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Old August 25th, 2009, 04:13 PM   #461
Elkhanan1
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500 Sherbourne U/C on the right (X Condo U/C on the left) by Marcanadian on UT

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A view of the south side. Windows on the 29th floor completed.


A view of the north side. Smoothing out balcony ceiling on the 26th floor.

WestHarbourCity by tgam on UT

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It's starting to look a little like Chicago down here:

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Phase 2:

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Vu Living by greenleaf on UT

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The "vu" from Panorama:

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155 Cumberland /130 Bloor by greanleaf on UT

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Through the smog, from Panorama:

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See previous page / post for more updates

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Old August 25th, 2009, 04:33 PM   #462
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One Bedford by drum118 on UT

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By ProjectEnd on UT

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Old August 25th, 2009, 04:55 PM   #463
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London on the Esplanade by drum118 on UT


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Old September 11th, 2009, 05:38 PM   #464
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Checking the ‘same as rent' claims
It all depends on a few crucial variables…

11 September 2009
The Globe and Mail

The current recession seems to have brought at least one benefit to Toronto's new condominium market. You can indeed now buy a suite in some projects and carry it – mortgage, taxes and maintenance included – for the same or slightly more than rent for comparable accommodation.

Frankly, when builders, agents and marketing people started making that claim, I thought it must be hyperbole; there had to be some catch they were not mentioning.

There is – in a way.

You can indeed pick up a one-, a one-plus den and even a two-bedroom suite in some projects and end up paying the same or slightly more than rent, but it all hinges on plunking down 20 per cent in cash and taking a mortgage for the balance. Granted, it is possible to buy with less of a down payment or even to borrow what you need.

Do that, however, and the monthly carrying costs start to go up and it will be cheaper to rent.

The amortization length of a mortgage plays a major role as well. For example, a $247,000 variable interest rate 25-year mortgage at 2.45 per cent – which indeed can be had today – comes in at about $1,100 a month, says Dan Flomen of TFN Realty Inc. Take that same mortgage and amortize it over 35 years and the monthly payments come down to about $875.

Here are examples of three projects where new suites can carry for about the same as you would likely pay in rent if you moved in today. In reality, buyers will be moving in some time between the end of 2010 and the middle of 2011, which raises a couple of wrinkles.

The first is that by then rents will certainly have risen across the Greater Toronto Area because a shortage of rental suites looms. The way the price of suites is going up today, the ones we are talking about here will be worth anywhere from 6 to 10 per cent more than what they sell for today.

The first project worth mentioning is Gramercy Park, which is being built by Malibu Investments Inc. just west of the Wilson subway station in Downsview. A 590 square foot one-bedroom unit sells for $216,990. Choose a 35-year fixed mortgage at 4.19 per cent and the monthly payment is $784.73. Taxes are $180.83 and maintenance $286.22, which gives a total monthly cost of $1,251.78.

Choose a five-year variable mortgage at 3.09 per cent and the monthly mortgage payment comes down to $676.82, which reduces total monthly carrying costs to $1,143.87.

Eve Lewis, president of MarketVision Realty Inc., which is the agent for the project, says market rents today for similar one-bedroom suites in the neighbourhood hover at about $1,150, which means that a fixed-rate mortgage puts you about $100 over rent and the variable rate mortgage about $6 under.

The gap is a bit wider for larger suites. An 806 square foot, two-bedroom unit selling for $290,990 comes in at $1,671.96 on a four year fixed mortgage, but $1,527.25 with the variable-rate mortgage. The market rent for two-bedroom suites in the area is about $1,500.

If you prefer to live in the west end, Debbie Cosic of In2ition Realty Inc., says take a look at Evolution. It has 133 suites and is being developed by Beaverbrook Developments at Dundas Street West and Michael Power Place.

The one-bedroom suites are sold out but you can still get a 736 square foot two-bedroom suite starting at $245,900. Arrange a 35-year mortgage at 3.15 per cent and you will pay $768.85 a month plus $204.25 in taxes and $379.29 in maintenance for a grand total of $1,352.39 a month.

That deal also includes a bonus – two years free maintenance.

