OTTAWA - The pace of home building slowed in October to a softer reading than economists expected in a report by the federal mortgage insurer, providing yet more evidence of a cooling housing market.

Canada Mortgage and Housing Corp. said Thursday there were 17,507 actual housing starts last month. That translates into a seasonally-adjusted annual rate of 204,107 starts, down almost nine per cent from an annual rate of 223,995 recorded in September.

CMHC said there were drops in both single- and multiple-unit starts in urban areas last month.

Declines were recorded in all regions, with Quebec reporting the biggest drop at 16.9 per cent.

"The monthly decrease in total housing starts posted in October was mostly due to a decrease in both single and multiple starts in urban centres in Quebec and the Prairies," Mathieu Laberge, deputy chief economist at CMHC, said in a release.

"Multiple starts also declined in many urban centres in Ontario, more than offsetting an increase in such starts in Toronto."

Seasonally-adjusted urban starts decreased 1.5 per cent in British Columbia, 6.4 per cent in Ontario, 12.3 per cent in the Prairies, and 16.8 per cent in Atlantic Canada.

The agency, which provides mortgage insurance to home buyers and market intelligence to the real-estate industry, estimates rural starts came in at a seasonally-adjusted annual rate of 21,973 units in October.

Earlier this week, the federal Crown corporation predicted 177,300 to 209,900 of housing units will be started next year — substantially less than the forecast of 210,800 to 216,600 for 2012.

Bank of Canada governor Mark Carney said the slowdown is consistent with the bank's expectations.

"We view household formation around 190,000 annualized and the starts are a little north of 200,000, so they've slowed from a very rapid pace to a pace that's still above household formation," Carney said in Montreal.

"We're expecting this decreased contribution from housing relative to GDP... We're starting to see some things that are consistent with that, so it's entirely consistent with expectations."

Emanuella Enenajor of CIBC WM Economics noted that "despite low (interest) rates and surprisingly resilient investor demand, housing construction looks to be struggling to attain new heights in recent months."

"Although the housing starts data tend to be volatile month-to-month, we expect to see a trend in softening starts through 2013, as a slowdown in secondary market activity weights on homebuilding."

The CMHC data suggests housing starts — where trends tend to lag those in the home resale market — are falling in line with home sales figures released in the last few months, which points to a broader slowdown in Canada's housing market.

The latest figures from Canadian Real Estate Association found sales in September fell 15.1 per cent from a year earlier, due in large part to a further tightening of mortgage rules and a slowdown in Vancouver.

A real estate expert at Queen’s University called the drop in housing starts in October "significant" and said it's "clear evidence" that the housing market is slowing down.

"(The numbers) provide sound evidence reinforcing the idea that housing markets in most regions and cities are cooling off rapidly," John Andrew, director of the Queen's real estate roundtable, said in a release.

"Housing starts are clearly responding to the decrease in new and existing home sales that we've seen in most markets over the past few months, especially for condos. I expect this trend to deepen over the remainder of 2012 and likely into 2013."

In a global outlook released last month, the International Monetary Fund singled out housing and household debt, which currently sits at a near-record 163 per cent of income, as the key areas of concerns for Canada.

Those concerns have been voiced before, including by Bank of Canada governor Mark Carney and Finance Minister Jim Flaherty, who has moved four times in as many years to reduce mortgage lending.

Over-saturation, high prices, high debt levels and recent tightening of mortgage rules are impacting the resale market, economists have noted, particularly in the previously torrid markets of Toronto and Vancouver.

