NEW 59-STOREY TOWER PROPOSED FOR SCOLLARD ST. IN YORKVILLE A residential tower has been proposed by the Cityzen Development Group for the southwest corner of Yonge and Scollard Streets in Toronto's tony Bloor-Yorkville area. Designed by the highly regarded Bruce Kuwabara of KPMB Architects, the 59-storey structure with a marble and white concrete-clad exoskeleton is meant as an architectual gateway to the Yorkville area from the north. 1 Scollard is proposed as a slender tower of... [read more]

YONGE & BUSY! Big Deals Are On Tap That Will Reshape Canada's Hottest Retail It has been called the busiest intersection in the country. The traffic alone is relentless - in a 24-hour span 401,250 subway riders; 51,392 pedestrians; and 31,600 vehicles pass through where Toronto's Yonge and Bloor streets connect. Now developers have plans to add even more to the mix at the intersection, the cross-section of the city's two subway lines and a growing destination point... [read more]

TORONTO'S HOUSING PRICES ARE SO HOT, EVEN THE COST OF HOUSE BOATS HAS DOUBLED Soaring housing prices in Toronto have forced some home buyers to look for more affordable alternatives to the conventional detached home, but prices for one type of dwelling may be on the same boat. House boat prices in the Greater Toronto Area have doubled in the last six years, putting the average cost of a floating home in the range of the average condo.  According to the Toronto Real... [read more]

HOUSEHOLD DEBT CLIMBS TO RECORD LEVELS, DRIVEN PARTLY BY HOT REAL ESTATE MARKETS The amount Canadians owe compared with how much they earn hit a new record in the second quarter, driven in part by the country's hot housing markets. TD Bank senior economist Leslie Preston said low interest rates have made borrowing more attractive, especially for homebuyers, and predicted the debt ratio could continue to trend a little higher in the next few quarters.  "We think... [read more]

BIDDING WARS ERUPT IN HOT TORONTO RENTAL MARKET Looking for that perfect rental property to move into? Get ready for war. What was once unthinkable is now a reality in the City of Toronto, with bidding wars for residential rentals happening in all corners of the city. As a landlord, David Batori has seen it first hand. "We did a recent renovation on a basement apartment and we were asking $1,200 (per month) and it rented for $1,480." Batori had four people bidding on... [read more]