A 29-storey rental and condo tower is poised to replace an 1959 apartment building where the Annex meets the University of Toronto. Tenblock have filed Zoning By-law Amendment (ZBA) and Site Plan Approval (SPA) applications to permit the redevelopment of 145 St George Street with a new tower, replacing the 130 rental units in the existing building while adding an additional…
One of Realosophy’s clients asked me an interesting question last month:Most home buyers worry about buying a home during a bubble because they fear that home prices are going to crash. So why, as the owner of a real estate brokerage, do you raise the alarm about a housing bubble?Coincidentally, the same week, a friend who works at one of…
The global COVID-19 pandemic is having far-reaching effects in Toronto, including major impacts on the real estate and building industries. Many jobs and most events are currently suspended, postponed, or affected in other ways, though UrbanToronto is still operating at full strength with our team working remotely. As a means to keep the public in the loop about the shutdowns,…
Latest economic data suggests Canadian mortgage rates will hold steady. Last week we received the latest US and Canadian employment reports, for May, and once again, both fell short of expectations. If you’re wondering how these results might impact Canadian mortgage rates, I continue to expect that the US employment data will matter more than the Canadian data over the…
Throughout the last year of global turmoil brought on by the COVID-19 pandemic, most people who commuted to offices previously have since been working remotely as a means to limit the spread of the virus. As a result, most offices are currently staffed by small crews, while businesses face continued overhead costs for the currently under-utilized space. While working environments that fostered…
Toronto’s Garden District at Jarvis and Gerrard streets is soon to get a boost in density with the upcoming PRIME Condos development from the team of developers CentreCourt and Centrestone Urban Developments Inc. Designed by IBI Group, the 45-storey building is bringing just shy of 600 condominium units to the area, along with a collection of common and amenity areas appointed by Figure3, including a lobby furnished…
‘It’s a miracle’: How two TTC subway trains came within seconds of a disastrous collision; How Toronto’s losing bid for Amazon’s ‘HQ2’ headquarters still delivered benefits; Doug Ford wants you to think Ontario Place isn’t worth saving. He needs to take a walk; and more news: ‘It’s a miracle’: How two TTC subway trains came within seconds of a disastrous collision (Toronto Star)…
What would you do if you knew absolutely nothing about real estate but really, really wanted to learn? Where would go turn to? Would you ask your parents for insights? Would you read the Toronto Real Estate Board’s press releases? Would you read some random real estate agent’s biased blog? Would you find any and every real estate-related article in…
By day, 240 Duncan Mill Road is an unassuming eight-storey office building in the business park area near Toronto’s Don Mills and York Mills intersection. By night, the building comes alive with colourful LED window illumination, the result of an ongoing revitalization of the 1972-built structure. The building’s night display was recently captured in a series of photos by Forum…
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