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Discussion: Condo boom commence à inquièter plus sérieusement à Toronto.

  1. #1
    Mtlurb Master
    Date d'inscription
    février 2011
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    Pointe-Claire
    Messages
    507

    Par défaut Condo boom commence à inquièter plus sérieusement à Toronto.

    Quelque chose qu'on pouvait prévoir alors que tous les promoteurs se ruaient pour construire en masse. Un chiffre intéressant dans l'article; 60% d'investisseurs achètent les condos mis sur le marché. Mon épouse a une collègue de travail basée à Toronto qui attend depuis deux ans la livraison de son condo en payant son loyer et son hypothèque simultanément. Ils sont en retard de plusieurs mois. South Beach Condos à Etobicoke.

    http://www.montrealgazette.com/busin...058/story.html

  2. #21
    Date d'inscription
    avril 2010
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    514!
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    1 925

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    Citation Envoyé par Vaillant Voir le message
    According to projections by Statistics Canada, Toronto’s population will hit nearly 2.6 million by 2011, a jump of 5 percent from 2006; the growth rate for the GTA as a whole outstrips that by nearly two-to-one, rocketing to 6.26 million, a 9.2 percent change from 2006.
    I wonder how much of that is just from expanding the boundaries of the GTA... like maybe they added Hamilton
    So live this day that you can look every damn man straight in the eye and tell him to go to hell.

  3. #22
    Date d'inscription
    juin 2011
    Localisation
    Toronto
    Messages
    204

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    Citation Envoyé par Vaillant Voir le message
    According to projections by Statistics Canada, Toronto’s population will hit nearly 2.6 million by 2011, a jump of 5 percent from 2006; the growth rate for the GTA as a whole outstrips that by nearly two-to-one, rocketing to 6.26 million, a 9.2 percent change from 2006.
    the fact is Toronto is just like Montreal, it has reached its city limits and has nowhere to expand therefore the growth will start to decline as more and more move to the cheap suburbs that the GTA offers. The same goes fore Montreal. For me now, city population doesn't matter, its the greater metropolitan areas...

  4. #23
    Date d'inscription
    juin 2011
    Localisation
    Toronto
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    204

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    Citation Envoyé par Cyrus Voir le message
    I wonder how much of that is just from expanding the boundaries of the GTA... like maybe they added Hamilton
    expect in 20-25 years to see Hamilton added to the GTA

  5. #24
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    avril 2010
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    514!
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    1 925

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    It really seems to be one GTA even today. Going down the QEW/403 it is essentially one continuous urban region from Toronto/427 through Mississauga, Oakville, Burlington and Hamilton. I was working for the past month in one of those suburbs, and some of the people lived in Hamilton, a couple in Toronto, some in Milton, etc etc. To me that is one... conurbation I guess.
    So live this day that you can look every damn man straight in the eye and tell him to go to hell.

  6. #25
    Date d'inscription
    février 2007
    Localisation
    Montreal
    Messages
    4 890

    Par défaut

    There was an interesting article yesterday, talking about Toronto condo boom. Thing is I can't remember where I read it. It more or less, spoke about how condos are going up like crazy in Toronto, but no one is really moving in though.

  7. #26
    Date d'inscription
    janvier 2008
    Localisation
    Montréal
    Messages
    269

    Par défaut Yonge Street's oldsters make room for a glitzy neighbour

    Yonge Street's oldsters make room for a glitzy neighbour

    Dave LeBlanc | Columnist profile | E-mail
    Toronto— From Friday's Globe and Mail
    Published Thursday, Oct. 27, 2011 2:58PM EDT
    Last updated Thursday, Oct. 27, 2011 3:00PM EDT


    If Don Shebib's Pete and Joey from the seminal 1970 film Goin' Down the Road were to go down Yonge Street today, they might mistake it for Bay Street.

    Well, perhaps not yet, but very soon.

    First off, there are all the high-rise condominium projects currently reaching for the sky, such as the sculpted balcony behemoth at 1 Bloor East and what will be Canada's tallest residential tower, Aura, at College Park, but what's more interesting is the scene unfolding at Yonge and St. Joseph streets.

