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Toronto's Manulife Centre to get $100-million Facelift and Canada's First Eataly in Early 2019

Wednesday Sep 28th, 2016

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TORONTO'S MANULIFE CENTRE TO GET $100-MILLION FACELIFT & CANADA'S FIRST EATALY IN EARLY 2019 It's a good day for Italian-food lovers in Toronto. Eataly will be opening in the city's Manulife Centre in early 2019 as part of a $100-million overhaul of the Yorkville mixed-use tower, the popular Italian marketplace confirmed. The new location within the 51-storey building at 55 Bloor Street West will be spread out across three storeys and a total of 50,000 square... [read more]

Bidding Wars Erupt in Toronto's Rental Market

Sunday Sep 18th, 2016

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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]

Toronto is Now Canada's Hottest Real Estate Market

Sunday Sep 18th, 2016

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TORONTO IS NOW CANADA'S HOTTEST REAL ESTATE MARKET Toronto and Vancouver are two of Canada's biggest cities, and also the countries two hottest real estate markets. But according to an economist at TD Bank, the Toronto market is now out-scorching the Vancouver market. As TD Bank's Diana Petramala says in the Globe and Mail the average price of a home in Toronto is up 18% since last year and we hit record sales in August. "Toronto's appreciation in average home... [read more]

Ontario Tried a Speculation Tax on Property, and The Market 'Collapsed Overnight'

Thursday Jul 7th, 2016

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ONTARIO TRIED A SPECULATION TAX ON PROPERTY AND THE MARKET COLLAPSED OVERNIGHT For decades, Barry Lebow has kept a scapbook of one of the most traumatic business days in his life. There are some dates you always remember, and for the Ontario real estate industry it's April 9, 1974. That is the day the province shocked the sector by announcing a 50% land speculation tax.  "We had no wind of this," said Lebow, now 69. "I was 27 years old and I owned 53 houses... [read more]

New 59-Storey Tower Proposed For Scollard St. in Yorkville

Tuesday Jul 12th, 2016

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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]

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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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