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  • Calgary: 3-bedroom house

    <strong>$1.08 million:</strong> Located in the trendy Altadore neighbourhood of Calgary, this as-yet-unbuilt modernist house features views of the downtown core as well as a personal elevator. Source: Keller Williams Realty

  • Calgary: 3-bedroom house

    <strong>$1.08 million:</strong> Located in the trendy Altadore neighbourhood of Calgary, this as-yet-unbuilt modernist house features views of the downtown core as well as a personal elevator. Source: Keller Williams Realty

  • Calgary: 3-bedroom house

    <strong>$1.08 million:</strong> Located in the trendy Altadore neighbourhood of Calgary, this as-yet-unbuilt modernist house features views of the downtown core as well as a personal elevator. Source: Keller Williams Realty

  • Toronto: 1-bedroom condo

    <strong>$988,000:</strong> Located in the posh Residences of the Ritz Carlton, in the heart of Toronto, this condo features one of only a handful of private terraces in the entire building. Source: Sotheby's International

  • Toronto: 1-bedroom condo

    <strong>$988,000:</strong> Located in the posh Residences of the Ritz Carlton, in the heart of Toronto, this condo features one of only a handful of private terraces in the entire building. Source: Sotheby's International

  • Toronto: 1-bedroom condo

    <strong>$988,000:</strong> Located in the posh Residences of the Ritz Carlton, in the heart of Toronto, this condo features one of only a handful of private terraces in the entire building. Source: Sotheby's International

  • Montreal: 4-bedroom rowhouse

    <strong>$998,000:</strong> This historic townhouse in the wealthy enclave of Westmount is "of historic interest," according to the realtor, and features its original glass doors and marble panels at the entrance. Source: Sotheby's International

  • Montreal: 4-bedroom rowhouse

    <strong>$998,000:</strong> This historic townhouse in the wealthy enclave of Westmount is "of historic interest," according to the realtor, and features its original glass doors and marble panels at the entrance. Source: Sotheby's International

  • Montreal: 4-bedroom rowhouse

    <strong>$998,000:</strong> This historic townhouse in the wealthy enclave of Westmount is "of historic interest," according to the realtor, and features its original glass doors and marble panels at the entrance. Source: Sotheby's International

  • West Vancouver: 1-bedroom condo

    <strong>$985,000:</strong> The real estate agent boasts that this property offers a "spectacular 180 degree view of the city, Lions Gate Bridge, Stanley Park, Kitsilano, Point Grey and beyond to Vancouver Island." Source: Angell Hasman Realty

  • West Vancouver: 1-bedroom condo

    <strong>$985,000:</strong> The real estate agent boasts that this property offers a "spectacular 180 degree view of the city, Lions Gate Bridge, Stanley Park, Kitsilano, Point Grey and beyond to Vancouver Island." Source: Angell Hasman Realty

  • West Vancouver: 1-bedroom condo

    <strong>$985,000:</strong> The real estate agent boasts that this property offers a "spectacular 180 degree view of the city, Lions Gate Bridge, Stanley Park, Kitsilano, Point Grey and beyond to Vancouver Island." Source: Angell Hasman Realty

  • Charlottetown, P.E.I.: 8-bedroom house

    <strong>$998,700:</strong> This historic property was once the Edenhurst Inn and is now on sale as a private residence. "No expense was spared in the construction of this home using sycamore and oak for interior finishing," the realtor says. Source: Re/Max Charlottetown

  • Charlottetown, P.E.I.: 8-bedroom house

    <strong>$998,700:</strong> This historic property was once the Edenhurst Inn and is now on sale as a private residence. "No expense was spared in the construction of this home using sycamore and oak for interior finishing," the realtor says. Source: Re/Max Charlottetown

  • Charlottetown, P.E.I.: 8-bedroom house

    <strong>$998,700:</strong> This historic property was once the Edenhurst Inn and is now on sale as a private residence. "No expense was spared in the construction of this home using sycamore and oak for interior finishing," the realtor says. Source: Re/Max Charlottetown

  • Winnipeg: 4-bedroom house

    <strong>$989,900:</strong> This modernist mansion from custom home designers Artista Homes features three fireplaces, including a three-sided one, and ensuite bathrooms with heated floors. Source: Royal LePage Alliance

  • Winnipeg: 4-bedroom house

    <strong>$989,900:</strong> This modernist mansion from custom home designers Artista Homes features three fireplaces, including a three-sided one, and ensuite bathrooms with heated floors. Source: Royal LePage Alliance