    While a tower will eventually go up there as well, about a third of the low-rise, 1880s retail block running south on Yonge – where typical, er, “colourful” businesses once stood – is about to undergo a metamorphosis. Suffice it to say that once newcomer MOD Developments Inc. and veteran partner Graywood Developments Ltd. (fresh from partnering at the Ritz-Carlton) have incorporated them into “FIVE – Condos at 5 St. Joseph,” our friends from Nova Scotia would become even more disoriented.

    And it won't stop there: Also getting a makeover is the south side of St. Joseph all the way to cobblestoned St. Nicholas Street, and a good portion of that street as well.

    It's not often developers get to play with such a large chunk of Toronto's most famous street and a handful of heritage architecture, and, thankfully, MOD's Gary Switzer and Graywood's Stephen Price have decided to sidestep the path of least resistance.

    That means retaining full building shells from 606 to 618 Yonge rather than just façades, and, where façadism is a necessary evil along St. Joseph, the face of a 1905 warehouse is being held up by an enormous, bridge-like structure so that it can remain in situ while the foundation for the Hariri Pontarini-designed 45-storey tower is dug directly underneath it. On St. Nicholas, the warehouse wall will be disassembled and trucked off-site until the tower has been erected.

    To ensure authenticity, heritage heavyweights ERA Architects will oversee brick repair, paint removal, the reintroduction of period-specific windows (double-hung wood frame) and the recreation of shop-front niceties such as metal canopies, cornices or corbels that were removed decades ago.

    This attention to detail has generated “a lot of interest from [retailers] that you wouldn't normally think would want to come into Yonge and Wellesley,” says Mr. Switzer. “We all know what the retail has been like, but I think there is a real transformation about to happen from all these projects on Yonge; I think Yonge is going to be the next Ossington in a sense.”

    And, since all of that second and third floor space above the restored retail is being sold as 14 condo suites (called “The Yonge Street Collection”), a new type of resident, it's hoped, will be attracted as well.

    This is good, because the site has an interesting history.

    Stand at the corner of St. Nicholas and Wellesley and look north. Lining the top of a six-storey brick building in huge letters is “M. Rawlinson Limited” and, to the right, “Moving Packing Storage.” While this particular building is not part of the FIVE project, it does give an indication of the sprawling footprint of the Rawlinson cartage complex a century ago. In a bird's eye illustration complete with horse-drawn delivery wagons, streetcars and 1930s automobiles, seven buildings ranging from the logoed building (listed as “No. 1”) to a Yonge-facing, three-storey office (“No. 4”) and the four-storey warehouse on St. Joseph that will “wrap” around the new tower (“No. 5”) are shown. Other buildings (which are also not part of the present-day project) extend the site to the west.

    The St. Joseph building provides direct evidence of Rawlinson's prominent position in Toronto at the time. Not just a standard warehouse structure, the main entrance is framed by an eight-course brick Gothic arch pierced by thick limestone banding; on either side of this imposing entrance are two smaller archways. Top floor windows are also Gothic and brickwork, overall, is top notch. This quality, says ERA's Scott Weir, is why the cheaper route of disassembly was dismissed: “There's a lot of skill that needs to go into [reconstruction], so it's less easy to convince the city,” he says.

    As a result, this is considered to be “one of the largest façade retentions attempted in Toronto,” says Mr. Switzer, who was with Great Gulf Homes before starting MOD in 2009, and the impressive steel assembly will be a feature on St. Joseph St. for about a year. “It is a bit of a work of art, eh?” asks Mr. Switzer. “What I find is people are taking pictures of the structure and I've even been asked ‘Is that going to stay?'” he finishes with a laugh.

    The project has already won numerous awards, but can it, and other projects along Yonge, really change things from tawdry to tony? One street to the east, the Church-Wellesley Village is packed with chic boutiques, so it's possible some will spill over. Also, one street west is Bay Street, which is over-condoed and under-retailed.



