Monday, October 31, 2011
Sunday, October 30, 2011
Earlier this month, U.S.-based Forbes magazine ranked Canada as the best place on the planet to do business. The U.S. came in 10th.
As the economic hub of the country, responsible for fully 20 per cent of its GDP, Toronto benefits greatly from such global attention. “We’re seen as a safe haven for foreign investment,” said Vaccaro.
The city is also a major immigration destination. Federal immigration policies continue to attract large numbers of new Canadians, most of whom are drawn invariably to the big cities, especially Toronto. An estimated 100,000 new residents move into the greater Toronto area each year, a growth rate closer to that of cities in Asia than any in North America.
In addition, immigration rules favor migrants with assets, meaning many jump quickly into a housing market that, despite rising prices, is still a bargain by international standards.
In addition, Toronto is bordered by a ‘green belt,’ ringing the city at the edges of its vast suburbs. Imposed by the province of Ontario in 2005 largely as an environmental measure, it has helped contain suburban sprawl, forcing developers to move away from traditional housing tract development and to look skywards.
The result is a city that gleams in the late afternoon light, a magnet for big money and big names.
So...... Plainly we are not Dubai.
Monday, October 24, 2011
Of course, there is the other side of the family that also has elders to consider and as the responsible sibling; obligations always seem to fall to you.
SO, Your Mom and Dad are still active and care free, they could stay in their own home for years to come but will require assisted living soon. Barring anything that is an unexpected medical event or a catostrophic event; things could sail along for years just the way they are. The challenge is on the other side of the marriage where parents are a little older, require more attention, care and assistance to make those seemingly weekly Doctor visits and driving in Toronto does give you some concern.
Can I propose a solution that has worked for another family?
Would you consider an EIGHT bedroom house?
Actually it could be better described as a house with three distinct living zones.
Each family unit could maintain their independent lifestyle yet have access to the communal dinners, events and especially the time and affection of their grand children that previously required staged and planned visits.
If the unification of a family in this fashion can solve your Living Challenges, Save you a minimum of $5,000 per month as compared with a Condo and Assisted Living expenses, I would be pleased to arrange a visit for you in a Luxury Etobicoke Neighbourhood at Islington and Kingsway.
Wednesday, October 5, 2011
There are currently 132 highrise buildings under construction in Toronto, according to the figures. Mexico City ranks a distant second with 88 and New York City is in third with 86. The field drops off dramatically after that: fourth-ranking Chicago is building 17 highrises, while Miami rounds out the top five with 16.
Emporis defines a highrise building as between 35 and 100 metres high, or 12 to 40 floors. Buildings taller than that are considered skyscrapers.
Toronto already has the second-highest number of completed highrises and skyscrapers in North America, with 1,875 — just ahead of Mexico City and Chicago — according to Emporis. They all trail runaway leader New York City by more than 4,000, however.
Continuing with this article, while some are already screaming about a condo bubble and over building an already overheated market; the Star article goes on to add...
There is little fear among industry experts that Toronto construction is outstripping demand, despite Bank of Canada Governor Mark Carney’s warning about a national condo price bubble back in June. In fact, some are worried about the opposite.
There are more than 39,000 condo units under construction in the region, according to Myers — “and 88 per cent of those are already sold.”
A further 118 buildings are in pre-construction, he said, and three-quarters of those are sold. “We’re just continually getting larger and larger and larger.”