Photo Credit: Aaron Kroll
All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in Toronto: The season of the bully in the Toronto housing market, why we need to invest in walkable neighborhoods and Muskoka becomes the new Hamptons.
Elsewhere: Looming housing problem requires action from Ottawa, San Francisco's housing boom goes over the top crazy and a sad tale of violence in Paris.
In Toronto, it’s the season of the bully (The Globe and Mail)
In the Greater Toronto Area, bidding contests are still common even in neighbourhoods far from the core. But if there’s one defining theme in the spring of 2015 it’s the prevalence of bullies who would rather make one bold move than risk waiting around for the scheduled offer night.
Toronto Needs to Invest in Walkable Neighbourhoods (Huffington Post)
There's a lot developers can do to help make Toronto's inner suburbs more walkable, but with consumer preference so pronounced for neighbourhoods that already have that walkability, it's hard to make the business case.
“We’re seeing a renewed interest in Muskoka,” says Halloran, echoing a recent Christie’s International Real Estate global luxury white paper. It noted a 66 per cent increase in high-end Muskoka waterfront purchases in 2014 over 2013, much it fuelled by the weak dollar and growing international interest from the wealthy of the world.
People who live in Toronto Community Housing say they want managers who listen, and who see them as human beings. But they also want someone to enforce the rules, and say most often the city’s giant housing authority has no one around its buildings at night or on weekends to stop drug sales, prostitution and other illegal activity.