This is called a dawn redwood tree. In 2015, it was voted as the most unique tree in the Great Toronto Tree Hunt. Unfortunately this is now 404 on the site and I could not find the photographs of the winning, or nominated trees. This is a very strange looking tree. I hope it is still standing and lasts a very long time.
This type of tree has been around from the ages of dinosaurs and it can grow in zone 5 but likes lots of sun and water. I looked for more photographs of this tree. Not all were as red as this. It might depend on the lighting at the time the photograph was taken, or the conditions may have been just right for it where this tree is planted.
Interested in growing one in Ontario? I found a post about growing dawn redwood,s and a variety called gold rush, for Ontario gardeners at Canada’s Local Gardener magazine: Ontario story – dawn redwood.
Near the Children’s Centre and Teaching Garden sits a massive and rare find – a dawn redwood (aka metasequoia), believed to be one of the oldest deciduous conifers in Toronto. It was a winner in the uniqueness category of LEAF’s Great Toronto Tree Hunt, submitted by author Jason Ramsay-Brown. It’s said to have been planted in 1960 on a plot bathed in early-morning sunlight on June 20 each year – the birthday of the wife of the gardener who planted it.
Source: Hidden Toronto: a growing list of the city’s best-kept secrets