One of the strange things about living in Toronto is that despite the fierce pride the city takes in some of its landmarks, other extremely important buildings tend to get overlooked. Perhaps it’s a 1970s thing. It was a period of rapid expansion in Toronto, but the architectural style of the day has fallen out of favour. Such is the …

Almost one-quarter of the city showed some sign of gentrification, but less than 1 per cent of neighbourhoods actually made the transition from low to high household income in the past decade. At the corner of Morse St. and Queen St. E. in Leslieville, the signifiers of gentrification are on full display at Mercury Espresso Bar — a man with …

DROPPING FROM #1 TO #9 IN ONE YEAR As tradition has it, Metropolis Magazine, a New York-based publication has released their The Best Cities in the world to Live In ranking, and like last year, Toronto has made the cut. The magazine has ranked Toronto #9 out of 10 the best cities in the world to live in… quite the …

Diana Petramala is an economist at Toronto-Dominion Bank. Toronto has taken the mantle from Vancouver as Canada’s hottest major urban housing market. Vancouver has begun to embark on what we expect to be a modest 10-per-cent home price correction, reinforced by the implementation of the new land-transfer tax on non-resident buyers on Aug. 2. In contrast, the Toronto market has …

SPREADING LOVE, ONE HANDWRITTEN LETTER AT A TIME Someone once said, “all you need is love.” And that is the sentiment Toronto initiative #YYZloveletters aims to spread, one handwritten letter at a time. One Toronto inhabitant and Redditor came across one of these love letters in the city and decided to spread the love via the internet. By jaimie lerner …

HITTING SHELVES OCT 28TH The day is coming! Ontario grocery stores will soon begin selling wine, but as always there’s a catch. Not every grocery store is awarded a licenses to sell, rather the LCBO held a competitive bidding war of a mix of big-box and independent grocers. All participating stores have to abide by the AGCO’s guidelines that limit …

According to Trimart Research Corporation, the Total Market Area (TMA) has seen 14,496 new low-rise sales this year, as of the end of July 2016. That equals 59.2% of Trimart’s annual forecast. With only 1,107 sales in July, the industry did see a pretty big slump through the summer. That’s 27.1% lower than last year. The lack of supply and …

Toronto Mayor John Tory wants to free up unused public land for housing developments in a bid to get more supply into the tight market. In an interview on BNN, Tory said the municipal government could expedite the approval process for such projects, but only if other levels of government are willing to sell land to developers. “If the other …

Alexandra Posadzki, The Canadian Press Toronto’s red-hot real estate market could get even hotter as foreign nationals looking to dodge a new 15 per cent tax on properties in Vancouver seek new places to invest, realtors say. The tax, which takes effect Tuesday, was introduced by the British Columbia government with the intent of improving home affordability in Metro Vancouver, …