Brandon Donnelly — Daily insights for city builders. Published since 2013 by Toronto-based real estate developer Brandon Donnelly. — Page 710

New York City just made its " Open Restaurants " program permanent. Originally set to expire at the end of the October, the al fresco dining program -- which allows restaurants to use sidewalks and curb lanes adjacent to their business -- is now being thought of as something that will permanently reshape public space in the city.

Along with this announcement, the City also provided clarity on how heating and enclosures may be used throughout the winter months. Electrical heaters can be used anywhere. But propane heaters can only be used on sidewalks and you'll need to get a permit from the fire department. Prior to this announcement, there was an outright ban on propane heaters.

Tents and other enclosures are now permitted, but at least 50% of the side walls needs to remain open for ventilation. Otherwise it gets classified as indoor dining and those rules would then apply. However, fully enclosed structures, such as cool looking Instagrammable domes, are allowed for individual parties provided there's "adequate ventilation." Whatever that means.

This is yet another example of how COVID-19 is forcing us to reconsider the way we think about and use public space within our cities -- perhaps forever. And in this particular case, it'll be interesting to see to what extent cities embrace dining outside in the winter. Some of us already do it when we, for example, après ski. Could the same thing work in our cities?

Photo by Aleks Marinkovic on Unsplash

Today I'm excited to announce the latest artist collaboration at Junction House . (For a background on the others, click here .) Bogota-born, Toronto-based Juanita Lee-Garcia has created a series of hand-cut collage panels for the construction hoarding at Junction House (the background color is the project's signature electric blue color).

In this installation, Lee-Garcia uses repetition and image repurposing to investigate the limits and the potential of decor in consumer culture. Her work uses simple gestures such as slicing, inserting, folding, and layering to build these new and abstract forms. They are intended to feel both fresh and unfamiliar, as well as comforting -- perhaps because of some of their cultural associations.

We love these sorts of collaborations because we want every single one of our development projects to be more than just a new building. We want it to be a catalyst for positive city building change. So the next time you're in the Junction, I would encourage you to stop by 2720 Dundas Street West and take in Juanita's work. Limited edition prints of the panels are also available on her website .

Population growth -- so, immigration -- is a crucial demand driver for the real estate industry, and for the growth of the overall Canadian economy. Last year, Canadian immigration averaged about 28,400 people per month, according to a recent equity research report (on the apartment sector) by TD Bank. The total number for 2019 was 341,175 people.

Not surprisingly, this number fell off in March of this year with the closing of our borders. In March, immigration declined to 18,560 per month and bottomed out in April with only 4,135 immigrants being admitted to the country. This has no doubt been a factor in some of the rent softening that we have seen in the multi-family space.

While it's unlikely that Canada will meet its 2020 target of 320,000 to 370,000 new immigrants, it's important to note that we have seen a fairly swift recovery (see above). In June of this year, the number rebounded to 19,175 new immigrants. And I'm certain that most of this cohort still went straight toward our biggest cities.

It's also important to keep in mind that Canada's three-year goal (2020-2022) remains 1 million new immigrants. TD is of the opinion that this target is still attainable, as this "short-term immigration headwind" is likely to flip into a tailwind once our borders become more porous and we get to the other side of this pandemic.

Looking back on this post from earlier in the week , I think it's pretty safe to say that you could bucket this immigration blip into (1) short-term dislocation. It is not a (3) long-term structural change. Canada remains one of the greatest countries in the world. We will continue to attract smart and ambitious people from all around the world, and most will want to settle in our urban centers.

All of this, of course, will be good for the real estate industry and will be vital to the strength of the Canadian economy as a whole.

Chart: TD Securities