    Comment No. 2: Glen Waverley

    8:22 AM on October 28, 2011

    This comment is hidden because you have chosen to ignore Glen Waverley. Show DetailsHide Details

    Have any of you been to Manhattan lately? It's dull as dishwater, with suits and pencil skirts, Starbucks, and historic notices in the Bowery saying "At this site CBGBs nightclub once hosted the Ramones, Talking Heads" etc etc..... It's the Manhattan museum of Manhattan.
    Toronto is going down the same road. Housing in the city is artificially overpriced, and just like New York, the cool people are moving out and letting the bankers enjoy their conversations with each other. Have fun pretending your cool.


    http://www.theglobeandmail.com/life/...6042/comments/

  8. #27
    Date d'inscription
    février 2007
    Localisation
    Montreal
    Messages
    4 890

    Par défaut

    Toronto's Glass Condos Face Short Lifespan, Experts Say
    http://www.huffingtonpost.ca/2011/11...tml?ref=canada

    Isn't that nice, their condos have a lifespan of 15-25 years before they have to fix them. I just wonder what the condos shelf life, is like here in Montreal though.

  9. #28
    Date d'inscription
    mars 2008
    Localisation
    Montréal-Rosemont
    Messages
    233

    Par défaut

    Citation Envoyé par Maisonneuve Voir le message
    Yonge Street's oldsters make room for a glitzy neighbour

    Dave LeBlanc | Columnist profile | E-mail
    Toronto— From Friday's Globe and Mail
    Published Thursday, Oct. 27, 2011 2:58PM EDT
    Last updated Thursday, Oct. 27, 2011 3:00PM EDT


    If Don Shebib's Pete and Joey from the seminal 1970 film Goin' Down the Road were to go down Yonge Street today, they might mistake it for Bay Street.

    Well, perhaps not yet, but very soon.

    First off, there are all the high-rise condominium projects currently reaching for the sky, such as the sculpted balcony behemoth at 1 Bloor East and what will be Canada's tallest residential tower, Aura, at College Park, but what's more interesting is the scene unfolding at Yonge and St. Joseph streets.

    While a tower will eventually go up there as well, about a third of the low-rise, 1880s retail block running south on Yonge – where typical, er, “colourful” businesses once stood – is about to undergo a metamorphosis. Suffice it to say that once newcomer MOD Developments Inc. and veteran partner Graywood Developments Ltd. (fresh from partnering at the Ritz-Carlton) have incorporated them into “FIVE – Condos at 5 St. Joseph,” our friends from Nova Scotia would become even more disoriented.

    And it won't stop there: Also getting a makeover is the south side of St. Joseph all the way to cobblestoned St. Nicholas Street, and a good portion of that street as well.

    It's not often developers get to play with such a large chunk of Toronto's most famous street and a handful of heritage architecture, and, thankfully, MOD's Gary Switzer and Graywood's Stephen Price have decided to sidestep the path of least resistance.

    That means retaining full building shells from 606 to 618 Yonge rather than just façades, and, where façadism is a necessary evil along St. Joseph, the face of a 1905 warehouse is being held up by an enormous, bridge-like structure so that it can remain in situ while the foundation for the Hariri Pontarini-designed 45-storey tower is dug directly underneath it. On St. Nicholas, the warehouse wall will be disassembled and trucked off-site until the tower has been erected.

    To ensure authenticity, heritage heavyweights ERA Architects will oversee brick repair, paint removal, the reintroduction of period-specific windows (double-hung wood frame) and the recreation of shop-front niceties such as metal canopies, cornices or corbels that were removed decades ago.

    This attention to detail has generated “a lot of interest from [retailers] that you wouldn't normally think would want to come into Yonge and Wellesley,” says Mr. Switzer. “We all know what the retail has been like, but I think there is a real transformation about to happen from all these projects on Yonge; I think Yonge is going to be the next Ossington in a sense.”

    And, since all of that second and third floor space above the restored retail is being sold as 14 condo suites (called “The Yonge Street Collection”), a new type of resident, it's hoped, will be attracted as well.

    This is good, because the site has an interesting history.

