The Real Estate Magazine
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Step into the world of real estate with unparalleled insights into the international and Toronto markets. Experience cutting-edge design, explore lifestyle trends, and immerse yourself in a curated collection of stories that inspire, inform, and elevate your property passions. Welcome to The Real Estate Magazine – where every detail is crafted to perfection.
There's A Reason North America's Tech Talent Is Heading To Toronto
Toronto recently made waves on the web with the news that the Ontario capital had become North America's fastest-growing tech market. According to the CBRE's 2017 North American Scoring Tech Talent report, Toronto added 22,500 new technology jobs to eclipse tech hotbeds New York (5,370) and San Francisco (11,540) combined. In doing so, Toronto leaped from 12th to sixth in the overall annual ranking.
Toronto’s Tech Boom Will Keep Real Estate Frenzy Going: Forecast
Toronto's housing market has seen a marked slowdown since a new non-resident tax successfully pushed many foreign buyers out, but a forecast from real estate agency Engel + Volkers says a new phenomenon is about to take over as the driver of Toronto's housing boom: The tech industry. The influx of tech companies into Toronto's downtown core in recent years has already had "a huge effect" on the real estate market, said Anthony Hitt, president and CEO of Engel + Volkers North America.
What a $15 Million Home Looks Like in 15 Cities
Let’s play a little game. Imagine you have a $15 million real estate budget. You can buy any house, anywhere. What matters to you? What a $15 million house looks like varies—both in terms of square-footage and amenities—depending on the home’s location around the world. Most everyone knows that real estate in New York City or Monaco, for example, is more expensive in terms of square footage than, say, in Houston or Atlanta. Would you prefer to spend the $15 million on roughly 2,418 square feet of space in the hustle and bustle of New York City? Or would you splurge on 11,248 square feet (not to mention the 1.71 acres of land) in quieter Houston?
Investors Lift Canadian Commercial Real Estate To New Heights
Transactions reached $16.5 billion. That’s 38 per cent more than the previous record, set in the first quarter of last year, and more than twice the five-year quarterly average, CBRE Group Inc. said in a report Monday. Deal volume for the first six months was $26.8 billion, a half-year record.
Toronto’s Housing Market Sees a Shift to Mid-Rise Development
There’s a subtle shift under way in the Greater Toronto Area’s presale condominium market in 2018: As developers are launching fewer towering projects designed to woo investors, they are finding there’s still a strong market for people looking to pay a little more money for a larger, family-friendly unit in neighbourhoods outside the downtown core.
How Lanterra Developments Came Up With the City’s Most Sophisticated Condo
With 50 Scollard, the developer set out to build something for the ages.
At this point in the architecture history of downtown Toronto, with each new building aspiring to outshine what came before, it’s not easy to build something iconic.
But when Lanterra Developments, the company behind much-praised projects like Ice Condominiums at York Centre, The Brit Residences at Bay and Wellesley and One Bedford, acquired 50 Scollard Street, they knew they had all the ingredients to make something special. The prime Yorkville location, at the corner of Bay and Scollard across from the Peter Clewes-designed Four Seasons Hotel and Residences Toronto, certainly demanded excellence and elegance.
Artistry In An Oasis
International art fairs, world-class museums and a thriving vibrant design district — Marrakech has evolved into a global arts mecca.
Meryanne Loum-Martin is greeting her guests, here at her candlelit compound at La Palmeraie in Marrakech. Among those in attendance are His Excellency Dwight L. Bush Sr., the U.S. ambassador to Morocco under President Barack Obama, and Bozoma “Boz” A. Saint John, Uber’s chief brand officer. Loum- Martin ushers them into her vast lush gardens, designed by her ethnobotanist husband, Gary Martin. On the agenda — free-flowing cocktails (no wine, hard liquor only), a sit-down dinner for 180 and a fabulous Congolese band. Welcome to the arts scene in Marrakesh.
Cars, Cows ans a Crisis Averted: Highlights of New Nafta Deal
The U.S. and Canada reached a deal late Sunday to update the North American Free Trade Agreement, with each side bending on core issues.
The two countries will now join Mexico in updating the 1994 accord, which will be renamed the United States-Mexico-Canada Agreement. Here are highlights of what they agreed to
Retro Rides
The younger generations are disinterested in driving — or so futurists, politicians and even some auto industry executives keep reminding us — and someday soon, they will simply summon rides in self-driving pods rather than buy their own cars. And yet, the fastest, finest, most extraordinary automobiles of yesteryears continue to grow more precious (and lucrative), evidenced in the most unlikely of places — Blenheim, in south- western Ontario — and courtesy of Rob Myers. Myers restored his Edsel Corsair in a one-car garage in Chatham, Ontario, in 1976 and started a business fixing vintage cars, eventually earn- ing himself an impressive reputation. News spread — mainly of his exacting standards — and increasingly, worthy automobiles arrived for Myers, who by then had officially formed RM Auto Restoration, one of the world’s leading automobile restorers and auctioneers.
