Rechercher dans la communauté

Wanted to build a second downtown and wanted to have the metro line to go further west for this section. Proposed by Robert Campeau. Would have been known as New City Center 1.5 million sqft shopping center - total 2.2 million sqft retail space 75 floor office tower - total 5 million sqft office space 2 hotels (1750 rooms) 8000 unit condo tower

Toronto residents thought landlord's notice was an April Fools prank By Natalie Nanowski, CBC News (http://www.cbc.ca/news/cbc-news-online-news-staff-list-1.1294364) Posted: Apr 04, 2017 5:00 AM ET Last Updated: Apr 04, 2017 4:11 PM ET Most people expect their rent to go up each year, but not by 100 per cent. So you can imagine the shock AJ Merrick and Jon Moorhouse experienced when they got a letter from their landlord. "I thought it was an April Fools joke," said Merrick, a young marketing professional. "There's no way I'd pay that much for this apartment." But it wasn't a joke. Their two-bedroom condo located near Liberty Village was going up from $1,660 to $3,320. The notice outlined two options, either accept the rent increase or agree to vacate the unit by July 1. Wondering 'what good it would do to fight it' The letter AJ Merrick and Jon Moorhouse received about their rent increase. (Jon Moorhouse) "I just don't know what good it would do to fight it," Moorhouse said. "Realistically, they're probably trying to kick us out so they can sell the unit for the most profit." CBC Toronto tried to contact the company in charge of the rental unit, Urbancorp, which is described on its website as the "premier developer of the King West neighbourhood." The company's number is no longer in service and emails to their address listed online bounced. The company announced it had to undergo restructuring in April 2016 under the Bankruptcy Act. The lawyers handling that restructuring also didn't answer emails or calls Monday or Tuesday. A rent increase of 100 per cent is completely legal given the 1991 loophole, known formally as Bill 96. Buildings built after 1991 'the Wild West' It was introduced by the province two decades ago and allows landlords of any building constructed after 1991 to increase rent as they see fit. "This is a very shocking example of how broken the system is," said Coun. Josh Matlow, who chairs the city's tenant issues committee. "Buildings in this province built after 1991 are sort of the Wild West." Matlow, along with Coun. Ana Bailao, are pushing Ontario to change the Residential Tenancies Act (http://www.cbc.ca/news/canada/toronto/city-council-committees-renters-tenants-changes-residential-tenancies-act-1.4049369), especially after CBC Toronto's No Fixed Address (http://www.cbc.ca/news/canada/toronto/the-best-of-no-fixed-address-1.4022761) investigative series revealed that renters across the city were being priced out of their homes. Ontario is currently reviewing the legislation and Matlow says he'd like to sit down with the province when it's rewriting the rules. "Big changes need to be made as to how tenants are treated in this province, so that Toronto doesn't just become a playground for the rich. We want Toronto to be affordable and accessible." Days may be numbered for 1991 rule On Tuesday, Mayor John Tory weighed in with a similar message. "The private sector, in carrying out their own activities with respect to the rents they charge, should be very careful about what they do in instances like this because it can provoke the kind of legislative and policy reaction that is something they say would be very much against the interests of future construction of rental accommodation in the city of Toronto," said Tory. "And that would be a very bad thing for tenants and a very bad thing for the economy. " On Monday, Matlow and Bailao, who chairs the city's affordable housing committee, held a special joint meeting of their two committees at city hall where they presented eight recommendations to help regulate Toronto's rental market. Some of the recommendations include expanding rent control to buildings built after 1991, improving the supply of rental units and building homes in the city's laneways. Premier Kathleen Wynne hinted Tuesday that the days may be numbered for the 1991 rule. "The reality is, that there hasn't been rental built. There have not been rental buildings built in any comprehensive way and so that argument does not actually hold water with me at this point," Wynne said. The councillors' recommendations will be presented to the mayor's executive committee and council in the coming weeks. As for Moorhouse and Merrick, they're going to start looking for a new place to live. http://www.cbc.ca/news/canada/toronto/rent-toronto-condo-tenants-1.4054056

Website: 1200redpath-cr.com [sTREETVIEW]https://maps.google.ca/maps?ll=45.50258,-73.583658&spn=0.006204,0.009516&cbll=45.502583,-73.583658&layer=c&panoid=S8SQW7jZasjLsujb3Tl06g&cbp=12,299.98,,0,-7.69&t=h&z=17[/sTREETVIEW]

Read more: http://www.ctvnews.ca/business/alberta-s-stantec-to-expand-quebec-presence-with-dessau-deal-1.2022066#ixzz3EG23v4en

Malade Les condos 56 Leonard à NYC viennent de vendre un locker de 200 p.c. au sous-sol pour 300,000$! C'est 1,500$ du pied carré!!!

