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]

VIDEO: Click link Toronto developer and property manager KingSett Capital has submitted a rezoning application for 2 Bloor Street West through a limited partnership called Bloor CT Acquisition LP jointly held with a partner. The L-shaped site, at the northwest corner of Yonge and Bloor, and following along the south side of Cumberland to Bay, currently features a 1973-built 34-storey office tower and Cumberland Terrace, a 2-storey high (plus below-grade concourse level) shopping... [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]

What is that big, beautiful pile of blocks on King West? It's a sneak peek of the neighbourhood's future. The structure sits on land at Portland and King, where a new residential, office and retail complex is about to start sales after a two and a half year approval process. VIDEO: Click link The structure itself is the 2016 Serpentine Pavilion designed by Bjarke Ingels (BIG), the world renowned architecture firm behind the King St. project, as a commission for the Serpentine... [read more]

GTA HOME PRICES CLIMB 16.8% IN JUNE The uphill journey facing would-be-buyers got even steeper in June with home prices climbing by double digits compared to a year ago as supply hit record lows. The average price of a GTA property last month rose by 16.8% to $746,546 according to the Toronto Real Estate Board. As has been the trend, low-rise houses that includes detached, semis and townhomes saw the most significant price gains. The average detached home in the suburban GTA will... [read more]