Real Estate
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Park Hyatt makeover includes revamped rooftop bar, luxury rental apartments

Posted on 11 April 2019

Oxford Properties has torn the wrapping off the design of its Park Hyatt hotel makeover revealing what it calls an artistic homage to Canada that includes the preservation of the brick and limestone facade on all sides of the landmark south tower at Avenue Rd. and Bloor St. When it reopens about a year from now, that building will house 65 luxury one- and two-bedroom rental apartments ...

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‘Making money off trusting, innocent people’: Investment company 1PLUS12 sued for almost $2M over alleged ‘fraud’

Posted on 11 April 2019

The Toronto business bills itself as an “international investment training company,” promising to make its clients rich using a “unique, uncommon” approach to investing. But a Global News investigation has found the company, 1PLUS12, is currently facing two lawsuits totaling $6.4 million that allege fraud or misrepresentation and is linked to an alleged $17-million mortgag ...

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Wiarton-Toronto flight to cost $175, take 40 minutes

Posted on 11 April 2019

A new flight service this summer will allow passengers to travel between Toronto to Wiarton in 40 minutes at a cost of $175. FlyGTA Airlines and the Township of Georgian Bluffs announced Tuesday that the scheduled service between the Billy Bishop Toronto City Airport and the Wiarton Keppel International Airport will commence on May 24, with a guarantee to continue to Oct. 28, and possib ...

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TSX up even though crude hitting five-month high fails to lift energy sector

Posted on 11 April 2019

In New York, the Dow Jones industrial average was down 79.29 points at 26,179.13. The S&P 500 index was essentially unchanged at 2,867.24, while the Nasdaq composite was up 19.78 points at 7,848.69. Markets appear to be taking a “breather” a day after posting strong gains as investors await jobs reports that could be a catalyst for action up or down, says Dominique Barker, p ...

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Mayor says he will support making the King Street Pilot permanent

Posted on 11 April 2019

Mayor John Tory says he will support a staff recommendation to make the King Street Pilot permanent, likening it to a “surface subway” that was created “in the span of a weekend” at little cost to taxpayers. The King Street Pilot, which gives streetcars priority use of King Street between Bathurst and Jarvis streets, was launched in November, 2017 as an innovative way to spee ...

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The Daily Chase: Toronto housing stable in March; one-on-one with Twitter's CEO

Posted on 03 April 2019

The Greater Toronto Area’s real estate market was a relative model of stability in March compared to Vancouver, where sales plunged 31.4 per cent year-over-year. There was one fewer property sale in the GTA last month compared to March 2018, and the average price inched up half a percentage point. Nevertheless, similar to in Vancouver, the Toronto Real Estate Board is decrying r ...

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Toronto Housing Market Steadies as Sellers Bide Their Time

Posted on 03 April 2019

Toronto’s housing market was little changed in March as sellers stayed on the sidelines. Home sales in Canada’s biggest city totaled 7,187 in the month, one sale shy of the same month a year ago, the Toronto Real Estate Board reported Wednesday. Benchmark prices, which adjust for the type of home sold, rose 2.6 percent to C$779,100 ($584,164) from the same period last year. New ...

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Toronto-area home sales flat in March while prices edge up and listings fall

Posted on 03 April 2019

TORONTO – A flattened real estate market in the Greater Toronto Area has the region’s real estate board again calling for revisions to stricter mortgage stress tests. “The stress test provisions and mortgage lending guidelines generally, including allowable amortization periods for insured mortgages, should be reviewed,” Garry Bhaura, president of the Toronto Real Estate Boa ...

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Toronto home sales steady 'at somewhat soggy levels' in March

Posted on 03 April 2019

Toronto's housing market was a study in stability in March, standing in stark contrast with the country's other most-scrutinized housing market. The Toronto Real Estate Board reported on Wednesday that 7,187 homes were sold across the Greater Toronto Area last month, virtually unchanged from a year earlier when 7,188 sales were logged across the GTA. Meanwhile, the average price inche ...

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Why Right Now Is the Best Time to Plan the Organized Closet of Your Dreams

Posted on 09 March 2019

Everyone—well, everyone with a penchant for keeping an organized home, at least—has a list of dream closet organizer ideas. The list might be mental, it might be fleeting, but almost everyone who dreams of a well-organized closet with clever shelving units, baskets, and more has one. In the process of bringing those dreams to life, finding actionable organizing tips and putting ...