Toronto’s condo market is in ‘recessionary territory’ as investors can no longer prop it up, according to report from CIBC Economics and Urbanation; City Council approves $92M spend for two new electric ferries to serve Toronto Islands; Province pushing for above ground garage at Ontario Place due to cost, says head of CNE; and other news.

Toronto’s condo market is in ‘recessionary territory’ as investors can no longer prop it up, report says CIBC Economics and Urbanation (The Star)

Toronto city council approves $92M spend for two new ferries (electric ferries to serve Toronto Islands) (CityNews)

Province pushing for above ground garage at Ontario Place due to cost, says head of CNE (The Star)

Toronto council passes flood mitigation motion that could include stormwater charge on businesses (The Globe and Mail)

Vast majority of Toronto-area new condo investors losing money every month (Global News)

Ranking the best cities for renters in Canada and Toronto doesn’t even make the top 40, new report finds (The Star)

Weekend need-to-know: Music festivals galore across the city and Ossfest (CityNews)