Northcrest and Canada Lands Company are creating a planning framework in collaboration with the local community.
The combined Northcrest and Canada Lands’ Downsview site is approximately 520 acres in total and includes the 2.2 km long Downsview Airport runway and a number of adjacent parcels; it represents one of the largest transit-connected sites in Toronto. It is located on the traditional territory of the Mississaugas of the Credit who signed Treaty 13 (1805), and the area has also been the historic homeland of the Huron Wendat and Haudenosaunee people.
With the airport coming to a close in 2023 and the subway extension complete, there’s an opportunity to revisit the land use framework for this area. Northcrest Developments, a wholly-owned subsidiary of the Public Sector Pension Investment Board (PSP Investments), and Canada Lands Company are working together to create a planning framework for the future of the site. The goal of this process is to ensure that the future development of this area will strengthen the city and nearby neighbourhoods. The adjacent 291-acre Downsview Park will be the heart of the community, and the size of the park will remain the same.
Northcrest and Canada Lands are striving to achieve a future for these lands that demonstrates how to build connected, sustainable, resilient, vibrant, healthy, and complete communities. Because the site is so large, the project will unfold in many phases and will take decades to evolve. A key part of the planning process will involve working closely with local residents and communities, as well as a wide range of people and organizations with interests in the area. Northcrest and Canada Lands are committed to this long term planning and development process.
Development of the Downsview site is currently regulated by the City of Toronto’s Downsview Area Secondary Plan. The Secondary Plan was last updated in 2011, and at that time the Airport had a significant influence on what was included in that Plan, as did the major public investment in the subway extension. With the airport coming to an end, this is an important opportunity to revisit the land use and development framework for the area.
Northcrest and Canada Lands will devote the coming year to developing an updated land use and development framework that will set out a foundation of principles and ideas to guide the future development of these lands.
In 2020, Northcrest and Canada Lands will begin the process of planning a future for the site that generates returns for their shareholders, while creating public benefits and supporting local communities and public policy priorities such as economic development, transit-oriented development, housing affordability and sustainability, and parks and community amenities. This work will take place in a public and transparent manner.
These first 12 months are only the start of what will be a process of re-imagining and redeveloping an area of the city that has dramatically evolved over time and will continue to evolve in the decades to come.
A site map, including ownership and the location
of Downsview Park, which will remain intact
Who are Northcrest and Canada Lands?
Northcrest Developments was established in 2018 as a wholly owned subsidiary of the Public Sector Pension Investment Board (PSP Investments). PSP Investments is a federal Crown corporation which manages funds for the pension plans of the federal Public Service, the Royal Canadian Mounted Police, the Canadian Armed Forces, and the Reserve Force. Northcrest is committed to delivering financial returns for its shareholder, PSP Investments, while generating public benefits.
Canada Lands Company specializes in real estate development and attractions management. Since 1995, it has enriched Canadian communities and experiences by embracing the full potential of the properties it owns and operates. Canada Lands is responsible for the operations of the CN Tower and Downsview Park in Toronto, the Old Port of Montréal, and the Montréal Science Centre. Canada Lands Company strives to enhance economic, social, and environmental value for Canadians.
Introducing the Northcrest and Canada Lands collaboration
Who is supporting Northcrest and Canada Lands?
Northcrest and Canada Lands have assembled an exceptional project team from Toronto and around the world to support the development of a framework for the future of Downsview. These consultants align in their shared interests in building sustainable, resilient, vibrant, healthy, and complete communities and in doing so through collaborative and transparent processes.
Together, we will be working closely with the public to ideate on solutions for this important opportunity that benefit the city, nearby neighbourhoods, and Canadians more generally. Through the process, you may get to meet some of the team. They include:
PUBLIC ENGAGEMENTSwerhun Inc.
Nbisiing Consulting Inc.
COMMUNICATIONS & DESIGN StrategyCorp