    Stand at the corner of St. Nicholas and Wellesley and look north. Lining the top of a six-storey brick building in huge letters is “M. Rawlinson Limited” and, to the right, “Moving Packing Storage.” While this particular building is not part of the FIVE project, it does give an indication of the sprawling footprint of the Rawlinson cartage complex a century ago. In a bird's eye illustration complete with horse-drawn delivery wagons, streetcars and 1930s automobiles, seven buildings ranging from the logoed building (listed as “No. 1”) to a Yonge-facing, three-storey office (“No. 4”) and the four-storey warehouse on St. Joseph that will “wrap” around the new tower (“No. 5”) are shown. Other buildings (which are also not part of the present-day project) extend the site to the west.

    The St. Joseph building provides direct evidence of Rawlinson's prominent position in Toronto at the time. Not just a standard warehouse structure, the main entrance is framed by an eight-course brick Gothic arch pierced by thick limestone banding; on either side of this imposing entrance are two smaller archways. Top floor windows are also Gothic and brickwork, overall, is top notch. This quality, says ERA's Scott Weir, is why the cheaper route of disassembly was dismissed: “There's a lot of skill that needs to go into [reconstruction], so it's less easy to convince the city,” he says.

    As a result, this is considered to be “one of the largest façade retentions attempted in Toronto,” says Mr. Switzer, who was with Great Gulf Homes before starting MOD in 2009, and the impressive steel assembly will be a feature on St. Joseph St. for about a year. “It is a bit of a work of art, eh?” asks Mr. Switzer. “What I find is people are taking pictures of the structure and I've even been asked ‘Is that going to stay?'” he finishes with a laugh.

    The project has already won numerous awards, but can it, and other projects along Yonge, really change things from tawdry to tony? One street to the east, the Church-Wellesley Village is packed with chic boutiques, so it's possible some will spill over. Also, one street west is Bay Street, which is over-condoed and under-retailed.



    Comment No. 2: Glen Waverley

    8:22 AM on October 28, 2011

    This comment is hidden because you have chosen to ignore Glen Waverley. Show DetailsHide Details

    Have any of you been to Manhattan lately? It's dull as dishwater, with suits and pencil skirts, Starbucks, and historic notices in the Bowery saying "At this site CBGBs nightclub once hosted the Ramones, Talking Heads" etc etc..... It's the Manhattan museum of Manhattan.
    Toronto is going down the same road. Housing in the city is artificially overpriced, and just like New York, the cool people are moving out and letting the bankers enjoy their conversations with each other. Have fun pretending your cool.


    http://www.theglobeandmail.com/life/...6042/comments/
    It's going to take more than a few condos full of d-bags to save that street. Yonge St. is one the most embarrassingly cheap and dilapidated looking main streets in any major city in North America- pretty much from end to end. It reminds me of Clifton Hill in Niagara Falls only the buildings are in worse shape. It's not that noticeable when you're there as it's only marginally worse than the TOjuana street aesthetic you'll find in most of Toronto.

  10. #29
    Date d'inscription
    mars 2008
    Localisation
    Montréal-Rosemont
    Messages
    233

    Par défaut

    Citation Envoyé par jesseps Voir le message
    http://www.huffingtonpost.ca/2011/11...tml?ref=canada

    Isn't that nice, their condos have a lifespan of 15-25 years before they have to fix them. I just wonder what the condos shelf life, is like here in Montreal though.
    There has been so much hastily-built, cheap crap go up in Toronto's latest boom (City Place, prime example) that it will make the crap from previous booms look desirable by comparison. There are going to be a lot of questions asked in the next 10-20 years as a lot of this garbatecture begins to prematurely deteriorate. In the meantime, watch the late surge of more cheapo, 400 sq/ft chicken coops that Asian flippers and investors will keep gobbling up 10 at a time- until the inevitable bust that is. You can't have a boom without a bust and the longer this increasingly artificial boom lasts, the bigger the bust will be. The landscape will be littered with junk.

  11. #30
    Date d'inscription
    juillet 2009
    Localisation
    New York
    Messages
    27

    Par défaut

    ^get help man. you've moved into derangement territory. or put the bottle away, lose about 50lbs and get a girlfriend.

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