  • Kamloops, B.C.: 2-bedroom ranch house

    <strong>$960,000:</strong> This ranch house inspired by the "pueblo" style of the U.S. southwest is located in one of the few places in Canada that look like the southwest U.S. — the B.C. interior. The house features foot-thick concrete walls, and is set into the hillside to look half-buried. Source: Royal LePage Kamloops

  • Kamloops, B.C.: 2-bedroom ranch house

    <strong>$960,000:</strong> This ranch house inspired by the "pueblo" style of the U.S. southwest is located in one of the few places in Canada that look like the southwest U.S. — the B.C. interior. The house features foot-thick concrete walls, and is set into the hillside to look half-buried. Source: Royal LePage Kamloops

  • Kamloops, B.C.: 2-bedroom ranch house

    <strong>$960,000:</strong> This ranch house inspired by the "pueblo" style of the U.S. southwest is located in one of the few places in Canada that look like the southwest U.S. — the B.C. interior. The house features foot-thick concrete walls, and is set into the hillside to look half-buried. Source: Royal LePage Kamloops

  • Montreal: 5-bedroom townhouse

    <strong>$985,000:</strong> The realtor humbly describes this property as a "cottage in Westmount," but with five bedrooms, four baths and parking for two, this "cottage" is pretty out-sized. Source: Profusion Realty

  • Montreal: 5-bedroom townhouse

    <strong>$985,000:</strong> The realtor humbly describes this property as a "cottage in Westmount," but with five bedrooms, four baths and parking for two, this "cottage" is pretty out-sized. Source: Profusion Realty

  • Montreal: 5-bedroom townhouse

    <strong>$985,000:</strong> The realtor humbly describes this property as a "cottage in Westmount," but with five bedrooms, four baths and parking for two, this "cottage" is pretty out-sized. Source: Profusion Realty

  • Toronto: 4-bedroom bungalow

    <strong>$989,000:</strong> Located in an area with lots of surrounding commercial properties, the seller notes that the zoning could easily be changed to allow for a business. But you can always just live in this property, if paying $1 million for a bungalow strikes you as reasonable. Source: Realty Way Corporation

  • Saskatoon: 3-bedroom house

    <strong>$970,000:</strong> Don't let your eyes deceive you: This isn't a historic property. Rather, this duplex is a recreation of the Todd House, a 19th-century home located in Toronto. It's so modern it even features an indoor garage. Source: Hallmark Realty

  • Saskatoon: 3-bedroom house

    <strong>$970,000:</strong> Don't let your eyes deceive you: This isn't a historic property. Rather, this duplex is a recreation of the Todd House, a 19th-century home located in Toronto. It's so modern it even features an indoor garage. Source: Hallmark Realty

  • Saskatoon: 3-bedroom house

    <strong>$970,000:</strong> Don't let your eyes deceive you: This isn't a historic property. Rather, this duplex is a recreation of the Todd House, a 19th-century home located in Toronto. It's so modern it even features an indoor garage. Source: Hallmark Realty

  • Port Medway, N.S.: 3-bedroom seaside estate

    <strong>$990,000:</strong> Originally meant to be occupied by the architect who designed this property, this property on Nova Scotia's South Shore is "designed to be self-sustaining," the realtor says, and was built partly using reclaimed and re-purposed materials. Source: Tradewinds Realty

  • Port Medway, N.S.: 3-bedroom seaside estate

    <strong>$990,000:</strong> Originally meant to be occupied by the architect who designed this property, this property on Nova Scotia's South Shore is "designed to be self-sustaining," the realtor says, and was built partly using reclaimed and re-purposed materials. Source: Tradewinds Realty

  • Port Medway, N.S.: 3-bedroom seaside estate

    <strong>$990,000:</strong> Originally meant to be occupied by the architect who designed this property, this property on Nova Scotia's South Shore is "designed to be self-sustaining," the realtor says, and was built partly using reclaimed and re-purposed materials. Source: Tradewinds Realty

  • An actual house in Vancouver!

