This week from Realosophy.com
Neighbourhood Spotlight: Bendale-Cedarbrae
Toronto City Council has approved the extension of the Bloor-Danforth subway line to Scarborough despite the extra costs involved and extended completion date.
Despite receiving the thumbs up from Toronto council, the Scarborough subway extension is far from certain. In order for the wheels to be set in motion, the project requires extra government funding (and a lot of it). This is one of the reasons that many are opposed to the project. The original Scarborough LRT (Light Rail Transit) plan was a fraction of the cost and had a shorter timeframe of completion.
Photo Credit: Toronto Transit Commission
Market News: It’s a fickle spring thing (National Post)
Toronto property purchases hit record (Globe and Mail)
Homes in GTA see big price gain (Toronto Star)
Other Real Estate News
Reaction to Honest Ed's sale (Storify by Toronto Star)
Foreigners Still Seen Bullish on Canadian Real Estate (Wall Street Journal)
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