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  #6181  
Old Posted Oct 16, 2016, 6:06 PM
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Within the year, we could see excavation on The One, and site prep for One Yonge and Bay Park, everything else, I wouldn't hold my breath.
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  #6182  
Old Posted Oct 16, 2016, 8:15 PM
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With the new mortgage rules we will likely see a slow down in new condo builds across the GTA. If a non-resident tax is imposed in Ontario like in BC expect a major correction and possible cancellation of projects.
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  #6183  
Old Posted Oct 17, 2016, 1:43 AM
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I hope Ontario does bring in a similar tax.

It is better to bring it in now than wait like BC has where the damage is already done.
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  #6184  
Old Posted Oct 17, 2016, 2:25 AM
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Originally Posted by billy corgan View Post
With the new mortgage rules we will likely see a slow down in new condo builds across the GTA. If a non-resident tax is imposed in Ontario like in BC expect a major correction and possible cancellation of projects.
It's not as clear cut as that.

Tighter mortgage rules means potential purchasers will be renting longer; that may put upward pressure on rent rates.

When rent rates increase condo investors start seeing slightly better returns (maybe even cash-flow positive). New condos are heavily investor driven (multi-year lead time basically requires it; versus a house which has a 3 month lead time.). Resale pricing might level off or even drop, but new condo sales in central GTA may be surprising next spring/summer (or might not be surprising at all).


If not condos, then apartments will start showing up again.
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  #6185  
Old Posted Oct 17, 2016, 4:26 AM
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Yeah, tighter restrictions on first time buyers is small potatoes. I doubt it will make a noticeable impact.

You need to hit up the multi-billion dollar real estate funds and make real estate investment less palatable to industries that are a lot more beneficial and sustainable for Canadians.
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  #6186  
Old Posted Oct 17, 2016, 6:31 AM
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I'm for a free market, there is already too much government regulation in Canada.
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  #6187  
Old Posted Oct 17, 2016, 6:58 AM
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I'm for a free market, there is already too much government regulation in Canada.
Canada real estate market is already completely government controlled.

CMHC is the nation's largest welfare program but because the middle class use it, it is not referred to as a welfare program. Revenue Canada is also complicit by knowingly allowing billions of dirty money being funnelled into the country from China into the nation's real estate market.

CMHC has made homes unaffordable in much of the country by allowing ridiculous sums to be borrowed for their homes and it's threat to the nation's financial health be damned.
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  #6188  
Old Posted Oct 17, 2016, 12:14 PM
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The banks don't want this regulation, and the default rate for mortgages is under 1%. Even if they try to keep foreign money out, the money will find another legitimate way to get in. How many people here on work/study visas would be purchasing homes if this regulation goes into place? The last time the government tried to slow the housing market in Toronto and Vancouver, their scorched earth tactics made it harder for hard working people across the country to get and afford a mortgage, and did nothing to slow rising real estate prices in their intended targets. If the feds want to crash real estate in Toronto and Vancouver, they need to stop immigration of all kinds into Canada. That might be their best hope policy to sink these markets.
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  #6189  
Old Posted Oct 17, 2016, 1:23 PM
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The market is well regulated for domestic investors but we need more regulation gor foreign investors and an eventual rise in interest rates.
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  #6190  
Old Posted Oct 17, 2016, 3:42 PM
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Quote:
Originally Posted by caltrane74 View Post
The banks don't want this regulation, and the default rate for mortgages is under 1%. Even if they try to keep foreign money out, the money will find another legitimate way to get in. How many people here on work/study visas would be purchasing homes if this regulation goes into place? The last time the government tried to slow the housing market in Toronto and Vancouver, their scorched earth tactics made it harder for hard working people across the country to get and afford a mortgage, and did nothing to slow rising real estate prices in their intended targets. If the feds want to crash real estate in Toronto and Vancouver, they need to stop immigration of all kinds into Canada. That might be their best hope policy to sink these markets.
You have it all wrong. The levels of government have encouraged this to happen despite these gestures to show otherwise now and then. They all have their hands in the cookie jar whether it be members of parliament or institutional agencies. Things would have corrected themselves long ago if left to the market and the only place foreign investment could possible sustain a bubble is Vancouver. I'm afraid things may intensify with declining resource revenues.
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  #6191  
Old Posted Oct 18, 2016, 1:16 AM
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Mirvish & Gehry published some more teaser penthouse views today.... *west tower*

http://mirvishandgehrytoronto.com/st...nthouse-views/

Certain liberties have been taken with the height of the shots....
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  #6192  
Old Posted Oct 18, 2016, 1:29 AM
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We now have some images of the proposed Alldritt Tower for Edmonton!

This is the base of the tower, keep in mind that those buildings behind the tower do not exist.

Alldritttower2

by Thomas Huizinga, on Flickr

This is what the tower might look like in the skyline.

Alldritttower

by Thomas Huizinga, on Flickr


alldritttower5
by Thomas Huizinga, on Flickr


alldritttower4
by Thomas Huizinga, on Flickr


alldritttower3
by Thomas Huizinga, on Flickr
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Last edited by itom 987; Oct 18, 2016 at 2:12 AM.
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  #6193  
Old Posted Oct 18, 2016, 2:06 AM
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Quote:
Originally Posted by yyzer View Post
Mirvish & Gehry published some more teaser penthouse views today.... *west tower*

http://mirvishandgehrytoronto.com/st...nthouse-views/

Certain liberties have been taken with the height of the shots....
What i want to know is when theyre coming out with their sales center. Renders seem pretty useless otherwise.
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  #6194  
Old Posted Oct 18, 2016, 2:19 AM
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Did urbandreamer move to Edmonton?
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  #6195  
Old Posted Oct 18, 2016, 3:22 AM
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those mirvish gehry penthouse views look around 50m too tall. Ah well, you can still get the idea.
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  #6196  
Old Posted Oct 18, 2016, 3:31 AM
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those mirvish gehry penthouse views look around 50m too tall. Ah well, you can still get the idea.
keeps it alive.
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  #6197  
Old Posted Oct 18, 2016, 3:34 AM
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Did urbandreamer move to Edmonton?
LOL That's an insult. He'd do a much better job. It's like the creator never used "Photoshop" before.
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  #6198  
Old Posted Oct 18, 2016, 3:38 AM
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It looks taller than Stantec.
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  #6199  
Old Posted Oct 18, 2016, 3:41 AM
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Stantec Tower will be 251 meters tall, Alldritt Tower might end up being 280 meters tall.
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  #6200  
Old Posted Oct 18, 2016, 4:17 PM
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Realistically, this will be rezoned and flipped, rezoned to that and built to 30-40 or not built.
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