(Courtesy of the Financial Post) RBC is pulling out, yet BMO and TD are expanding. Lets see what happens.

By Brian Ker, Special to The Gazette The Gazette's panel of experts answer your questions on real estate. To ask a question, please email alampert@montrealgazette.com. There has been a lot of discussion recently regarding the bonanza of construction taking place in Montreal and certainly on these pages an inquisitive analysis of the quantity of condominium construction. We also hear about “the hot land market” and there are lots of questions as to its sustainability. I recently attended the Land and Development Conference in Toronto to determine the optimism in North America’s largest condominium market and compare that with what we have been witnessing here in Montreal as land values have rapidly increased over the past five years. In a hot market, land is not an asset but is priced more like a commodity: a raw material that is just one part of a final constructed product, including concrete, steel and labour. In a weak market, land values are more likely tied to its short-term income-producing potential, such as parking revenues less off-setting taxes. The rapidly diminishing land supply and a cultural shift toward urban living have lead to changes in the commercial land market. First, commercial land sales are principally divided between high- and low-density sites. High-density sites intended for office, hotel, mixed-use and multi-unit residential projects, while low-density sites incorporate retail, industrial and single-family home developments. The value of land is based on the total amount of density permitted on its property – a site permitting an office tower is considerably greater than a walkup row-house or an industrial facility – and the total volume of potential sales in a given year, which allow for larger projects. Restrictive zoning can adversely affect the site’s value, as can social-housing inclusions and lengthy, complicated and sometimes “out-of-control” zoning application processes that jeopardize a project’s economic vitality. On Montreal Island, the prevailing trend is that high-density sites are taking a larger market share of total land transaction sales volumes because of the increasing prominence of sales of larger development sites permitting significantly greater density, and higher pricing for each unit of density, also referred to as the price per square foot Buildable. Over the past five years, the value for each unit of density has doubled to an average price of approximately $30 per square foot buildable. This is primarily based upon the rapid increase (up to 50%) in values for condominiums during the same time period, and as such, sales of sites for residential projects have outpaced all other sectors. Developers will be happy to note that Montreal was the third-largest condominium market in North America in 2010, albeit in an aberration year for the U.S. housing market, and only trailing Toronto and Houston in overall condo starts. This buoyancy has been growing for some time as major developers have acquired land holdings to fuel future projects. Since October of 2008, there have been a 11 high-density development land transactions in the greater Montreal area that have traded above $5 million, with a total value of $148 million in high-density land sales. Major sales included the land for the Project Griffintown project, Angus Development in the Quartier des Spectacles, the Marianopolis site, the site for the Altoria project and most recently Prevel and Conceptions Rachel-Juilien acquiring the rights from Canada Lands to develop Les Bassins du Nouveau Havre for $20 million. These major land transactions were purchased by well-known, well-respected and well-capitalized condo developers, with the exception of the Angus Assembly and Altoria, both of which will feature a mix of office and condominium use. Mixed-use projects are becoming the new normal, as developers put forth projects that feature greater overall site density to decrease the effects of higher land prices or kick start existing larger projects with an exclusively residential component. For land values to continue their ascent, Montreal developers and buyers need to develop an attitude shift with regard to larger projects. The traditional condo developer logic is that it is nearly impossible to sell more than 150 units for a project in one sales year. The rationale for this is, typically, that Montrealers will not pay a deposit for a condo unit until substantial pre-sales have been achieved or it is under construction, as they are not willing to wait two to three years for delivery. Recent project launches, though, are challenging this traditional thinking, with buyers (or their agents) waiting in line overnight and first-day sell-outs occurring with regularity, or buyers are asked to place a “deposit” to reserve a unit without seeing final plans. Buyers can no longer sit back and cherry-pick the best unit, as it will probably be reserved before they arrive on the scene. In addition, unless condominiums continue to experience strong price increases, Montreal condo developers will be facing increasing pressure for prime sites from alternative uses, such as office towers, hotels, or institutional (Healthcare, Educational, Student Residence) projects, where demand is steadily growing. Finally, our municipal government needs to develop a more flexible zoning application process with regard to major urban projects and the need for public consultations. Politicians should rely on the counsel of independent experts, but are elected to make decisions, and voters should judge them on these decisions, good or bad, at the ballot-box. Montreal home and condo owners have benefited from the rapidly rising values of their residential real estate over the past five years. Although rising interest rates are on the horizon and will clearly dampen demand for condos for home ownership and as an investment vehicle, demand is increasing for alternate site uses. Land values have also seen a rapid ascent, particularly for high density sites, and the economic fundamentals support continued growth and greater liquidity in this particular market. Brian Ker is associate vice-president, National Investment Team, at CB Richard Ellis Limited. He can be reached at 514 905-2141 or by email at brian.ker@cbre.com. Read more: http://www.montrealgazette.com/sustainable+Montreal+construction+bonanza/4889700/story.html#ixzz1OFFSPeAz

