Let's start with the good news since it's the freshest. Toronto apartment rentals saw the slowest rate of price growth in the last two years during the third quarter of this year. Real estate research firm Urbanation, which tracks prices for purpose-built apartments in the region, released new data today that found the average price for a Greater Toronto Area rental apartment was "essentially unchanged" between July and August when compared to the April to May... [read more]

Cumberland Terrace Tells The Story of Yorkville at a Glance. While most time capsules are buried in the foundations of buildings, their contents to be revealed at some future date, Cumberland Terrace is a living (if barely breathing) piece of Me Decade retail architecture frozen in time. Promoted as "the nicest way from Yonge to Bay" when it opened in October 1974, the mall's resistance to modernization - orange and brown tiles, large banks of phones, signage for... [read more]

  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]

Engel & Völkers today released the results of an original study, "Meet HENRY: Influencing The Next Generation of Wealth." HENRY, an acronym that stands for High Earners Not Rich Yet, represents a niche demographic subset of Millennials and the youngest members of Gen X who have an annual household income of more than $100,000 and the greatest earning potential. For this study, Engel & Völkers surveyed more than 1,000 Millennial HENRY's (born between 1982 and... [read more]

Debbie Ross has the same chance of snagging an affordable apartment in Toronto as she does picking a long-shot at the Kentucky Derby. Ross is hoping to win one of 75 rental apartments in a lottery run by the city's public housing agency. She's up against 3,779 others, so the odds of winning are only about 50:1 but figures it's as good a chance as any of finding a place to live. Long priced out of home ownership, Ross is now being squeezed out of the rental market as the... [read more]