Why Do Builder’s Price New Homes So High?
I mean, most of them eventually reduce the price, right? Time and time again, we see builders of new homes, primarily those over $2,000,000, price the property far higher than anything resembling fair market value, and reduce over, and over,...
Does Building More Rentals Mean The Condo Market Is In Trouble?
Do developers know something the rest of us don't? Or have the giant pension funds and real estate holding companies just decided to diversify, and perhaps take a long-term approach to investing, rather than a large short-term gain? The recent...
Monday Morning Quarterback: Did Urbancorp “Steal” Their Condos Back?
As several of my readers pointed out, this should have been on the discussion list for last week! Although there's something so fitting about the "Monday Morning Quarterback" look back at the Urbancorp story, given we're all just coming out...
Should Toronto “Force” Developers To Build 3-Bedroom Condos?
This has been rumoured now for quite some time: the City of Toronto has contemplated amending the Official Plan to essentially "force" condominium developers to construct 10% of units in buildings with 100+ units as 3-bedroom condos. While this is...
“LOUD NOISES!!!” Welcome To Condo Construction In Toronto…
"They can't get away with this, can they?" That's what a friend asked me the other day, when a truck pulled up at 12:30am on a Saturday night, and workers got out, with flashlights, and scurried into a condo construction site to...
“Jilly’s Adult Entertainment” Sold To Streetcar Developments
Well hold on a second, that's not fair - it wasn't Jilly's that Streetcar Developments bought, but rather the building that Jilly's is in. And yes, I am aware that you've already heard about this and I'm late to the...
“North Toronto Condo Developer Faces $30M Lawsuit”
I'm not gonna lie, folks - I was emailed this article by eleven different people since it hit page A1 on Monday. Part of that is because these people know I'm a consumer advocate, and I take a firm stance...
Monday Morning Quarterback: “TCHC Halts Sale of Beach Cottage”
Yes, I am aware that today is Tuesday. But the epic phrase isn't "Tuesday Morning Quarterback," and perhaps I'm hoping people are too well-rested from the long weekend to notice. Of course if you were too relaxed over the weekend,...
Buying A Condo Next To A Potential Development Site
Once upon a time, Toronto was nothing but a series of parking lots, with a few buildings sprinkled in between. Today, the downtown core is so built up, that developers will look to tiny parcels of land for an opportunity...
Monday Morning Quarterback: City Council Needs To Say “No”
If you didn't read the feature article on David Mirvish's condo proposal in Saturday's Globe & Mail, then please do so. Mr. Mirvish's condo proposal has to represent the height of insanity when it comes to the redevelopment and condominiumization of the...
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