News   Jul 15, 2024
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  1. M

    Baby, we got a bubble!?

    The thing is, you’re advising people (their own decision granted, you are just trying to maximize their return on a chosen investment) to buy a condo to rent out that is generating somewhere (if you’re lucky) 3-4% free cash flow. That cashflow is then taxable as investment income. The rest of...
  2. M

    Toronto CIBC SQUARE | 241.39m | 50s | Hines | WilkinsonEyre

    Ivanhoe and SITQ are the same. Both Caisse de Depot. And the height looks to be 55-58 stories total (including pinnacle).
  3. M

    Toronto Union Park | 303.26m | 58s | Oxford Properties | Pelli Clarke Pelli

    I"m almost certain that this 1.1m sq.ft does not include the existing south buildings of the convention center which would be largely unchanged. This is tearing down the north building and adding 1.1m sq.ft. The whole convention centre now is 640k sq.ft. with about 480k of exhibition space I...
  4. M

    Toronto Union Park | 303.26m | 58s | Oxford Properties | Pelli Clarke Pelli

    1mln sq.ft. is pretty much putting a Sherway Mall or Vaughn Mills on Front St. It’s a LOT of retail. I would heavily suspect that Oxford would draw a new to Canada major department store as an anchor to the space. I know they have had discussions at least a couple of years ago with Harvey...
  5. M

    Toronto RBC WaterPark Place III | 140.2m | 30s | Oxford Properties | WZMH

    +1 they are taking the majority of the building. If they had said "give us soul" Oxford would have been much more than happy to. They said "give us cheap, functional, cheap, high density and cheap."
  6. M

    Toronto 160 Front West | 239.87m | 46s | Cadillac Fairview | AS + GG

    What about someone like Hatch or SNC consolidating and moving into the core? Hatch has a huge number of buildings in Mississauga / Oakville and it must be a pain...
  7. M

    Toronto Sun Life Financial Tower & Harbour Plaza Residences | 236.51m | 67s | Menkes | Sweeny &Co

    So small, with no covenant and highly likely to not last? Yes that's the ticket!
  8. M

    Toronto Richmond Adelaide Centre: EY Tower | 188.05m | 40s | Oxford Properties | Kohn Pedersen Fox

    100 Adelaide is under construction, 156 Front is a dream at the moment with potential for more. RAC will be done (and silver if it wants to be) YEARS before 156 Front.
  9. M

    Baby, we got a bubble!?

    Using Teranet data (repeat sales regression, so much better than TREB data) the 5 year CAGR for Toronto home prices is 2.37%, 10 year is 1.42% and 15 year is 1.25%. Those don't factor in inflation (an important thing that some have mentioned and GREATLY deflate that "bubble". Yes that number is...
  10. M

    Toronto QRC West (Queen Richmond Centre West) | 71.93m | 17s | Allied | Sweeny &Co

    Just announced they have leased 70,000 sq.ft. to a tenant on the 5th to 8th floors to be their national headquarters. Don't know the tenant.
  11. M

    Toronto Richmond Adelaide Centre: EY Tower | 188.05m | 40s | Oxford Properties | Kohn Pedersen Fox

    I'm almost certain that it will connect between the rexal and the elevators to the north (so where the large tv billboard is right now).
  12. M

    Toronto 160 Front West | 239.87m | 46s | Cadillac Fairview | AS + GG

    Google has a 90,000 sq.ft. of space in 111 richmond and just signed a lease for 185,000 sq.ft. in Waterloo. Apple is taking 50,000 sq.ft. in the southcore, I could see an IBM taking a couple of hundred thousand sq.ft. as a lead tenant downtown. Certainly isn't going to be a law firm... I've...
  13. M

    Toronto RBC WaterPark Place III | 140.2m | 30s | Oxford Properties | WZMH

    The podium glass and a few stories up past that on the RBC Dexia building is bomb resistant glass. Seeing as it's the same tenant, I wouldn't be surprised if they are doing something similar here. RBC also uses vibrating glass on some office windows to stop laser microphones...
  14. M

    Loblaws & LCBO-396 St. Clair near Bathurst (1s addition)

    There was also a large family doctor practice which opened up in the top (mezzanine) floor of the Loblaws in January. This extra floor could be for professional space as competition to Clairhurst on the kitty-corner. A large LCBO (dupont St. sized) would do very well as there are no large ones...
  15. M

    Toronto The HUB | 258.46m | 59s | Oxford Properties | Rogers Stirk Harbour

    You're joking right? As for the wood foundation, I suspect Oxford would underpin as part of the development, partially as a way to increase parking as well.
  16. M

    Toronto Bay Adelaide Centre | 217.92m | 51s | Brookfield | KPMB

    +1 The Shard is striking but an absolute bust. BA towers are infill and BA East will barely be able to be seen in the skyline, it's only where there are obstacles around site or planning that novel and interesting designs come out. That or when it is a showcase.
  17. M

    Toronto Yorkdale Shopping Centre | ?m | ?s | Oxford Properties | MMC Architecture

    The LandLord doesn't publish what tenants pay them...:rolleyes: The last time I looked (which was admittedly about 5 years ago) there were quite a few tenants in Yorkdale which were paying percentage rent.
  18. M

    Toronto Bay Adelaide Centre | 217.92m | 51s | Brookfield | KPMB

    222 Bay, 77 King, 95 Wellington, 161 Bay, 181 Bay, 333 Bay, 40 King, 100 King, 21 King, 130 King, 200 King are all Class A-AAA at the very least with 1 Adelaide, 123 Front, 2 Queen, 111 Richmond and 70/155 university all being at the very very least strong B class buildings. Maybe if I use...
  19. M

    Toronto Bay Adelaide Centre | 217.92m | 51s | Brookfield | KPMB

    That’s absolutely wrong. While a lot of these are being listed as available but won’t be until some new builds come on line, across all of them there are many more than 2 full floors available RIGHT NOW (The list doesn’t include under construction properties). These are only listed (direct &...
  20. M

    Toronto Forma | 308m | 84s | Great Gulf | Gehry Partners

    I’m sorry but you started with “ME” and quickly moved to “US” while not giving back the things you derided as not important to “YOU”. OCAD? Hundreds of students each and every ear will use it. That is a measurable “give back” to the greater community (otherwise known as “US” even if not “YOU”)...

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