Unfortunately we probably still won't know much. Canadian Media and the Police are notorious for sugar coating major events and holding back on details so I wouldn't expect them to come right out and say it was a Mob hit if it was.
They'll definitely be wary to post anything especially after the Eaton Centre shooting two weeks ago.
EDIT:
http://www.theglobeandmail.com/news/toro...article4330824/ Here's a link to an article that suggests it was a targeted hit and that the victim was known as John or "Little John" in the area. He drove a lot of fancy cars.