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Thursday , 27 October 2016

Category Archives: Greater Toronto Scene

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Special coverage of the GTA Condominium and lifestyle scene.

Toronto studying how to regulate short-term rentals as Airbnb continues to grow


Call it criminal behaviour or call it ingenuity, but a Toronto woman’s actions in defrauding a landlord have got her arrested. The woman allegedly signed a lease with fraudulent intentions with a downtown condo owner. First the woman’s rent cheques bounced, then the owner discovered that she was advertising the place for rent on Aribnb. The rules of the condo in question do not allow rentals for under three months. The condo owner has reportedly been trying to resolve the issue, i.e. have the woman evicted, for five months. The woman has a history of being evicted from rented condos for failing to pay rent. In fact, as reported in ... Read More »

Toronto’s Vital Signs strong, with many areas for improvement: report


The Toronto Foundation has released its fifteenth annual report on the quality of life in Toronto. Vital Signs, it says, is the most comprehensive “check up” on ten key “issue areas” that comprise overall quality of life in any city—health and wellness, the gap between rich and poor, housing, demographics, economy and many more. The report is a statistics lover’s dream. It has those argument-ending numbers that people wish they could think of when making a point in lunchroom or barroom discussions, numbers like how many sex trafficking cases Toronto police investigated last year, how many Torontonians have diabetes, how many hate/bias crimes have been committed against the Muslim community, ... Read More »

Low supply the real cause of home price growth, not foreign investors; report


Foreign investment has an impact on home prices in Toronto, but we don’t know how much; there is probably less of it than we think. Pushing densities “arbitrarily” rather than allowing the housing market to determine what forms of housing are built, and where, will have negative effects on households and businesses and “cannot help” but raise housing prices. High-rise condominium living by families could alleviate house price pressures, and some realtors think there will be a “major increase” in the number of families living in condos over the next five to ten years. These are some of the familiar topics covered in the latest research from Fortress Real Developments’ ... Read More »

Sotheby’s announces sale of landmark Integral House in Toronto


Becoming a multi-millionaire by writing math textbooks for high school and university students must be one of the more unpredictable life paths. Imagine some super-bright kid in a high school calculus class looking impatiently at his textbook and thinking, “I could explain this stuff better, and probably become fabulously wealthy doing it.” It didn’t happen quite that way for James Stewart of Toronto—he was actually approached by some of his students after he had begun teaching math at McMaster University, and asked to write a textbook because his lecture notes were better than the calculus textbook used for the course. But he did become wealthy from the books, more than ... Read More »

Toronto named third-best global “city of opportunity,” with high quality of living


And the 2016 bronze medal in the category Cities of Opportunity goes to—Toronto! Yes, Toronto, along with London and Singapore, has what it takes as a global business, finance and culture capital of the world. It takes a combination of many factors, says PricewaterhouseCoopers’ global study of thirty cities, to make a city a world leader: education, transit, health, economics and governance are the main ones. The heart of the city, says PwC, revolves around balanced social and economic strengths. Quality of life factors are at the centre of the “big city picture.” Toronto rose one place in the ranking this year, from fourth to third, due to its consistently strong ... Read More »

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