Saturday 6 October 2012

Unique Perspectives on One Bloor

One Bloor East Construction Update 

One Bloor Construction Picture from Hayden. One Bloor foundation work continues on what is one of the largest condominium projects ever in Canada. After approval for a 5 floor height increase the tower is set to soar to almost 260 meters making it the second tallest condo in Canada after the Aura Condo. For those that are wondering Trump to the roof is only 257 meters, its spire takes it to 276 meters and for the purpose of this debate Trump is far more hotel than it is residential condo as most of the Trump condo suites are rented out by their wealthy offshore investor owners.
One Bloor is being developed by Great Gulf Homes. And is set to remake the intersection of Yonge and Bloor into a major retailing node within Yorkville. At least more so than it is currently.


Internal Interest Rates : (Factor: Positive)

The Bank of Canada has stated it's desire, to maintain the low interest rate environment in Canada. This of course will have a positive impact on the Toronto economy, it keeps people buying stuff, and it enables people to repay their debts in a reasonable fashion. Low interest rates will keep the housing market going, even as the federal government continues to tighen up the regulations regarding homebuying and builder financing. Even as hard as they try, the one area of the country that benefits the most from low interest rates is Toronto, as Toronto is the Financial Capital of the country we can turn free money, into more money through investments and trade. Read More 

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