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New Rezoning Application Submitted for 'Cumberland Square'

Saturday Sep 29th, 2018

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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]

Toronto's luxury housing market is ready to heat up in 2020

Thursday Dec 5th, 2019

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Toronto Real Estate

Luxury home sales in Toronto climbed in the first 11 months of 2019 and, with momentum continuing to build in the market as the year winds down, the outlook for 2020 is looking more and more promising. Much like the rest of the city and surrounding region's housing market, luxury real estate took a big dip in market activity in 2018 after a spectacular - though ultimately unsustainable - 2017 performance. This year started slow, but activity has crept higher in recent months led by... [read more]

Ontario government scraps rent control & Toronto doesn't like it

Sunday Dec 9th, 2018

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Toronto Real Estate

Ontario Premier Doug Ford's first-ever fiscal roadmap could have sweeping implications across all aspects of life for almost everyone in the province. Those who earn the most money, for example, no longer have to worry about paying extra income taxes (something proposed by the previous Liberal government that would have generated about $275-million for Ontario). Renters, on the other hand, could eventually end up paying way, way more to live in the city. Effective November 15,... [read more]

Co-Working Spaces are the Latest Trend in Toronto Condos

Thursday Nov 8th, 2018

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Toronto Real Estate

In the last couple years, a range of co-working and shared office spaces have sprouted up in Toronto, appealing to remote workers, freelancers and entrepreneurs of all stripes. There's the hyper-trendy, woman-only Make Lemonade, the parent-friendly Workaround, the architect and interior-design geared Fold, and WeWork, the original co-working behemoth, which now has five locations in the city and nearly 300 worldwide. As the gig economy grows, so does the demand for co-working spaces.... [read more]

Toronto Has The Most Cranes in North America - Which Means the Most Development

Tuesday Sep 25th, 2018

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Toronto Cranes

It may not be a glorious sight, but the sight shows a bright future: Right now, Toronto has the most construction cranes in North America - which indicates massive development. Toronto has an estimated 97 active construction cranes as of July 2018, according to the recent Rider Levett Bucknall Index (RLB Crane Index). This means the city has more than double the number of cranes of Chicago, four times as many as San Francisco and about five times as many cranes as New York City. In fact,... [read more]

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All information regarding a property for sale, rental, taxes or financing is from sources deemed reliable. No representation is made as to the accuracy thereof, and such information is subject to errors, omission, change of price, rental, commission, proper sale, lease or financing, or withdrawal without notice. All square footage and dimensions are approximate. Exact dimensions can be obtained by retaining the services of a professional architect or engineer.The number of bedrooms listed above is not a legal conclusion. Each person should consult with his/her own qualified advisor, architect or zoning expert to make a determination as to the number of rooms in the unit that may be legally used as a bedroom. Each Engel & Völkers brokerage is independently owned and operated. Any use of the term "advisor" or "agent" shall be replaced with the term "Sales Associate" where required by local law. Engel & Völkers® and the Engel & Völkers Logo are registered service marks owned by Engel & Völkers Marken GmbH & Co. KG.

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