“In that neighbourhood, you could rent it for at least $1,400 a month easily,” she says.

The third condo is Elle on Kariya Drive near Hurontario Street and Burnhamthorpe Road in Mississauga. Amacon Developments is the builder. Right now the project is selling phase three of the 328-suite tower.

Amacon is also offering a special incentive. Buy now and you get $10,000 cash back on closing plus $10,000 toward furnishings, says Mr. Flomen (TFN Reality is the agent for the project). He says after that cash-back offer, a 650 square foot one-bedroom plus den suite sells for as low as $235,000. A 25-year variable rate mortgage at 2.45 per cent would mean monthly payments of $840. Add on $180 in taxes and $290 in maintenance and the total monthly costs would be $1,310.

“Unfurnished suites are now renting for $1,250, so furnished ones would be at a premium above that,” he says.

An 830 square foot, fully furnished two-bedroom suite starts at $308,900 after the cash-back offer. Based on a 25-year mortgage at that same rate the total monthly costs including taxes and maintenance would be $1,660. On a 35-year mortgage they would be $1,445. Market rents start at $1,500 a month, Mr. Flomen says.
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Old September 15th, 2009, 09:22 PM   #465
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Some context and will see how it ties with the next set of figures on new home sales :

GTA home sales rise 27%
Toronto Star
September 15, 2009
Tony Wong



Existing home sales in the GTA rose 27 per cent in August, helping boost Ontario sales to 15.9 per cent compared to the same time last year, according to the Canadian Real Estate Association.

The group reported that 18,067 homes traded hands. Average prices were also up by 7.5 per cent to $313,512.

"Low interest rates and affordability continue to attract homebuyers to the housing market. Consumer confidence continues to rise, which bodes well for activity in the coming months," said CREA president Dale Ripplinger.

Seasonally adjusted sales were also up slightly from July by 0.5 per cent, thanks to the strong Toronto market.

"The balance of sentiment making big ticket purchases pushed into positive territory in August for the first time since early last year," said CREA chief economist Gregory Klump.

Nationally, Canadian existing home sales increased 18.5 per cent in August compared to the same time last year.

Prices also rose by 11.3 per cent from year ago levels to $324,779. This represents the highest average price for the month of August.

CREA said the high prices were the result of demand in the more expensive housing markets skewing figures upward.

Improved demand combined with fewer listings is drawing down inventory in the market. Listings were down by 13.3 per cent in August from a year earlier.

The number of months of inventory was up slightly in August to five months, from 4.4 months in July. That is well below the recessionary peak of 12.8 months in January of this year.
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Old October 4th, 2009, 06:15 AM   #466
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Ah I am stuck in Parry Sound after residing in Toronto for four years,what a great site this is for being up-to-date online.
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Old October 20th, 2009, 10:28 AM   #467
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Projects Update I


1. Bloor Street Revitalization

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By dt_toronto_geek on UT

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Click on the thumbnail to enlarge, then click again on the image for full size.


2. One Bedford

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By drum118 on UT

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Oct 17






Oct 18

3. Thompson Hotel

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By drum118 on UT

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4. Casa

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By drum on UT

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Old October 20th, 2009, 10:51 AM   #468
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Projects Update II


5. Ritz-Carlton


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http://urbantoronto.ca/picoftheday/r...ontoRender.jpg


By drum118 on UT

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6. Crystal Blu & Uptown

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http://www.remaxcondosplus.com/toron...ring_small.jpg


By drum 118

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7. Festival Tower (w/Parade U/C in a couple of shots)

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Old October 20th, 2009, 11:13 AM   #469
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Projects Update III


8. 155 Cumberland/130 Bloor

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[IMG]http://i34.************/2jcavyg.jpg[/IMG]
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Oct 18
More scaffolding coming down today.



