Results tagged “condos”

The economic downturn has taken a toll on Toronto’s housing market. In comparison to 2007, November housing sales in the GTA were down 50 percent, and new high-rise condo sales, once the bedrock of Toronto's housing market, declined 31.6 percent this year. The average sale price for a house in November fell by $43,500, while the average condo price fell by over 10 percent. So what awaits the market in 2009? Unfortunately, more doom and gloom.

People work hard for their money, but don't make their money work hard for them. It's time to fix that. Economist whips your income into shape with smart, practical advice.

like a city council scorned? North York Community Council, fed up with the Ontario Municipal Board in general and piqued at their recent approval of a new condo development in particular, has taken a novel approach to expressing its discontent. The name that's been assigned to the road leading into the complex? OMB Folly. The motion was introduced by Councillor John Filion and passed in a 7-2 vote. Hallstone Homes is developing the 36-unit complex of townhouses and is so far failing to see the humour in this turn of events. The OMB, set up by the province to administer municipal planning, has been frequently criticized by City Council and local community groups for favouring developers over neighbourhood well-being. North York Community Council's pith has apparently rendered them speechless: as of yet, the OMB has made no comment on their Folly.

For every condo high-rise that goes up, a parking garage does down. Several levels usually. But in many of the downtown towers, especially along Queen’s Quay, not all the young and eligibles who live there have cars. Some simply don’t need them, others have made a conscious decision, whether financially or ecologically based, not to have one, says a resident who wishes to remain anonymous because she’s in breach of her condo agreement.

The Cumberland Cinema is being demolished to make room for another towering condo development. We don't know yet when it is going to happen, but we do know that this is a terrible shame: while the loss of the theatre isn’t significant from an architectural or stylistic standpoint, it’s a saddening blow to independent movie fare in the downtown core.

Continuing a popular series from earlier this year, Illustration Sunday will explore some interesting local buildings over the next few weeks.

Spotted in the north elevator of an upscale North York condo.

According to the National Post, the Berkeley Playing Fields—the high-rise condo development that Torontoist reported on recently—is not going to happen.

Destruction of the line of gorgeous 19th-century houses on the corner of Charles and St. Thomas is now fully underway, their demolition the final step to make way for the construction of The St. Thomas, a twenty-three storey condo tower. It will be the third tower at the intersection, just north of 77 Charles Street West, a sixteen-storey condo (that will necessitate demolishing Lycée Français de Toronto, a french school); and just west of the almost-finished twenty-nine storey One St. Thomas.

Photo by Marc Lostracco.

The sun sets and the condos rise . As seen from Spadina and Front.

Torontoist is ending the year by naming our Heroes and Villains of 2007––the people, places, and things that we've either fallen head over heels in love with or developed uncontrollable rage towards over the past twelve months. Get your dose, starting Boxing Day and running into the new year, three times a day––sunrise, noon, and sunset.

Near Manulife Financial: Bloor East citizens would like less poo in their public spaces. With condo fever gripping the still-shabby southeast corner of Bloor and Yonge due to the future One Bloor 80-storey tower, the Bloor East Neighbourhood Association (BENA) met Wednesday night at the Rogers Centre (333 Bloor Street East) to discuss how their little stretch of street could be transformed to rival the world-class reputation of Bloor West. BENA, representing ratepayers along...

Former Torontoist contributor Ted Healey came across a great find at the Wellesley & Ontario condo and townhouse development known as "The Star of Downtown." Previously the subject of an Ugly Stick here on Torontoist, the condo's advertisements have seen plenty of scorn since they were put up. The latest addition to the front facade is thanks to someone named Defy, who has decided to give a voice to the gay urban professionals artificially posed around their sweet new townhouses.

Brad J. Lamb is not, to put it gently, universally loved.

We just got sent these photos from an anonymous reader, and we thought that they were too cool to pass up. They were taken late last night from the open and unfinished (read: windy and really, really scary) roof of One St. Thomas, a 32-floor ultra-ultra-luxury condo at St. Thomas and Charles Street West that's still very much under construction.