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The dreary six-story apartment block in Toronto’s north end was nicknamed “Divorcee Towers” after the newly single who lodged at its short-stay units. moved in.[np_storybar title=”Big banks boost condo financing even as unsold units in Toronto hit 21-year high” link=” The Bank of Nova Scotia is among lenders boosting loans to condominium developers as regulators become less vocal about housing-market risk, according to Canada’s third-biggest bank [/np_storybar]The real estate investment company installed new hardwood floors, stainless steel appliances, energy efficient windows and preserved 1930s art-deco details such as a steel-cage elevator, boosting the rent to about the same as a modern downtown condominium.Timbercreek is at the forefront of the next boom in Toronto’s supercharged housing market: rental apartments.While a flood of new condos leased out by investors has helped fill demand for rental units, vacancy was 1.6% last year and has held under 2% since 2010, suggesting supply isn’t catching up fast enough.Rooftop Lounge Projects in the works now range in size and location from the 23 story “66 Isabella” downtown with its own theater and rooftop lounge to a two-tower complex replacing aged townhouses with about 520 rental units midtown.The university is represented in Canadian Interuniversity Sport by the Trent Excalibur. The president, appointed by the board, was to provide a link between the two bodies and to perform institutional leadership.
Rental REITs Timbercreek is raising about 0 million for its fourth and largest real estate investment fund, which it will use to buy and renovate up to 20 buildings in Canada and then sell to pension funds.
Fourth-quarter rents for the firm rose in all major cities, according to financial documents.
There are 21 large rental projects under construction or in a planning phase in Toronto and its nearby regions, according to data compiled by Urbanation Inc., which tracks the city’s condo and rental market.
This college was named after pioneer writer and biologist Catharine Parr Traill.
It is the only Trent college situated in downtown Peterborough and is the oldest remaining college.