9. Four Seasons

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By drum118 on UT

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10. X Condo

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Oct 17


By dt_toronto_geek on UT

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11. Trump

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Version on the Left


By drum118 on UT

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12. East Condo-Lofts

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hoarding on princess st. is gone

By urbandreamer on UT

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13. Burano

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http://www.l-aproperties.com/Picture...o/burano_s.jpg


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14.Lumière

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Old October 20th, 2009, 11:30 AM   #470
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Projects Update IV


15. 18 York (PriceWaterhouseCoopers)

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[IMG]http://i36.************/ipxtuw.jpg[/IMG]
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By drum118

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16. Maple Leaf Square

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By meiborlo on UT

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17. The Florian

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http://www.condo-living-west.com/tob...rian-entry.jpg


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To bad those building to the east could not been part of this project.



18. NXT Condos

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http://www.condo-living-west.com/tob...xt-render2.jpg


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19. Parade

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By MatrixELement on UT

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From under the Gardiner at Bathurst:
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http://www.flickr.com/photos/[email protected]/4000982239/

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20. Charlie

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[IMG]http://i38.************/14ajzhd.jpg[/IMG]
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By Jasonzed in the Toronto section


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Old October 21st, 2009, 02:30 AM   #471
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OUTSTANDING EFFORT!!!


That is truly some great work right there. Thank You!
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Old October 21st, 2009, 02:53 AM   #472
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Yes, well done.
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Old November 13th, 2009, 05:57 PM   #473
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You see the graffiti on a wall by the roof top by Sherbrooke,I know the person who commited the ugly crime hehe.
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Old November 15th, 2009, 06:48 AM   #474
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The (welcome) return of the office tower
14 November 2009
The Toronto Star

There's nothing unusual about the appearance of a new tower in Toronto, but a new office tower is something different. After a break of almost a decade, the corporate skyscraper is back.

Suddenly it seems the slick facades of highrise corporatism are everywhere. Just weeks ago it was the opening of the Bay-Adelaide Centre, a tall glass box wrapped around the remnants of an office block from an earlier era.

Now it's the RBC Centre. Occupying the southwest corner of Wellington and Simcoe Sts., this huge project includes a hotel and condo component, as well as an office tower. The latter, which also opened recently, faces onto the intersection. Though the Residence at Ritz-Carlton remains under construction directly to the west, the corporate piece is complete.

Designed by Kohn Pedersen Fox of New York with Bregman and Hamann of Toronto, this is a complex of rare elegance. It also happens to be a thoroughly urban addition to the streetscape and the skyline, one of those exceptional developments that work both as a landmark and a place to be.

From a distance, the tower is all transparency, a glass-clad lantern. The architects have avoided the threat of post-traumatic tower disorder by subtly manipulating the facades. They become a series of planes that behave independently of the expected geometry of the building. A few metres above grade, for example, the east facade starts the slant inward. As it rises the full height of the tower, 43 storeys, that same front emerges as a separate architectural element in its own right.

The surprisingly modest entrance leads to one of the most striking lobbies this city has ever seen. Minimal to the point of sparseness, the space is divided by a row of large bulkheads that divide banks of elevators. The furniture, a pair of black stone benches and a matching security desk, is so cool it squeaks. The space achieves a kind of perfection.

Outside, the block-long development brings a new level of activity and life to long-suffering Wellington. Keep in mind that west of Simcoe, it is a street of loading docks, back doors and garage entrances, all necessary, but hardly the stuff of great urban moments.

That didn't stop the designers from engaging Wellington directly. The most dramatic feature is a 10-storey podium, glass and steel, that comes out to the sidewalk. Though unfinished, the street-level element of the hotel/condo next door is already attracting attention. Above, an enormous cornice, about five or six storeys high, reaches out from the building, a gesture as protective as it is eye-catching.

Not so long ago, a bank tower such as this would have been inconceivable anywhere west of University Ave., especially on Wellington. There are other big structures in the neighbourhood - the CBC Broadcast Centre to the west and Metro Hall to the north - but no one would have expected to find them in the Financial District. Historically, that's where a project such as RBC would have gone.

It says much about the growing maturity of our city that bankers are now comfortable building on land outside their traditional Valhalla at King and Bay. And nobody could argue a tower of such quality isn't infinitely preferable to the parking lot it replaced.

The third new highrise is the Telus Tower on Bremner Blvd. at York St. Again, it's on the wrong side of the tracks, but on a site that makes a lot of sense.

