News Roundup for April 26, 2022 | UrbanToronto

Buses back on regular service after striking workers forced GO Transit to alter routes; Urban exodus slows as Canadian homebuyers head back to the office; Developing workplaces close to condos, residential areas prevents ‘warehousing’ people; and more news. Average cost of condominium rental apartment now approaching pre-pandemic peak, real estate board says (CP24) Developing workplaces close to condos, residential areas prevents ‘warehousing’ people (Globe…

Spring Sunset | UrbanToronto

It’s a moody Spring sky during sunset that attracts the eye to this image by UrbanToronto Forum contributor jsmith77, that and the alternating reflective and dark sections of the Diamond Schmitt-designed Globe and Mail Centre at 351 King East. In the foreground; land has been fenced off where Corktown Station on the Ontario Line and its associated Transit Oriented Community will…

Fixed vs Variable: Which One Is Now the Better Bet?

Mortgage rates have surged higher of late. Five-year fixed rates are now offered in the 4% range, and while five-year variable rates are still offered at discounts of about 1.50% below that, the Bank of Canada (BoC) recently hiked its policy rate by 0.75% and is warning Canadians to “expect further increases”. Against that backdrop, it’s time for a fresh…

Edwardian Architecture At Printers Row Lofts In Riverdale, Toronto

I’m Steve Fudge, and I sell real estate. Welcome to my blog on housing, culture, and design in the City of Toronto, Ontario, Canada. Today I wanted to share my love for Toronto’s Edwardian architecture and, in particular, the adaptive reuse conversion of the former Bell Telephone Company’s world headquarters (circa 1911) into 12 custom contemporary lofts in Riverdale, a…

Toronto Advances Community Centre Plan in Davisville Village | UrbanToronto

The City of Toronto has submitted a Site Plan Approval application for a site in the Davisville Village. Not far east of the Davisville and Yonge Street intersection, the site includes the new Davisville Junior Public School and Spectrum Alternative Senior School building which opened in September, 2021. The proposed CS&P Architects-designed 3-storey recreational facility would replace part of the…

Collecdev Shares Construction Milestones of Cielo Condos | UrbanToronto

Collecdev has begun work on Cielo Condos, a 29-storey tower that will rise at the site of Bloor Street United Church (BSUC) at the northwest corner of Bloor and Huron streets in Downtown Toronto. First constructed in 1886, the church is to be part of the redevelopment, with the United Church of Canada getting a new head office space here, while the congregation…

The Ivy Rises Above Its Heritage Base at Gloucester and Yonge | UrbanToronto

The Ivy, a new rental tower at the northeast corner of Yonge and Gloucester streets in Downtown Toronto, has recently risen above a pair of heritage buildings that it incorporates into its base. Developed by Tricon Capital and Angel Developments, the Graziani + Corazza Architects-designed tower currently has crews working on forming the 11th of its eventual 34 storeys.  The Ivy, 11 storeys into…

City-Led Pilot to Bring 100 Affordable Rentals to Dundas and Ossington | UrbanToronto

Mayor John Tory announced this morning that a Toronto Parking Authority parking lot located at 1117 Dundas Street West near the intersection with Ossington Avenue, will be the operating site of a new pilot program that will bring 100 new affordable rental homes to the city.  This project will be the first of its kind in Toronto and will take a new climate…

News Roundup for April 25, 2022 | UrbanToronto

CMHC says home price and sales growth to moderate but stay elevated; Sales of new homes drop in March for the first time in six months; GO buses not stopping at or departing from Union Station due to strike; and more news. GO buses not stopping at or departing from Union Station due to strike (CP24) Is Toronto’s housing market finally cooling? Experts…

The Inevitable Discussion About Blind Bidding – Toronto Realty Blog

Pardon my lack of zealousness here, folks.  I guess part of me just felt like this post would prove to be a fool’s errand. Everybody and their mother want to talk about “blind bidding” but many of those people aren’t interested in a discussion.  At least, not a two-way discussion. Many people already have their minds made up!  Blind bidding has to…