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Interesting read. I suppose the rumor I heard was incorrect. My prediction and opinion: The First and Second mortgage lenders will eventually take over this project. Collectively they’re the only credible players on the field. I hope the units do legitimately sell (and purchasers actually...

Wow June Bug. What a well thought out and factually supported argument. You’ve really proven your point. Go crawl back in your little hole called ignorance. Note: this is my last comment in this thread. I won’t respond to anything further. My time is too valuable to waste on willfully blind...

Not if the investor has no involvement at all and just owns a limited partnership interest in an entity that owns, manages and controls the asset. And that structure represents a huge chunk of the market for real estate investments. You’re here on Urban Toronto admiring and celebrating all the...

June you clearly have amnesia again. If the asset is held in a corp or a trust passively by say a dentist or a group of passive partners and managed by a third party property manager it could very easily see the tax rate climb to over 70% based on the draconian and immoral proposals by our...

Not quite accurate. The rental income could very easily be passive. It depends how the asset is held and the owner’s principal business. These taxes are frightening the hell out of the business community for good reason. Taxes are ridiculously high now as it is. Hard work, risk and success...

Extremely outdated (2009) paper with stale data now irrelevant.

The headline isn’t misleading at all. 1000 rental units (so far) have been converted to condo units. Obviously some developers believe that the new rent control laws will impact their future cash flows enough that their ROI on the project drops below an acceptable rate of return or at least...

I'm hearing lots of unsubstantiated but credible rumours that this site has been sold. The price will certainly impress. Anyone else care to confirm or deny?

Uber shadows on a high value public park, not to mention blanketing half the neighborhood in shadows. Proposal will be rejected on its face. Are these clowns trying to look stupid or is it their inexperience?

Zoning is used to control people huh? This discussion has throughout the course of the day, devolved into a giant ball of nonsense. I made my point, clearly. I'm quite certain that the planners, residents, politicians, future OMB, will see things my way. If they don't it will be a loss to the...

Citizens are all treated the same. It's the only land that's treated differently. This is called zoning. The city does not zone people. It zones uses of land. People are free to move wherever they choose. So no more high density on Prince Arthur just as no more high density on some side street...

So what if he/she/they did? If I have to pull punches in an open discussion for fear of offending the host then ban me now. Please. I won't waste any more of my time.

Way too logical for this crowd.

You use a lot of words to say little of value. Weston has every right to his opinions as a local homeowner and taxpayer. His financial position is of little consequence. I don't agree with him about Davenport but he has every right to comment. No I wasn't looking for entitled. Again, you're...

Excuse me? Is that some sort of insult? I thought personal insults weren't tolerated here.

Love how all you dogmatic tall building assassins close your minds to any contrary opinions. If someone suggests that a city should try and preserve the character of an area all of sudden you equate that with class warfare. It's the opposite. More density is amazing. Just not everywhere. You...

The mistake of putting a high rise apartment building amongst single family homes and a few mid rise buildings. The neighbourhood is better suited for mid rise buildings done appropriately. You could probably add a couple storeys to this building without too much distrurbace but not much more...

Further erosion to the low and mid rise character of this neighbourhood. Adding here further erodes that NEGATIVE feeling. Soho is a great example because it's a area worth preserving and one that does a good job of it. Annex should follow examples like Soho. I have failed at nothing here...

The slab next door was a mistake. It did negatively impact the street. It didn't destroy the area because the density didn't creep north. Further density on Prince Arthur would contribute further erosion of the low rise/mid rise character of this desirable neighbourhood. The Soho example...

Annex is not downtown. Proposal doesn't fit the fabric of your neighbourhood (if you actually live there) by a long shot. You're comparing Prince Arthur to Bloor and Avenue Road near Bloor. You should be comparing it to Lowther, Elgin, Boswell, Madison, Huron, etc.