For a community awash in residential construction, the advent of three distinctly nondomestic towers reminds us that the city is more than just a place to live and play. The condo-ization of every neighbourhood in Toronto, including the Financial District itself, comes at a cost, namely that of diversity. Though it's unlikely anyone will thank the Royal Bank, we should be happy it decided to stay downtown. In recent decades, financial institutions have been quietly heading for the asphalt hills of Mississauga.

The fact that that has started to change says something important about where Toronto's going. Even before Richard Florida and the Gospel of the Creative Class came along, it was clear that cities represented the future.

The fact that the RBC was also designed to meet LEED green building Gold certification - meaningless in a suburban setting - also speaks volumes about the goals of contemporary corporate architecture. Informed by the need for urbanity, the KPF scheme represents a genuine act of city-building, not just another tower.

And so one more gap in the urban fabric has been filled, a tear repaired. Though Toronto remains a work in progress, the RBC Centre brings it one step closer to completion. Other buildings will have to go so that work can continue, but this new complex is a keeper. It deserves to stay.
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Old November 15th, 2009, 11:31 AM   #475
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Wow... this is a crazy boom! in Toronto so many projects !!!




Keep on updating
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Old November 16th, 2009, 11:30 AM   #476
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Casa by androiduk on UT. Nov 11.
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Trump by caltrane74 on UT. Nov 14.
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image hosted on flickr

X by Mike in TO on UT. Nov 12.
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image hosted on flickr

Corus Quay (lowrise at water's edge) by Automation Gallery on UT. Nov 15.
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Ritz-Carlton by dt_toronto_geek on UT. Nov 15.
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Ritz-Carlton by Automation Gallery on UT. Nov 15.
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Ritz is starting to make an impact on our skyline, from Polson Pier.



Ritz-Carlton by caltrane74 on UT. Nov 14.
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image hosted on flickr


image hosted on flickr


image hosted on flickr


image hosted on flickr

U/C from Left to right: Parade, West Harbour City II, West Harbour City I (T/O), Neptune by Mike in TO on UT. Nov 12.
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Maple Leaf Square by caltrane74 on UT. Nov 14.
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Maple Leaf Square by drum118 on UT. Nov 14.
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Maple Leaf Square by Automation Gallery on UT. Nov 15. (West Harbour City II and Panarama U/C in foreground)
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Lumiere by drum118 on UT. Nov 11.
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Festival Tower by caltrane74 on UT. Nov 14.
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One Bedford by Mike in TO on UT. Nov 12.
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One Bedford from Afar

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Old November 24th, 2009, 01:29 AM   #477
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Good job!
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Old December 7th, 2009, 05:42 PM   #478
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Toronto to host G20 summit next June
Published On Mon Dec 07 2009


SEOUL, South Korea — Prime Minister Stephen Harper has announced that next year's all-important G-20 summit will be held in Toronto on June 26 and 27.

That means Harper - and the city - will play host to the most powerful players in global politics, including Chinese President Hu Jintao, with whom Harper spent time last week during his first-ever visit to China.

Hu's visit is likely to be warmly welcomed by the city's large Chinese population.

Harper made the announcement at a joint press conference Monday with South Korean President Lee Myung-bak.

South Korea will host a second, G-20 summit in Seoul, in November the two presidents said.

Canadian officials had originally hoped to hold the smaller G-8 the meeting in Huntsville, while the larger G-20 meeting would be held nearby, using Muskoka as a hub.

But the plan was deemed unworkable due to accommodation and security concerns.

Hosting a G20 summit normally requires about 10,000 hotel rooms and air-tight security for more than 30 high-level, international delegations.

Huntsville has approximately 1,000 hotel rooms at most.

Ottawa has already sunk about $11 million into area infrastructure, including an airport upgrade for North Bay, Ont., although no decision had been made on whether to fly delegations through the northern city.

It's unclear whether similar funding will be made available to Toronto, now that the annnouncement has been officially made.
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Old December 22nd, 2009, 10:00 PM   #479
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Old January 4th, 2010, 09:19 AM   #480
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I would like to say thanks for sharing nice images. I never went to this city but by after watching some images of this city, I want to go there.
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