    It may be a shock to some, but yes, it is possible to buy an actual house — not a condo — for under a million in Vancouver. Here's proof: A two-bedroom property in the city's desirable Kitsilano neighbourhood, for a mere <strong>$998,800!</strong> Source: Sutton Group - West Coast

  • An actual house in Vancouver!

    It may be a shock to some, but yes, it is possible to buy an actual house — not a condo — for under a million in Vancouver. Here's proof: A two-bedroom property in the city's desirable Kitsilano neighbourhood, for a mere <strong>$998,800!</strong> Source: Sutton Group - West Coast

  • An actual house in Vancouver!

    It may be a shock to some, but yes, it is possible to buy an actual house — not a condo — for under a million in Vancouver. Here's proof: A two-bedroom property in the city's desirable Kitsilano neighbourhood, for a mere <strong>$998,800!</strong> Source: Sutton Group - West Coast



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  • 12 Degrees

    This 11-story building near Toronto's Queen West, developed by BSäR Group Of Companies and Prince Bay Developments, is meant to reflect the "building-block" feel of other buildings in the neighbourhood, such as the Art Gallery of Ontario and the Ontario College of Art and Design. Expected completion date: January 2013.

  • 12 Degrees

    This 11-story building near Toronto's Queen West, developed by BSäR Group Of Companies and Prince Bay Developments, is meant to reflect the "building-block" feel of other buildings in the neighbourhood, such as the Art Gallery of Ontario and the Ontario College of Art and Design. Expected completion date: January 2013.

  • 12 Degrees

    This 11-story building near Toronto's Queen West, developed by BSäR Group Of Companies and Prince Bay Developments, is meant to reflect the "building-block" feel of other buildings in the neighbourhood, such as the Art Gallery of Ontario and the Ontario College of Art and Design. Expected completion date: January 2013.

  • West Harbour City

    Completed in 2010, this building on Toronto's western lakeshore gives the city a new Gothic touch. Developed by Plazacorp and designed by Quadrangle Architects, the 36- and 28-story condo towers are quickly becoming a city landmark.

  • West Harbour City

    Completed in 2010, this building on Toronto's western lakeshore gives the city a new Gothic touch. Developed by Plazacorp and designed by Quadrangle Architects, the 36- and 28-story condo towers are quickly becoming a city landmark.

  • Hive Lofts on the Queensway

    Designed by Teeple Architects and developed by Symmetry Developments, this six-story low-rise will change the feel of Toronto's Queensway neighbourhood. Construction expected to be completed by May, 2013.

  • Hive Lofts on the Queensway

    Designed by Teeple Architects and developed by Symmetry Developments, this six-story low-rise will change the feel of Toronto's Queensway neighbourhood. Construction expected to be completed by May, 2013.

  • TCHC Block 32

    OK so this isn't exactly a condo tower -- it's a rental building being developed by the Toronto Community Housing Corporation. The 41-story apartment building is set to be completed in late 2012, and the building makes two important points: That rental aprtment buildings can have character; and that if designed properly, buildings can look cool in winter.

  • TCHC Block 32

    OK so this isn't exactly a condo tower -- it's a rental building being developed by the Toronto Community Housing Corporation. The 41-story apartment building is set to be completed in late 2012, and the building makes two important points: That rental aprtment buildings can have character; and that if designed properly, buildings can look cool in winter.

  • 190OZ

    190OZ, to be located on Ossington Street in the city's west side, is another example of the "building block" style that is becoming popular in Toronto. Developed by Reserve Properties, the six-story building should be online in 2014.

  • 190OZ

    190OZ, to be located on Ossington Street in the city's west side, is another example of the "building block" style that is becoming popular in Toronto. Developed by Reserve Properties, the six-story building should be online in 2014.

  • King West Condominiums

    This monstrous, three-pronged condo tower isn't slated to open until mid-2013, but its shadow is already changing Toronto's landscape. Developed by Plazacorp and designed by Quadrangle Architects, the building features a 20,000-square-foot fitness club and no fewer than two bowling alleys.

