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Toronto Seniors' Home To Close, Leaving More Than 100 Without A Place To Live

Thursday Jul 25th, 2019

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Toronto Real Estate

More than 150 seniors who live in Davenhill Senior Living in Toronto's Rosedale neighbourhood are looking for a new home after the building was reportedly sold. "As the regulations that govern our operation have evolved over the past several decades, we have been able to adapt our services and infrastructure to an older building. However, any new or unexpected building upgrades or regulations would, in all likelihood, require more financial and operational resources than we, as a... [read more]

There are reasons to be optimistic about real estate in 2019

Thursday Dec 13th, 2018

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Toronto Real Estate

For housing markets in Canada, 2018 has been a year of restraint. But looking ahead to 2019, there are a number of potential outcomes to consider. The mortgage stress test was perhaps the most influential policy change that affected homebuyers in 2018. Under the new rules, which came into effect in January 2018, most homebuyers were required to qualify for a mortgage at a higher rate than the contracted mortgage rate. This was done to determine the borrower's ability to service the... [read more]

The History of Toronto's First Apartment Building

Thursday Nov 08th, 2018

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Toronto Real Estate

So many people live in apartments or condominiums in Toronto that it's hard to imagine a time when renting a small portion of a larger building was a radical, even a shockingly salacious way of life. Amazingly, before 1899, there were no purpose-built apartment buildings in the city at all, making Toronto something of an anomaly in North America. Sure, people rented rooms or floors of sub-divided homes (The Ward, a notorious slum that used to be located near current City Hall, was... [read more]

Shopify Announces $500-Million Presence in Toronto Real Estate Development

Thursday Nov 08th, 2018

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Toronto Real Estate

Canadian e-commerce giant Shopify Inc. will announce Friday that the company is making an investment of up to half a billion dollars as the anchor tenant of The Well, a new real estate development in downtown Toronto. Shopify vice-president and GM of channels, Satish Kanwar, told the Financial Post that the investment represents a statement about the company's commitment to Canada, and how they plan to remain a foundational part of the Toronto tech industry. Toronto's technology... [read more]

Mario Lemieux Selling Quebec Castle for Over $21 million

Saturday Sep 29th, 2018

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Yes, a castle. Hockey Hall of Famer and Pittsburgh Penguins owner Mario Lemieux has put his luxury home in Mont Tremblant, Quebec on the market for an asking price of $21,999,066. Said to be inspired by Quebec City's Chateau Frontenac, the 16,794-sf home has 50 different rooms, including eight bedrooms and nine bathrooms, on 5.25 acres of land. Some of the highlights of the property, known as Chateau Fleur de Lys, include: 17 fireplaces 9 bathrooms 8 bedrooms, all with a... [read more]

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