Commercial ceramic tiles are now being moved from warehouses in downtown Toronto to new warehouses in the city’s north.
A deal is expected to be finalized later this month.
The new locations will have a similar footprint to the existing commercial spaces but will be more modern and will have more outdoor space, said Brian Cramer, executive director of the Toronto Land Trust.
“This is a big step in bringing back this important commercial space to the city of Toronto,” he said.
The Toronto Land Transport Corporation has been looking to sell the commercial space it owns on Dundas Street West for years.
It currently has a lease on the space at the corner of Bloor Street West and Dundas Avenue West.
The agency, which also owns the former City Centre mall, has been selling the commercial properties to build a brand new downtown facility.
The city has promised to keep the buildings open until 2024, but the lease expires in 2025.
A temporary facility will open in 2019, and the agency is planning to renovate the space in the future.
Commercial ceramic tile is the second-largest commodity in the world, accounting for about 40 per cent of the global supply, according to the World Trade Organization.
The tile is used for the exterior of businesses, homes and other commercial properties.
The tile is also used in the production of ceramics, which are used in industrial processes such as ceramizers, glazing, ceramic tiles, and in the manufacture of ceramic tile.
The Tile Association of Canada has called for a change in the way Toronto and other major Canadian cities are managing their ceramic tile production, especially in light of the new Toronto Land Transfer Agreement.
“Ceramic tile has been one of the key materials in the fabric of modern city life, and it is a crucial component of our culture and economy, as well as an essential part of a city’s urban fabric,” said Matt McCowan, executive vice president of the association.
“The city should be making concrete decisions to ensure this continues to be a source of value for its citizens and the local economy.”