  • King West Condominiums

    This monstrous, three-pronged condo tower isn't slated to open until mid-2013, but its shadow is already changing Toronto's landscape. Developed by Plazacorp and designed by Quadrangle Architects, the building features a 20,000-square-foot fitness club and no fewer than two bowling alleys.

  • King West Condominiums

    This monstrous, three-pronged condo tower isn't slated to open until mid-2013, but its shadow is already changing Toronto's landscape. Developed by Plazacorp and designed by Quadrangle Architects, the building features a 20,000-square-foot fitness club and no fewer than two bowling alleys.

  • Edge on Triangle Park

    This 15-story building from Plazacorp and architects Tact Design brings European modernism to Toronto's Liberty Village neighbourhood. The big empty spaces in the building (note the gap on the right side of the main facade) create a "shine-through" effect that gives the building more than the usual amount of lighting. Completion slated for January, 2014.

  • Edge on Triangle Park

    This 15-story building from Plazacorp and architects Tact Design brings European modernism to Toronto's Liberty Village neighbourhood. The big empty spaces in the building (note the gap on the right side of the main facade) create a "shine-through" effect that gives the building more than the usual amount of lighting. Completion slated for January, 2014.

  • Studio on Richmond

    Aspen Ridge Homes is planning this futuristic (some would even say Blade Runner-ish) building complex for Toronto's repidly gentrifying downtown east side. Once completed, the complex will feature two towers -- one 41 stories, the other 31 stories. Another project from Quadrangle Architects, this one is slated for completion in January, 2015.

  • Studio on Richmond

    Aspen Ridge Homes is planning this futuristic (some would even say Blade Runner-ish) building complex for Toronto's repidly gentrifying downtown east side. Once completed, the complex will feature two towers -- one 41 stories, the other 31 stories. Another project from Quadrangle Architects, this one is slated for completion in January, 2015.

  • Studio on Richmond

    Aspen Ridge Homes is planning this futuristic (some would even say Blade Runner-ish) building complex for Toronto's repidly gentrifying downtown east side. Once completed, the complex will feature two towers -- one 41 stories, the other 31 stories. Another project from Quadrangle Architects, this one is slated for completion in January, 2015.

  • Fashion House

    Fashion House incorporates a heritage building on Toronto's King Street West into a modern condo and retail complex. Designed by Core Architects and developed by Freed Developments, the building is one of Toronto's most unique restorations of a historical building.

  • Fashion House

    Fashion House incorporates a heritage building on Toronto's King Street West into a modern condo and retail complex. Designed by Core Architects and developed by Freed Developments, the building is one of Toronto's most unique restorations of a historical building.

  • Fashion House

    Fashion House incorporates a heritage building on Toronto's King Street West into a modern condo and retail complex. Designed by Core Architects and developed by Freed Developments, the building is one of Toronto's most unique restorations of a historical building.

  • Emerald Park

    Yes, people will be living in the curvy parts at the top, and what a downward view they'll have. This condo complex in north Toronto (401 and Yonge St.) will feature twin 42- and 43-story towers, and is slated for completion in August, 2013. It was developed by Metropia, Pure Plaza, and the architect is Roy Varacalli.

  • Emerald Park

    Yes, people will be living in the curvy parts at the top, and what a downward view they'll have. This condo complex in north Toronto (401 and Yonge St.) will feature twin 42- and 43-story towers, and is slated for completion in August, 2013. It was developed by Metropia, Pure Plaza, and the architect is Roy Varacalli.

  • Emerald Park

    Yes, people will be living in the curvy parts at the top, and what a downward view they'll have. This condo complex in north Toronto (401 and Yonge St.) will feature twin 42- and 43-story towers, and is slated for completion in August, 2013. It was developed by Metropia, Pure Plaza, and the architect is Roy Varacalli.

