Category: Toronto News

Rumsey bungalow proof of supply and demand, $1,051,000

rumsey bungEvidence of those staggering prices for a detached home is seen in the price paid for 228 Rumsey Rd. That would be $1,051,000 in February. These prices of course are all about the City and the mud as much as the houses. As the old real estate man said, they aren’t duplicating places like mid-town Toronto no matter what developers may say.  In related news, the linked CBC story on how brokers are being forced to take down online information about prices is of interest. CBC

Wildcats claw 3-1 win from Missy Chiefs at Leaside arena

wildcats

Wildcats take action to Chief’s net in 3-1 PWHL playoff win

A fired up Leaside Wildcats squad staged a strong performance at Leaside arena Wednesday night to defeat arch rival Mississauga Chiefs 3-1 in their PWHL best of five playoff series. The Wildcats needed the win to stay in the hunt and they got it. Local fans and moms and dads got what they were looking for when Cynthia Cavanagh scored at 10.48 of the first period. Mississauga answered with a goal soon after when Lindsay Agnew broke through during a Leaside penalty. Then, with 26 seconds left in the first, Katie Strain gave Leaside the go-ahead. With the score two to one for Leaside heading into the the second, Leaside was full value for the money considering it had only 21 shots on goal to Mississauga’s 38 for the game. Even so Kaelyn Johnson fired one past Missy goaler Lin Han to give Leaside its third marker. There was no scoring in the third. The shots on goal are a testament to the skill of Leaside net minder Hailey Farrelly. At the end, the Leaside women may be proud of their performance but must know they have their work set out for them if they hope to eliminate Mississauga.

$1 million detached home humbles buyers, owners alike

The lure of a home in a nice neighborhood of Toronto remains one of most potent motivators in the real estate marketplace. As temperatures hung around 15 degrees below this February, home buyers were out grabbing up single family dwellings like there was no tomorrow. Sales for these units were up a stunning 16.9 percent year over year. It is a humbling realization for those who can hardly imagine how to buy one — and for those who are sitting in one which was purchased at an almost embarrassingly low price 15 or 20 years ago, not to mention, say, 1985  The average price of a single family dwelling in Toronto is now over $1 million. Unrelenting high demand along with limited listings continue to fuel bidding wars which show no sign of abating. “The strong year-over-year price growth we experienced in February points to the robust demand for ownership housing in the GTA, coupled with a constrained supply of homes for sale in some market segments, especially where low-rise home types like singles, semis and townhouses are concerned,” said Jason Mercer, the real estate board’s director of analysis in a statement. In all, 6,338 houses and condos sold in February, up from 5,696 a year ago, according to Toronto Real Estate Board figures.

The great Toronto Hydro salt-water utility pole fire event

poles

Fifty poles caught fire last night

The head of Toronto Hydro Anthony Haines says that last night’s little ice pellet event combined with salt-covered hydro poles to cause 50 utility standards to catch fire and burn to junk in Toronto. As explained by Mr Haines to CP24’s Stephen LeDrew it was “a bit of ice and a whole bunch of salt at the top of these poles” that caused arcing, an electrical phenomenon where electricity leaps through the air between two good conductors.  Salt water is an excellent conductor. The poles were well-caked with salt from days of road salting Thousands of residents in and around the city remain without power this morning after a messy mix of precipitation caused widespread outages on Tuesday evening. As of 10 a.m. Toronto Hydro said that approximately 12,000 to 14,000 customers in Toronto were without power, with areas in North York and Etobicoke the hardest hit. Hydro is offering a educated guess that those still without power may have it by 6 p.m.

Plans revealed for Bloor-Bathurst, the site of Honest Ed’s

eds-500
Plans were unveiled last night at the Park Hyatt Hotel for the redevelopment of the Honest Ed’s site at  Bloor and Bathurst. That what the developer, Westbank, has called it. Boor and Bathurst. Nice. The sketch at left shows how higher buildings will sit on Bloor St and Bathurst St with a downward slope of all development to the south. That’s Lennox Street shown in the depiction on the right as a low rise trendy walking street. Markham Street, which marks the westward boundary of the development, would be closed on weekends for walkers, shoppers and whomever. Remember link above to see more. Also here for a well done video story of the event.  

Reward of $10,000 for tip leading to conviction of bandit

The well dressedCanadian Bankers Association has issued a $10,000 reward for a felon known to Toronto police as the Well-Dressed Bandit. He has robbed at least four banks in Toronto in recent months, two in Etobicoke and two in west-central locations. He is described as white, 5’11”-6’2″, 45-60, wearing sunglasses, tan gloves and a hooded jacket. In each robbery, he is carrying a tan-coloured carrying case. Anyone with information is asked to contact police at 416-808-7350, Crime Stoppers anonymously at 416-222-TIPS (8477), online at www.222tips.com, text TOR and your message to CRIMES (274637), or Leave A Tip on Facebook. Download the free Crime Stoppers Mobile App on iTunes, Google Play or Blackberry App World.

Torstar makes money but loses print advertising revenue

Torstar Corp., owner of Canada’s largest newspaper, has reported results which seem to show it is living off the proceeds of the sale of its former assets such as Harlequin Publishing  At the same time, the publishing company reported further losses in print advertising . With all of this however, Torstar says it made a fourth quarter profit of  $20.6 million or 26 cents per share, almost unchanged from a year ago despite the lower revenue.