Judging from the last two transactions, it would appear the scorching hot real estate in Toronto has finally cooled down. Meaning the Liberal Government’s chances to be re-elected is extremely bright, because they have succeeded in taming the housing monster … So said the political pundits. Let’s take a quick look. First, a semi-detached located in one of […]
Toronto Real-Estate Meltdown In The Making?
Toronto Homeowners Are Suddenly in a Rush to Sell Toronto’s hot housing market has entered a new phase: jittery. Toronto Real Estate’s Time Has Come? First thing first, let’s have our real estate fix … Architecture Porn The Jockey Club Innovation Tower Jockey Club Innovation Tower is a building of the Hong Kong Polytechnic University […]
Is replacing OMB with Local Planning Appeal Tribunal a Boon or Bane?
By Corruption Victim of City of Toronto It’s official: Ontario Municipal Board (OMB), the independent tribunal that adjudicates planning and development disputes will be scrapped and to be replaced by Local Planning Appeal Tribunal, starting with the City of Toronto. Under the new process, the tribunal will decide if a municipality has followed its official plans […]
Canadian Real Estate Midlife Crisis
Looks like Canadian real estate is going through a midlife crisis? Perhaps much more severe and complicated than that mere midlife crisis per se. First, we see home price hotter than hot still … Average Canadian house worth $559317 last month, up 10% in past year – Canadian house prices continue to march higher, with the […]
City Billing Scandal – Toronto billed 44,000 homowners extra $87 millions for property taxes
Homeowners awoke to find they’d had double their normal property taxes withdrawn CBC.ca Some Torontonians awoke to a nasty surprise Wednesday morning — the city had taken an extra $87-million in property taxes from homeowners’ accounts. More than 44,000 property owners were affected by the mistake, which double-billed those who signed up for the city’s twice-yearly and bi-monthly […]
Toronto Mayor Wanted Developer Fined $ Million For Removing 30 Trees Without Permit
Attention: Builders/Developers Murdering Trees Is Now A $ Million Dollar Crime Developer cuts down 30 mature trees, city says no permit was issued The city is fuming after a developer cut down 30 trees, many of which were over 100 years old, including a 150-year-old linden tree, on both sides of Bayview Ridge at Bayview Avenue […]