  • X The Condominium

    Designed by architectsAlliance for Great Gulf Homes, this building is recognizable to many Torontonians as an homage to the smoky black TD Bank tower on the city's skyline. Interesting as the building is, we're hoping the trend doesn't catch on, or the city will become a forest of black rectangles.

  • X The Condominium

    Designed by architectsAlliance for Great Gulf Homes, this building is recognizable to many Torontonians as an homage to the smoky black TD Bank tower on the city's skyline. Interesting as the building is, we're hoping the trend doesn't catch on, or the city will become a forest of black rectangles.

  • X The Condominium

    Designed by architectsAlliance for Great Gulf Homes, this building is recognizable to many Torontonians as an homage to the smoky black TD Bank tower on the city's skyline. Interesting as the building is, we're hoping the trend doesn't catch on, or the city will become a forest of black rectangles.

  • The Schoolhouse Lofts

    The Schoolhouse is an example of creative urban land use. Once known as Loretto College, the building has been transformed from a school into a five-story loft and condo complex in the heart of Toronto's Annex neighbourhood. Designed by 3rd Uncle for Empire Communities, the building opened in March, 2010.

  • The Schoolhouse Lofts

    The Schoolhouse is an example of creative urban land use. Once known as Loretto College, the building has been transformed from a school into a five-story loft and condo complex in the heart of Toronto's Annex neighbourhood. Designed by 3rd Uncle for Empire Communities, the building opened in March, 2010.

  • The Schoolhouse Lofts

    The Schoolhouse is an example of creative urban land use. Once known as Loretto College, the building has been transformed from a school into a five-story loft and condo complex in the heart of Toronto's Annex neighbourhood. Designed by 3rd Uncle for Empire Communities, the building opened in March, 2010.

  • Seventy5 Portland

    Another building from Freed Developments and Core Architects, this low-rise near King and Bathurst has garnered a lot of attention for its irregular rectangular patterns. The 10-story condo building opened in 2010.

  • Seventy5 Portland

    Another building from Freed Developments and Core Architects, this low-rise near King and Bathurst has garnered a lot of attention for its irregular rectangular patterns. The 10-story condo building opened in 2010.

  • Market Wharf

    Architect Peter Clewes' project near St. Lawrence Market on the east side of downtown has gotten a lot of attention for blending a style that evokes the surrounding historic buildings, while throwing a modernist tower -- complete with crazy, wavy balconies -- into the city skyline. Developed by Context Developments, the building opened in 2012.

  • Market Wharf

    Architect Peter Clewes' project near St. Lawrence Market on the east side of downtown has gotten a lot of attention for blending a style that evokes the surrounding historic buildings, while throwing a modernist tower -- complete with crazy, wavy balconies -- into the city skyline. Developed by Context Developments, the building opened in 2012. (Photo: Tact Design)

  • Market Wharf

    Architect Peter Clewes' project near St. Lawrence Market on the east side of downtown has gotten a lot of attention for blending a style that evokes the surrounding historic buildings, while throwing a modernist tower -- complete with crazy, wavy balconies -- into the city skyline. Developed by Context Developments, the building opened in 2012. (Photo: Tact Design)

  • Theatre Park

    One of the coolest aspects of this very noticeable building is how not noticeable at all it is at ground level -- it appears to be just another small building on King Street West. Designed by architectsAlliance for Lamb Developments, the building is slated for completion in 2013.

  • Theatre Park

    One of the coolest aspects of this very noticeable building is how not noticeable at all it is at ground level -- it appears to be just another small building on King Street West. Designed by architectsAlliance for Lamb Developments, the building is slated for completion in 2013.

  • Theatre Park

    One of the coolest aspects of this very noticeable building is how not noticeable at all it is at ground level -- it appears to be just another small building on King Street West. Designed by architectsAlliance for Lamb Developments, the building is slated for completion in 2013.

  • The Printing Factory

    Another example of creative land use, this time in Leslieville on the city's east side. Architects Chandler Graham and Montgomery Sisam redesigned this defunct factory into modern lofts for Beaverbrook Homes, adding a tower that rises from the centre of the old print shop. The condo complex opened in 2010.

