toronto on Monday.

The project proposal is to redevelop the 9.2 acre Canada Square property at the southwest corner of Yonge and Eglinton, according to a press release from Oxford Properties.

The five mixed-use towers with over 650,000 square feet will create new office space, street-related retail, 2,700 new homes, new community amenities and landscaped open spaces, improved transit infrastructure and a dedicated community space, in multiple phases.

canada square toronto

An aerial view of the property subject to re-development.

Approximately half of the site will be new outdoor space for the community, according to Oxford Properties.

"The current pandemic has vividly demonstrated the need for additional outdoor space in our urban centres and our proposal for Canada Square, where approximately half of the site is dedicated to open space, puts it at the heart of this development," said Mark Cote, Head of Development, Canada, Oxford Properties.

The project started back 2017 with a community engagement process.

Oxford is working with an architectural design team led by Pelli Clarke Pelli Architects and Hariri Pontarini Architects, with Adamson Associates Architects as Executive Architect. OJB Landscape Architecture will design the outdoor space.

canada square toronto

The proposal includes a large public space area.

The project plan comes in three phases.

The first phase will see a tower on the north side of the site that will accommodate 650,000 square feet of contemporary office space and approximately 420 residential units, located directly above the Eglinton interchange station for the TTC’s Line 1 subway and Line 5 Eglinton Crosstown LRT.

This site could include transit improvements for a new TTC bus terminal that integrates with the existing subway concourse.

At street level there will be a new public plaza that leads from the intersection to a new landscaped open space immediately south of the mixed-use tower, a creative use of the bus terminal's roof.

canada square toronto

The subject area as it looks today at Yonge and Eglington.

The second phase, at the south side of the site, features four residential towers including street-related retail and office space for community professional services, such as medical and dental uses, all oriented around a central courtyard accessed from a new public street.

The central precinct features a new 10,000 square foot community space with the potential to accommodate a day care centre, recreation space or other community services.

If approved the project could begin construction in 2023.

Lead photo by

Oxford Properties


Join the conversation Load comments

Latest in Real Estate

Toronto office vacancy rate soars as people continue to work from home

This is what a $900K detached house with a huge backyard looks like in Toronto

A proposal to build one of Toronto's tallest buildings is back from the dead

This is what a $16 million mansion looks like in Toronto

Huge tower and new subway entrance could soon transform Toronto intersection

Scary looking derelict Toronto houses could be torn down for futuristic condos

Mansion in Toronto's wealthiest neighbourhood drops its price by $1.5 million

This is what a $600K house looks like in Toronto