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Monthly Archives: April 2010

Five Condos at 5 St. Joseph – a Slick Rendering at Dusk

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To get the full effect for this post please turn up your speakers, open up www.fivecondos.com in another window, and continue reading… BuzzBuzzHome May 1, 2010 Five Condos at 5 St. Joseph is a new condominium by Graywood Developments Ltd and Mod Developments Inc. to be built at 5 St. Joseph St. in Toronto, Ontario. The condo will consist of 45 storeys of mostly glass exterior punctuated by an undulating pattern of balconies (the wobble effect). Five Condos is the … Read More

In the housing market? Check out some events going on this weekend..

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If you haven’t already checked out our Residential Development Calendar and you’re in the market to purchase a new home, take a look! Here’s a summary of some events happening this weekend. Pears on the Avenue Preview Opening– On Saturday at 164 Avenue Rd. at Davenport, Toronto, ON [map] Encore at Equinox Grand Opening– On Saturday at 70 Town Centre Court, Suite PH3402 Scarborough, ON [map] The Avanti Previw Opening– On Saturday at 1pm at 1038 Sheppard Ave. W. North … Read More

Competition Bureau’s Assault on MLS is a Good Thing

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Cliff Peskin BuzzBuzzHome April, 2010 Redfin CEO Glenn Kelman called real estate “by far the most screwed up industry in America.” I’d say that as screwed up as it is in America its even more dysfunctional in Canada. In the US, real estate data and listing information is far more open to both the public and to entrepreneurial innovation. In comparison, Canada is lurking in the dark ages. It’s my belief that Melanie Aitken and the Canadian Competition Bureau are … Read More

Lac Mirabel shopping centre plan scaled down

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Lac-Mirabel is a super-regional mall currently under construction in Mirabel, Quebec, Canada. Construction began on January 29, 2008 for 1,400,000 square feet of shops, a luxury hotel, and various sports installations. The mall’s opening was originally due for the fall of 2009, but construction stopped due to a lack of funding. (Source: The Gazette) The Lac Mirabel project, once destined to become a $425-million lifestyle centre with an aquarium and mall off Highway 15 (in Mirabel Quebec), is being reinvented … Read More

Daniels president honoured for affordable housing efforts

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(Source: yourhome.ca) They came to honour Mitchell Cohen, president of the Daniels Corp., for his contributions to building affordable housing in Toronto. They stayed for dinner and dancing with Lenny Graf and the Platinum Swing Orchestra in the swanky ballroom of the Four Seasons Hotel, as well as a live auction and raffle. And, by the end of the evening, the 540 attendees at the St. George’s Society of Toronto’s annual Red Rose Ball last Thursday helped raise $620,000 for … Read More

Fire on roof of Queen’s Quay skyscraper under control

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BuzzBuzzHome April 29, 2010 According to CP24 A fire on the roof of a Harbourfront skyscraper is now under control, Toronto Fire Services says. Black smoke is still billowing from the top floor of the Queen’s Quay condominium building. Flames and smoke could be seen shooting from the building at about 5 p.m., and fire crews arrived by 5:15 p.m. The following are some photos of the fire’s billowing smoke taken by BuzzBuzzHome’s Matthew Slutsky…

Banks– screwing us with recent mortgage rate hikes? Probably

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Kiyoko Fujimura Buzzbuzzhome Corp. April 29, 2010 One question that’s not asked of banks very often is: are they being fair? Well, probably not. They’re banks. And it’s not their job to be fair. Remember when the Bank of Canada cut rates during the peak of the recession and banks didn’t pass on the full decrease to consumers? That also wasn’t fair. Here’s some other stuff that isn’t fair about banks right now: Mortgage rates right now are at 93% … Read More

RioCan posts $37.5-million profit

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BuzzBuzzHome April 29, 2010 Canada’s largest real-estate investment trust, RioCan Real Estate Investment Trust, said Thursday that its net income was $37.5-million in the first quarter of 2010. That’s a 22-per-cent increase from first quarter 2009 earnings of $30.7-million. The increase is attributable to greater rental payments from shopping centres in Canada and the United States. According to Wikipedia, RioCan has ownership interests in over 200 retail properties. The trust invests primarily in supermarket and junior department store-anchored convenience-oriented shopping … Read More

A deal in the Greater Vancouver Area…New West

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Kiyoko FujimuraBuzzbuzzhome Corp.April 29, 2010 There hasn’t been much in the news lately regarding deals in the Vancouver area, but it seems there is at least one area where prices haven’t spiraled out of control: New Westminster. Just to give some context, “For $500,000 [in Vancouver] you’ll be lucky to get a decent townhouse in a not-so-decent neighbourhood” (Times Columnist). But in Queensborough you can buy a fairly new home with a river view, garage and a backyard for less … Read More

The 10 Most Popular Real Estate Websites in the World

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Cliff Peskin BuzzBuzzHome Corp.April 29, 2010 The following are the 10 most popular real estate websites in the entire world. The list is generated by Alexa Internet, a company that tracks visitors to millions of sites across the net. The list is in ascending order with #1 being the most highly trafficked real estate website in the world, maybe the universe… 10. nachi.org Site represents an international association of professional home inspectors – BORING. 9. realestate.aol.com AOL + Real Estate … Read More

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