36 h. ago Toronto condo market unlikely to see jolt as conditions vary elsewhere in Canada

For parties vying to form Canada's next federal government, there are few campaign targets as tempting as the Greater Toronto Area.

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3 w. ago ‘They were known to each other’: Boy shot, killed inside downtown Toronto condo

Toronto Police say a 16-year-old boy has died after a shooting inside of a downtown condo over the weekend and a man is facing second-degree murder.

Events

3 w. ago ‘They were known to each other’: Teen shot, killed inside downtown Toronto condo

Toronto Police say a 16-year-old boy has died after a shooting inside of a downtown condo over the weekend and a man is facing second-degree murder.

Events

3 w. ago Pal, 19, charged after boy, 16, killed in downtown condo shooting

A 16-year-old boy has died in a shooting near the Toronto’s waterfront and his friend is in custody. Toronto Police said officers responded to a shooting Sunday in a condo building at 12 York St. — near Scotiabank Arena — just before 6 p.m. and found the teen suffering from gunshot wounds in a unit […]

Events

3 w. ago $25 million Toronto penthouse could be your dream home or your luxury office

Typically, when you think of a Toronto penthouse suite, you imagine a luxurious condo with soaring ceilings, fancy furniture, and floor-to-ceiling windows with stunning views of the city. And 1501- 552 Wellington St. W definitely has all that; it just happens that the fancy furniture is office furniture. Yeah, you can turn a penthouse suite into a stunning office if you want.One of the bathrooms. Unconventional? Yes. Is it kinda weird that there's a full bathtub in the "office" bathroom? Also yes. But who says an office needs to be in an office building? The lobby. Located in the former Thompson Hotel, now called 1 Hotel, this 8,400 square-foot penthouse suite is a great multi-use space. The bedrooms make for great bright offices and board rooms.What could be a living room. While the large living spaces are super bright and perfect for multiple workspaces. A kitchenette. There's also a full-size kitchen and a kitchenette, so the...

Economics

3 w. ago Condo fees are spiking in Toronto and here's where they are the worst

For those who have enough capital to drop the ridiculous chunk of change necessary to get into Toronto's real estate market, even the least expensive properties don't come cheap, and the costs continue to add up far after purchase.On top of mortgage payments — which amount to more than $3,000 a month for the typically-priced unit in the GTA after a 20 per cent down payment — along with newly-increased property taxes and certain utilities, there are also condo maintenance fees, which have been rising sharply in the city.Depending on the size of your unit and what building you're in, this one monthly bill on its own can nearly rival rent prices, and for small landlords, can thus make it impossible to break even (let alone make a profit) when mortgage rates are high and average rents are down.A study by local real estate agency Wahi revealed which complexes in the city are currently the worst culprit...

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4 w. ago Locals say Toronto neighbourhood 'under attack' by planned condo tower

Residents and businesses in Toronto's Church Street Village area are claiming they are "under attack" by a proposed development and are fighting to "defend the character" of the neighbourhood.A petition started in February by the Church Wellesley Neighbourhood Association (CWNA) seeks to halt plans to redevelop a group of properties wrapping around the northeast corner of Church and Wellesley, spanning 68-78 Wellesley Street East and 505-509 Church Street.The block of properties is home to a Pizza Pizza location that has served the community for decades, housed with the heritage-designated 1878 William McBean Terrace building. Developer KingSett Capital has stated its intention to incorporate into a new high-rise building on site, rising 28 storeys with a design from architects BDP Quadrangle.68 Wellesley Street East (right of centre) and other future approved and proposed buildings planned for the surrounding area. BDP Quadrangle.A development application filed for the site in...

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