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January 2015 in Yorkville

Tuesday Mar 03rd, 2015

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  SOTTO SOTTO HOW A SMALL RESTAURANT BECAME A 'SECOND HOME' FOR A-LISTERS On Christmas night, a still-unexplained fire destroyed the building at 116 Avenue Rd., home to Spuntini restaurant on the top floor an the aptly named Sotto Sotto (Italian for underneath) in the basement.  Many Yorkville residents were tipped off to the three-alarm disaster via the throngs of smoke and screaming sirens. Ninety firefighters worked to put out the blaze, which officials... [read more]

How Tall Can We Grow?

Sunday Apr 12th, 2015

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HOW TALL CAN WE GROW? Yonge & Bloor Condos Break Barriers There's no denying that Toronto is a vertical city. Toronto has the second highest number of high-rises of any North American city and is building new towers faster than any other city in the western hemisphere. With dramatically increasing urban populations, and the commercial and infrastructure requirements that come with that, we need to build up in order to accommodate density. In response, Toronto real estate... [read more]

Housing Predictions Gone Wrong

Saturday Apr 11th, 2015

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IT'S NOT JUST YOU Almost Every Housing Prediction Was Wrong For the last six years, Canadians have been plagued by constant predictions of a housing crash coupled with dire warnings that homes are overvalued by 20% to 35% - and yet, year after year housing prices keep going up, as is shown below. Take last year, when prices increased by 6%, despite the Bank of Canada forecasting a possible 30% market correction. Or go back to 2010 when prices increased by 6.8%, despite the... [read more]

Mall War: How Redevelopment of the former Hazelton Lanes sparked a poisonous feud in wealthy Yorkville

Tuesday Jul 21st, 2015

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MALL WAR  How Redevelopment of the Former Hazelton Lanes Sparked a Poisonous Feud in Wealthy Yorkville The Great Battle of Yorkville broke out into active combat in the fall of 2014, when June Mitchell, an 86-year-old grandmother, staged a sit-in at a mall developer's office. It was nearing Yom Kippur, the Jewish high holiday, and Mitchell had a dinner planned. She had the food set and the timing down. Everything was ready to go. Until, all of a sudden, it wasn't. Eight... [read more]

Canada Seen as 'New Switzerland' Driving Toronto Condo Market

Monday Jun 15th, 2015

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CANADA SEEN AS 'NEW SWITZERLAND' Driving Toronto's Condo Market The city of 2.8-million attracts about a quarter of the 250,000 immigrants who arrive in the nation each year. That's helping drive demand for new housing, including condos and rental property, developer Sam Mizrahi said at the Bloomberg Economic Series Canada Summit in Toronto. "Immigration keeps the market buoyant," said Mizrahi, "Canada's seen as the new Switzerland." Developers... [read more]

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