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I hear you Investor. I'm not saying it will likely happen, but I'm also not saying that it can't happen. Edit: I'm just saying that it'd be scary IF it did happen. I couldn't imagine being forced to buy property in Manhattan or London or Hong Kong, and end up with $100 monthly disposable...

Then again guys, what about those office buildings and banks on Bay Street and other parts of the core? They've been here well over 100 years... Or maybe by the time it becomes profitable to retrofit a new building on the land, the old condo building would have depreciated so much that it...

I guess when you can turn a reasonable profit, Toronto would have used up all it's land, and urban sprawl have been contained. It'd be like London or Hong Kong... That'd be scary.

But the definition of a freehold property is that it is not on leased land... otherwise it'd be leasehold. I haven't seen many leasehold properties available, other than in older parts of Brampton and south Scarborough. And those are usually single family properties.

But they are (and will not) be much taller than 15-20 storeys. I agree with Marcus, 40 storeys is far too much at this point.

Holy, finally under contruction. This thing has been on sale since forever.

I think his office is in one of the suites at 66 Portland.

Approx $550/sq ft. Edit: $450 - $550 that is, my guys paid a premium for the extra giant terrace.

But he doesn't believe in real estate... the sky is going to crash. :D

Just curious, where did you buy?

!! $15k a month !! You must have a really nice condo.

I don't see prices dropping at all right now... Your logic is sound, but are you basing this on facts, or what you feel? Again, show me these numbers of speculative sales. where are you getting this info from?

Bah, sorry, was typing this from my cell phone browser. I meant, does anyone have more information on the affordable hoUsing that is being built here?

Do you guys have a link for this? For the city hosing stuff.

It's a radiator for heating (with no valve, unless you are on the top floor), and you have to use an approved portable air conditioning unit (no central air). It's really hardcore loft living. But the great thing about it is the raw space. HUGE ceilings. You can make the place look...

Then again, there's a friend of mine who bought a freehold townhouse in Yorkville for 3+ mil. Planning to live in it, but if a buyer comes along, they'll sell. Just crazy.

I just received a new condo doc. The building is no longer going to be 2 seperate condo entities (one for the residents, one for the hotel), but only one instead. I'll read it again in more detail tomorrow, but I think I remember reading that the hotel will be responsible for it's portion of...

"But try to find a respected Canadian economist who buys into Turner's pessimism. People at the University of Toronto's economics department, the Ivey School of Business at the University of Western Ontario and University of British Columbia's Centre for Urban Economics and Real Estate couldn't...

I would say a unit like this could rent for around $1300-1400 per month, for a 1 bedroom plus den which includes parking and locker, excluding hydro. This is not a quick flip, if it were, he would be holding on to it until after occupancy and then flipping it then. This is a deal.

Not to mention that the property taxes for these multi-million dollar units will be pretty hefty...