2018 Fall Market Forecast
Strengthening consumer engagement and robust economic fundamentals in the nation’s largest housing market are projected to drive Canadian top-tier real estate performance this fall, as sales over $1 million rebound in Toronto. New data compiled by Sotheby’s International Realty Canada reveal that Greater Toronto Area residential real estate activity over $1 million and luxury activity over $4 million are gaining traction, as summer sales rose 19% and 34% year-over-year respectively.
Savouring Singapore
City, state and country, all rolled into one — Singapore, the chameleon nation of Southeast Asia, is many things all at once. Its colourful history as a trading settlement influences all facets of modern life, harmoniously, in innovative ways.
Shopify Will Invest Up To $500-Million In New Toronto Office
Fast growing e-commerce platform Shopify Inc. says it will invest as much as half-a-billion dollars into its forthcoming Toronto office, in a large downtown development where it plans to house thousands of new employees.
The Ottawa-based company’s neon-green shopping-bag beacon is expected to top the 38-storey skyscraper at the corner of Front Street West and Spadina Avenue when The Well complex, jointly owned by Allied Properties REIT and RioCan REIT, opens in 2022. Shopify’s investment and its anchor-tenant logo rights are part of a 15-year deal that Michael Scace, who brokered the transaction, said is one of the biggest-ever completed in the King West market on the edge of Toronto’s downtown core.
Market Watch | August 2018
Toronto Real Estate Board President Garry Bhaura announced sales and price increases on a year-over-year basis in August. Greater Toronto Area REALTORS® reported 6,839 sales through TREB's MLS® System in August 2018 – an 8.5 per cent increase compared to August 2017.
Amazon Invests in Prefab Startup Focused on Smart Home Tech
Amazon has made its first foray in prefab construction, investing in a company known for sustainable construction and smart home technology.
Today’s announcement of Amazon’s investment in Plant Prefab, a startup based in Rialto, California, comes on the heels of the company’s announcement of a new line of Alexa-enabled smart home devices, suggesting a potential new avenue of smart home development, experimentation, and expansion.
The Art of Savoir Faire
It is no surprise that Roche Bobois has stayed true to its motto — art de vivre (the art of living). The iconic French retailer has been on the forefront of modern design for more than 65 years. With 250-plus showrooms around the world — including the more recent openings in Tokyo, Singapore, Jakarta and Sofia, Bulgaria (in Canada, there are stores in Vancouver, Calgary, Toronto and four in the province of Quebec) — the brand’s ultra-stylish pieces have become a mainstay in design-chic homes-away-from-home, such as The Langham in New York, Palazzo Ridolfi in Florence, and Hôtel Version Maquis Citadelle in Corsica. But it is Roche Bobois’s commitment to collaboration and innovation that solidifies the company’s reputation as a designer favourite in today’s fickle and ever-changing world of décor.
Toronto's Biggest Tech Hub to Expand to Menkes Waterfront Centre
Canada’s biggest science and technology incubator is expanding to Toronto’s eastern waterfront as it joins a host of other companies jostling for extra space in the city to grow.
MaRS Discovery District, which houses some of the country’s biggest AI hubs and more than 50 startups, is in the final stages of securing a lease with Menkes Developments Ltd. for 24,000 square feet (2,230 square meters) at a new development by the Lake Ontario waterfront, according to a statement Tuesday.
What You Need to Know If You're Renting Your Home This Fall
With the proliferation of home rental sites like Airbnb and VRBO, it’s never been easier to rent your house for the additional revenue and flexibility afforded by letting a space on a short- or long-term basis. Homeowners in peak markets make an average of $20,000 a year by renting out their homes—and that’s just through Airbnb.
Toasting Art with Wine
With its cool-climate viticulture, British Columbia’s Okanagan region is a wine-producing Eden. The long, sun-filled summer days, tempered by cool, crisp nights, yield wines with a natural acidity and a unique flavour profile. Many first-time visitors to the vineyards of Liquidity, in Okanagan Falls, come with a purpose — swirl, sniff and sip, perhaps a fruity viognier, a savoury pinot noir or maybe a peachy chardonnay. That is, until they arrive at the estate.
Mood Boards | Trending Bedroom Colors
When it comes to refreshing bedrooms this fall, the latest hues for walls and décor are sunny, moody, and saturated. Pantone’s Color of the Year—Ultra Violet—has been influencing bedroom tones from plummy purple to aubergine, while marigold yellow is bringing whimsy and cheer to even the most traditional of spaces.
Take your cues from these three mood boards when starting down the path of your next bedroom overhaul, and let the trending colors of fall 2018 infuse your home.
Take Two
As cities get more crowded and congested, there is an overwhelming need to get away from it all. “Our clients — executives, well- paid professionals and retirees — are looking to leave the city on weekend getaways or settle for a few months over summer and the fall,” says Rachael Werner, a sales representative at Sotheby’s International Realty Canada