Construction Begins on Globe and Mail Centre

Globe and Mail Centre (new HQs, Front & Spadina, 19s, 83 meters/272 feet, KPMB)

Construction has begun on the new Globe and Mail Corporate Headquaters down at Front and Spadina, the building when complete will be 19 floors and 83 meters. (about 272 feet) It will be designed by KPMB and serve as the hub for the national newspaper that reaches across Canada.

But...

The Globe and Mail Head Office Project Has Been Cancelled


apartment for rent


Factoring The Toronto Economic Forecast 2013What does the future hold for Toronto's Economy in the 2013 year? I'm doing a forecast based on a number of economic variables, to determine performance of our diversified economy and any external and internal impacts that might influence growth in the Golden Horseshoe Region (GTA). The factors that seem to have the most impact on Toronto is the Global Financial Markets, and Global Currency Markets, outside of that internal factors that determine the growth of the region are heavily tied to our skyscraper and construction industries now amounting to some 7% of Canadian GDP. And construction itself is tied to macro-economic factors such as National and Global Interest rates, or cost of money. So, one by one, we will factor each of these impacts on the Toronto Economy.

New Trends in Condo Buying Emerging in the Toronto Area

 A few new trends to watch out for in the Toronto area when it comes to buying homes as well as buying condos. When it comes to buying homes, the latest tactic is to put a property which had previously been listed on the MLS system, on a bidding site, or list through an auction house to get buyers, sending the price of single detached homes soaring.

 As for condos the latest buying technique is the new trend with regards to micro housing, or micro condo living. And we’re seeing now, specifically designed condos to meet that purpose. Another new trend to look out for is the lack of supply in the purpose built rental housing market in Toronto. Even as new condos come online there remains a shortage of apartments built specific to that purpose, so condo rentals have increased even as vacancy climbs, rentals rates do as well.

 Busy Condo Market Boosts Toronto Home Sales 

With fewer homes in the detached category available in Toronto, new home buyers seem to be opting for new condos, with sales heading forward at a rocket pace last month. Sales of Existing Homes in the Toronto area moved up by a whopping 2.1% in February 2014, and that is compared to the same time period last year. That was mainly due to a 12.5% increase in the sales of condos within the city so stated by the Toronto Real Estate Board. That will contrasts with the sales declines that occurred in townhomes, detached and semi-detached housing during the month, which was mainly due to a constrained supply of those housing types.