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Saturday , 27 August 2016

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Two Canadian initiatives shortlisted for prestigious socially responsible design prize

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Two Canadian initiatives are among the six finalists announced for the 2016 Buckminster Fuller Institute Challenge, the world’s only socially responsible design prize for projects that employ a “whole-systems approach” to problem solving. It is open to architects, designers, activists, entrepreneurs, artists, planners, scientists and other “comprehensive design practitioners” who present integrated strategies for solving complex problems in a systems context. Problems addressed by this year’s finalists include deforestation, genocide, water, human remains, rainforests, and homes for marginalized populations. There is a cash prize of $100,000 for the winner. One of the Canadian entries is from a group called The Sentinel Project, a non-profit formed in 2008. Its mission is ... Read More »

As Toronto home prices soar, condos remain the affordable option

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The real estate brokerage TheRedPin says that it is different from other brokerages. For one thing, it has a different way of calculating commissions for its agents. For another, it provides a lot of interesting and useful information about the housing markets in Toronto and Vancouver, statistics and analysis not available elsewhere. This week it added to that fund of handy information by releasing a study showing how much household income is needed to buy the average home in Toronto, based on average home prices, taxes, utilities, and a Gross Debt Service Ratio of 32 per cent. Needless to say, average home prices are high, and so is the income ... Read More »

Tridel to build massive development, The Well, at Spadina and Front

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The area west of Spadina between Front Street and Wellington may best be described as seriously under-developed. The south side of Front Street is unbuilt, forming the northern border of the main rail corridor into the city. A pedestrian bridge, grandly named the Puente de Luz (Bridge of Light), crosses the wide expanse of rail lands, linking Front Street to the new condo developments to the south. At the northwest corner of Front and Spadina is a large surface parking lot. West of that is the Globe and Mail building, soon to be vacated by the paper, which is moving over to King Street East. There are several low-rise industrial ... Read More »

Hardhat tours available at Tridel’s near-complete Atria condos in North York

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Tridel is inviting interested homebuyers to book a hardhat tour of its best-selling condominium community, Atria. Atria is a master-planned community from Tridel Dorsay, conveniently located on Sheppard Avenue just east of highway 404 (the DVP) and north of the 401. There are four condominium buildings at Atria—Trio (23 storeys), Alto (43 storeys), Parkside (8 storeys) and Parfait (19 storeys). Two of them, Alto and Parkside at Atria, are under construction and getting close to move-in ready. The move-in date for Parkside is this year; move-in for Trio is spring 2017 and for Parfait 2019. Tridel has three decorator-designed model suites ready to view at Alto and Parkside at Atria. ... Read More »

Only lack of inventory holding back luxury housing market in GTA: Sotheby’s

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As if it weren’t bad enough that we have gridlock to contend with on our roads, now there are signs of gridlock in the high end of Toronto’s real estate market. So said Sotheby’s International Realty Canada CEO Brad Henderson on the release of the realty company’s top tier market report for mid-2016. There is such “unrelenting” demand for luxury real estate in Toronto that it is outstripping supply, causing the dreaded gridlock in the market for homes at around $1 million and up. That $1 million market, of course, is no longer considered luxury, merely “conventional,” when the average detached home in the 416 sold for $1.26 million in ... Read More »

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