As Toronto sees a rise in data centres, one developer is responding to demand by planning a facility just outside the city’s core.
The proposed 87,000-square-foot facility is intended to attract corporate clients to rent out racks of servers – or one prime tenant that will rent out the entire building, says Charles Goldsmith, president of Beeches Development Inc., the leading firm behind the project. It’s expected that Toronto-based companies seeking proximity to their data servers will be most drawn to the site, to be located in the Leaside neighbourhood at 154 Wicksteed Ave.
Toronto’s data centre market stood out in 2025, with real-estate giant CBRE reporting that the city’s total inventory reached 315 megawatts in the first half of the year, with another 153 megawatts under construction.
Canada’s data centre colocation market is projected to reach a value of US$2.11-billion by 2030, with a 7.33-per-cent compound annual growth rate since 2024, according to market research.
