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His ability to get difficult projects built (you think National Club is tough, read about some of his battles in Manhattan- land assembly is not something that happens overnight) is very impressive, however it is far outweighed by his disgusting character and oversized ego. Ironically, if he...

Oh, you are so clever 3D, got me there! And yet, keep responding you do! Who's baiting whom now friend?

If the developer/owner intends to maintain the usage as purpose built rental the assessed value will be substantially lower than that of a condo and thus the tax bill will be lessened or at least that is my understanding of the tax regime. Consider that a purchaser of a building will value the...

So you consider harsh but honest criticism as trolling eh? No one is to speak when the King is presiding, is that so? I suppose I've been called worse but I refuse to keep my opinions to myself in a public forum. Is that not the intention of this place or is it merely a place for sycophantic...

A mortgage payment is not an operating cost of a property. The property's operating income does not include any mortgage payment- that is a below the line item. Think about it- I own a building with no mortgage, you own the twin building with a million dollar mortgage. The cost of operating...

Residences of Maple Leaf Square I'll give you the TIFF. It does attract world attention for sure. Financial capital is a fraction of NY or London or even Duseldorf or Zurich I believe. Immigration does not connote to me anything beyond population growth. Greater Los Angeles adds more...

...and brought the Toronto housing market to its knees...if you recall...

I believe it was the season before last. The greed demonstrated by both sides in that dispute really turned me off. Of all organizations, MLSE should be more sensitive to its fans considering they haven't given them a contender, let alone a winner, in decades. I consciously chose to direct my...

Of course I am. Tell me how Toronto stands out on a world scale? I love the city, but recognize its limitations. It doesn't need to compete with New York, Los Angeles, London, Paris or Toyko for it to be great place to live. The reality is that Toronto has very few (if any) attributes that...

Cal, Thank you for the link but unfortunately it does not state year by year immigration stats for the GTA. Also, it is out of date as the census was updated in 2006. Most of your points I agree with, save for Toronto being a world city and global magnate for international cash. Toronto is a...

This city treats renters like second-class citizens through the hidden tax built into their rent. Tax on rent (paid by the landlord, not the tenant directly) is 3x tax on a house on average. If the city and provincial government had any ethics they would equalize these rents and allow...

That's exactly what Miami needs- more downtown condos! Do you not realize that the prices of units there have fallen something like 30% already?

Let's assume your 100,000 number is correct (please provide some proof of it if you can). Average newcomer household is what, 3 people? That leaves 33,000 new households a year. So just under half of them are buying shoebox condominiums for $360 per square foot. Yup, sounds reasonable...

By acquiring the land next door genius. Your references to the $300,000,000 in sales are very amusing. I assume you have seen the construction budget and are 100% confident that the project is going to be profitable. Much like Mr. Stinson's bankrupt towers were I'm sure.

I think you are correct YYZ. However, the recent flurry of buying appears to be dominated not by locals but by syndicate groups. What concerns me as an investor in Toronto real estate is this kind of behavior can spark a price bubble that leads to a painful correction at the other end. I...

I'll tell you who bought into this project for such outrageous prices- specuvestors from overseas who were lured there by the aggressive syndicate groups who have them convinced that the Toronto market- with 15,000 new condo sales per year- is a guaranteed home run investment. At $300 per...

I love the design of the new Four Seasons project, although I also shake my head at the reported pricing. I am also very fond of the Minto Midtown project, the firing of SOM notwithstanding. It has a great relationship to the street and is density in the exact location that it should be.

MLG is in the heart of the city. This project is at the edge and is in a massive wind tunnel worsened by the barrage of spaced out towers surrounding it. Living near MLG would make far more sense and the projects up there would have held their value over time even if the Leafs were still there...

That would be my guess. Replace the parking lot with a single-storey retail plaza. Might generate some pretty decent rent. Keep it that way until the office market catches up and then construct what is meant to be there- a super-tall Class-A office building. Might take 10+ years though...

I should clarify- I don't think it is necessarily an awful project. The Conservatory disaster on the other side of Bay is far more offensive to the eye than this one appears to be...not that one would expect anything approaching quality design from Conservatory...however, it is the outlandish...