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Realty

Toronto’s bull market in real estate looks set for an extended run

June 2, 2014 7:55 am
Crisis

A rundown old house with a hodge podge of apartments in Roncesvalles Village drew crowds last week when it was listed with an asking price of $769,000.

The property at 52 Harvard Ave. drew five competing bids and sold for $913,000. The owner purchased the house in 1988 for $135,000, he says.

“It’s gone from pandemonium to just a heavy frenzy,” he says.

Read more http://www.theglobeandmail.com/

Don’t not wish to join the Bull Run ? Sorry, you ain’t got no choice, because it takes …

$430,000 to live in a former glue factory in the Junction Triangle

Condo of the Week: 371 Wallace Avenue, Suite 22
Address: 371 Wallace Avenue, Suite 22
Neighbourhood: Dovercourt-Wallace-Emerson-Junction
Price: $434,900The Place: A one-bedroom unit in Wallace Station Hard Lofts, a former glue factory that takes its name from a now-defunct railway station. And,

Someone paid $2.9 million for the Metro Theatre

(Image: William Mewes)

(Image: William Mewes)

The Metro Theatre, near Bloor and Christie, closed late last year, ending its 35-year run as Toronto’s most prominent (and eventually, last remaining) porno theatre. Its co-owner, Karim Hirji, had been trying to sell it for years, and had listed the building for $3.59 million as recently as 2011. Now we know it ultimately didn’t fetch quite that price.

Read more http://www.torontolife.com/

As well as,

The Royal York Hotel is up for sale

(Image: vincentraal)

(Image: vincentraal)

Anyone with a significant amount of money to spare could become the owner of a Toronto landmark, because, as the Globe reports, the Royal York Hotel is up for sale. Its owner, Quebec’s public-pension manager, the Caisse de dépôt et placement du Québec, is exiting the hospitality business. In addition to the 85-year-old Royal York, the Caisse is unloading the Hotel Vancouver.

Read more http://www.torontolife.com/

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