July 18, 2007 3

Business

Land Transfer Tax INCREASE? No Way, David Miller…

Yesterday at Queen’s Park, David Miller’s new tax proposal was defeated by a 23-22 margin.

This allows home owners to move homes without being severely penalized, and in the process keeps it affordable for first-time home buyers to enter the market.

The real estate market has been fueling the Toronto economy for years now.  Why kill your cash cow?  That’s a question for David Miller.

Not familiar with his proposal?  Let me explain.

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July 16, 2007 2

Condos

Nicholson 1-bedroom, Hoffman 2-bedroom-plus-den….or DiCaprio PENTHOUSE?

“Festival Tower” was launched in June of 2007 with a unique marketing campaign in which all suites were named after famous movie stars.

The 46-story monster at the corner of King/John is being billed as “five-star luxury hotel-inspired” and is playing on the assumption that people will pay more to live in a building with the allure of stardom.

Using the slogan: “Live a star studded lifestyle atop the Festival Centre, the new home of the Toronto International Film Festival Group,” we can clearly see that Daniels Group is milking Hollywood for all it’s worth.

My question: Is it actually worth it?

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July 13, 2007

Condos

$225,000….House, Condo, or a PARKING SPACE?

Yesterday, the New York Times published an article about parking spaces for sale in the basement of a condominium development at 246 West 17th Street in Manhattan, for a mere $225,000 U.S.

This made me think about all the people in Toronto that complain that they paid $22,000 for a parking space with their new $275,000 condo.

The alternative?  Don’t drive. Read More

July 11, 2007 1

Condos

Buying a Condominium in Pre-Construction

Foresight eventually becomes hindsight.

Isn’t it nice to look back on a great investment you made?  Or perhaps to finally move into that spectacular new condo you’ve been waiting so long for?

A lot of people in Toronto are making a lot of money buying condominiums in pre-construction.

So you don’t have $300,000 to invest?  That’s fine, you don’t need it… Read More

July 9, 2007 3

Houses

Who Rents for $7,000 per Month?

“I rent a house for $7,000 per month.”

Does this sound crazy to you?

Can you imagine writing monthly rent cheques for half of what it costs to buy a small car?

As outrageous as it may seem, people do it.  There are two sides to every coin, so allow me to explain what these “crazy” people are thinking. Read More

July 7, 2007

Neighbourhoods

Where do the STARS call home?

Austin Powers himself, Mike Myers grew up at Birchmount & Sheppard.

Prime Minister Stephen Harper grew up on Bessborough Drive in North Leaside.

But where do some of Toronto’s most famous call home? While I can’t give names & addresses, I can give hints & neighborhoods… Read More