In a move that is certain to destroy the Toronto Condo Market , city council is set to approve charges which will double the cost of development for downtown Toronto Condos. From an average of 12,000 dollars per unit to 24,0000 dollars. This charge is pure profiteering by the greedy city council which has been using development charges to lavish grandiose upon themselves. Toronto's condo market is all that Toronto has left, we have nothing left to compete with the oil wealth of the western provinces except for the insane wealth being created through the Toronto Real Estate Market. The vice president of Great Gulf has threatened to shut down development on all projects if the development charges go through, which could economically cripple Toronto to its worst point since the Great Depression and make the Financial Crisis look like a High School birthday Party. Greed has gone to far in Toronto.
June 25th Construction Update
Canderel Stoneridge
From Yonge and the Eaton Centre
The Aura Construction Condo Continues
Next to the Eaton Centre
Sears, H & M Store, Champs
Looking North to Dundas and AMC, and Atrium on Bay Media Tower as well as the strip
Jack Astors and Pickle Barrel
Fountains
Ed Mirvish Theatre
Longest Street in the World
Condo Towers
Shops on Yonge
Foot Locker Store
Hard Rock Cafe
Paramount Middle Eastern Restaurant
CityTV building
10 Dundas East
Forever 21
From Gould
Sunrise Records
American Apparel
Ryerson University
Eaton Chelsea Hotel Toronto
College Park and Carlu
McDonald's
Tallest Condo in Canada
Is it good to rent these types of Toronto condo apartment.
ReplyDeleteIt is shocking news and this will effect the toronto downtown condos market and toronto real estate agents too.
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