  • The Printing Factory

    Another example of creative land use, this time in Leslieville on the city's east side. Architects Chandler Graham and Montgomery Sisam redesigned this defunct factory into modern lofts for Beaverbrook Homes, adding a tower that rises from the centre of the old print shop. The condo complex opened in 2010.

  • Picasso

    This may well become the most iconic of Toronto's new generation of "building block" condos, rising above Richmond Street West, near similarly lego-shaped buildings like OCAD. Teeple Architects designed this for Monarch and the Goldman Group, and the building is slated to finish construction in January, 2015.

  • Picasso

    This may well become the most iconic of Toronto's new generation of "building block" condos, rising above Richmond Street West, near similarly lego-shaped buildings like OCAD. Teeple Architects designed this for Monarch and the Goldman Group, and the building is slated to finish construction in January, 2015.

  • Pier 27

    Four 14-story buildings, connected by skywalks, are at the heart of what may be the most bold and unique condo development in Canada -- Pier 27, which is currently under construction and is already changing the face of Toronto's grimy eastern lakeshore. Designed by architectsAlliance for Cityzen and Fernnbrook Homes. Watch for this building to win awards.

  • Pier 27

    Four 14-story buildings, connected by skywalks, are at the heart of what may be the most bold and unique condo development in Canada -- Pier 27, which is currently under construction and is already changing the face of Toronto's grimy eastern lakeshore. Designed by architectsAlliance for Cityzen and Fernnbrook Homes. Watch for this building to win awards.

  • Pier 27

    Four 14-story buildings, connected by skywalks, are at the heart of what may be the most bold and unique condo development in Canada -- Pier 27, which is currently under construction and is already changing the face of Toronto's grimy eastern lakeshore. Designed by architectsAlliance for Cityzen and Fernnbrook Homes. Watch for this building to win awards.

  • The L-Tower

    Designed by world-renowned architect Daniel Liebeskind, this 58-story condo tower will rise above the Sony Centre for the Performing Arts on Front Street. Being so close to the business district, the building's unique shape (it grows wider at the top, leaning out onto the street) will alter the city skyline permanently. The original design for the building called for a large open hole at the base of the "L" shape, but more recent illustrations suggest that part of the plan has been scaled back.

  • L-Tower

    Designed by world-renowned architect Daniel Liebeskind, this 58-story condo tower will rise above the Sony Centre for the Performing Arts on Front Street. Being so close to the business district, the building's unique shape (it grows wider at the top, leaning out onto the street) will alter the city skyline permanently. The original design for the building called for a large open hole at the base of the "L" shape, but more recent illustrations suggest that part of the plan has been scaled back.

  • L-Tower

    Designed by world-renowned architect Daniel Liebeskind, this 58-story condo tower will rise above the Sony Centre for the Performing Arts on Front Street. Being so close to the business district, the building's unique shape (it grows wider at the top, leaning out onto the street) will alter the city skyline permanently. The original design for the building called for a large open hole at the base of the "L" shape, but more recent illustrations suggest that part of the plan has been scaled back.

  • L-Tower

    Designed by world-renowned architect Daniel Liebeskind, this 58-story condo tower will rise above the Sony Centre for the Performing Arts on Front Street. Being so close to the business district, the building's unique shape (it grows wider at the top, leaning out onto the street) will alter the city skyline permanently. The original design for the building called for a large open hole at the base of the "L" shape, but more recent illustrations suggest that part of the plan has been scaled back.

  • Absolute World

    The Absolute Towers at Mississauga's Square One (also known as the "Marilyn Monroe" towers) are arguably the most celebrated new buildings in the Toronto area, having won an award for "Best Tall Building in the Americas" for 2012. Designed by MAD Architects for Cityzen and Fernbrook Homes, the twin buildings were completed in late 2011. So it appears that Mississauga's long struggle to climb out of Toronto's shadow may have borne some fruit at last.