Its LIVE Took almost 6 months but its finally in Canada. Take that TomTom GPS unit. Navigation is awesome you can drive around and you get Street View at the same time. Check it out <object width="640" height="385"><param name="movie" value="http://www.youtube.com/watch?v=tGXK4jKN_jY&color1=0xb1b1b1&color2=0xd0d0d0&hl=en_us&feature=player_embedded&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowScriptAccess" value="always"></param><embed src="http://www.youtube.com/watch?v=tGXK4jKN_jY&color1=0xb1b1b1&color2=0xd0d0d0&hl=en_us&feature=player_embedded&fs=1" type="application/x-shockwave-flash" allowfullscreen="true" allowScriptAccess="always" width="640" height="385"></embed></object> One other thing. Google and Ford partnered up it seems so you can sync your Google Map info with your car Navigation system!

Montreal house prices hold steady The Gazette Monday, October 06, 2008 Montreal's real-estate market remained steady during the third quarter, with average house prices experiencing single-digit gains, according to a House Price Survey report released yesterday by Royal LePage Real Estate Services. A decline in unit sales was recorded, however. While activity levels have rescinded since last year, average listing periods have actually shortened by a few days, compared to the same period 12 months prior. Of the 10 Montreal markets examined, the average price of a detached bungalow increased by 4.8 percent to $236,045, a standard two-storey home appreciated by 0.5 per cent to $336,381 and a standard condominium rose by 4.4 per cent to $204,336, year-over-year. "House prices in Montreal are inching upwards, despite an increase in listing inventory and the fact that there are slightly fewer unit sales," said Gino Romanese, senior vice-president of Royal LePage Real Estate Services Ltd. "When looking at Montreal's current housing market, we need to realize that 2007 shattered records," he added. "It's unrealistic to believe that that pace can be kept up for very long." © The Gazette 2008 http://www.canada.com/montrealgazette/news/business/story.html?id=952e9c04-7da1-4b47-8865-fd882d7d860b

I've been looking at places in South Beach Miami near the ocean. Some of the places are dirt cheap. I ended up finding a place right on Ocean Drive for $419k USD which was 2 bedroom and 2 baths (1200 sq.ft). From the info if I am reading it correctly its full ownership of the unit

Thursday, August 23rd, 2007 Areva T&D Canada adding 94 jobs as it consolidates operations near Montreal Canadian Press MONTREAL (CP) - Areva T&D Canada is adding nearly 100 new jobs as it consolidates its Canadian operations in La Prairie, Que., southwest of Montreal. The energy company said the plant will be expanded by March 2008, primarily to meet the new needs of its systems business unit. "The consolidation will make it possible to better meet the needs of our clients, present and potential, and increase of commercial synergies in a market where reaction and response time are essential to success," president Greg Farthing said in a release. "Furthermore, this reorganization will help us to respond to a growing number of clients who want integrated turnkey solutions consisting of products manufactured by several business units." The Quebec plant will eventually house more than 300 employees. A facility in nearby St-Leonard will be closed. The company said the consolidation follows the launch of its new systems group business unit, HT shop layout, acquisition of new tools for the production of high-tension circuit breakers and disconnectors, implementation of new manufacturing software and the strengthening of its sales force in Canada. Areva provides technological solutions for carbon dioxide-free power generation and electricity transmission and distribution. The Canadian company is a division of French nuclear giant Areva.