Buttonville Airport to continue operations into 2023

Cadillac Fairview (“CF”), Armadale Co. Limited (“Armadale”), and Torontair Limited (“Torontair”) today announced that the Toronto Buttonville Municipal Airport (“Buttonville Airport”) will continue operations until at least spring 2023.

In 2011, CF and Armadale, owners of the lands at Buttonville Airport, submitted an application for land use changes to the site to permit a world-class employment district and vibrant, mixed-use lifestyle destination.

Due to significant delays in reaching an appropriate rezoning, CF, Armadale and Torontair have extended the timeline for airport operations to continue for up to five years, into spring 2023. The outlook for extensions beyond this date will be dictated by progress on approvals.