January 12, 2015
Author:
Leor Margulies
In a country that reveres its team sports, and especially hockey, Canadian tennis was definitely in the spotlight. Canadians, for the first time in history, made the men’s singles, women’s singles and men’s doubles top 10 rankings. Daniel Nestor continued to be a top 5 doubles player at the young age of 42. Eugenie Bouchard[…]
December 8, 2014
Author:
Leor Margulies
Over 2,000 delegates attended the 2014 Real Estate Forum to hear optimistic forecasts from two economists, one being Mark Zandi, Chief Economist of Moody’s Analytics and the other Benjamin Tal, Deputy Chief Economist, CIBC World Markets Inc. Mark was fairly bullish on the global economy with some major pockets of problems, including Europe, Brazil and[…]
November 26, 2014
Author:
Leor Margulies
I was honoured to attend the recent T. Patrick Boyle Founder’s Award Tribute Dinner at the Four Seasons Hotel on Tuesday, November 18, 2014 hosted by the Fraser Institute, to honour Peter Gilgan. The reception was attended by 400 or 500 senior bankers, developers and politicians, all of whom were in attendance to pay tribute[…]
November 24, 2014
Author:
Leor Margulies
The explosion of condominiums in the GTA over the last 10 years has also seen a marked decrease in the size of condominium units. In an effort to maintain affordability in the face of rising land and construction costs, developers have found creative ways to reduce the square footages of units while making them extremely[…]
November 4, 2014
Author:
Jaime Bell
As a new Torontonian, I have quickly learned two things: Torontonians are obsessed with real estate. The condo revolution in Toronto is no trend. It is nearly impossible in Toronto to avoid headlines and unsolicited advice warning us that Toronto is in the throes of a housing bubble, and (lookout friends!) this cannot last. As we continue[…]
October 9, 2014
Author:
John Fox
Real Estate investments have risks. Recently our client Fortress Real Developments faced a daunting challenge: two potential losses on Toronto projects. Yet they found a way to hold the fort: they dug in and gave investors a fighting chance at a return that seemed about to evaporate. How Fortress chose to work through the challenges[…]
October 2, 2014
Author:
Leor Margulies
The media has been very active in reporting on a number of class actions, all launched by the same law firm, with respect to various GTA condominium projects. http://tinyurl.com/q53wlel Contrary to media hype, the quality of condominium developments in the GTA is second to none in the world. GTA condominium developers are experienced and build[…]
September 9, 2014
Author:
Leor Margulies
Last week, I commented on the Manhattanization of Toronto that was announced by Councillor Joe Mihevc at the last Council meeting at the end of August. http://tinyurl.com/qxkwba7 I raised concerns about the massive growth in Toronto without coming to grips with the need for new infrastructure, additional transit and roads to handle the significant growth[…]
September 5, 2014
Author:
John Fox
Readers of this blog space may know that I am currently chair of the Laidlaw Foundation. Like many foundations, Laidlaw invests the proceeds of its capital on its programs (in our case, work intended to promote youth engagement) and the balance through an advisor in traditional financial vehicles. Laidlaw sees both program expenditure and traditional[…]
September 2, 2014
Author:
Leor Margulies
At the marathon council meeting which finished yesterday at City Hall, the last council meeting before the election, councillors approved a record number of new residential and office developments. http://tinyurl.com/oaaqcxo The residential developments which have been given development approvals comprise almost 7,000 new units and the non-residential/office components of almost 400,000 sq. metres. Included in[…]