Greenland Holding Group Co. is adding a hotel and museum to a planned downtown Toronto residential complex that’s the Chinese developer’s first project in Canada.
Greenland, owned by the Chinese government, will build a Primus-brand boutique hotel along with the two condominium towers it’s developing on King Street in Toronto. The Shanghai- based company also will add a museum dedicated to Canada’s theater culture at the site, located on a strip lined with restaurants and theaters.
Yves here. On the one hand, I’m leery of using single indicators to assess complex phenomena, like using blood pressure or cholesterol levels as the sole basis for judging health. On the other hand, as long as one understands their limits, key data points or developments can shed light on bigger issues.
David Madani, the economist known for his prediction of a 25 per cent correction in Canadian house prices, has a new forecast for the Toronto and Vancouver markets.
His forecast from February 2011 has yet to materialize but that didn’t stop Madani, of Capital Economics, from forecasting a price correction of as much as 30 per cent in Canada’s two most expensive cities.
It’s that time of the year again when your friends and family residing in Toronto, Vancouver and Calgary get to brag about how they live in one of the world’s top five most liveable places.
Vancouver was again ranked the third most liveable city overall this year by the Economist Intelligence Unit, while Toronto and Calgary maintained their fourth and fifth spot rankings respectively.
VANCOUVER — In the latest weirdly expensive anomaly to hit the Vancouver housing market, a $3-million house that sold in just 24 hours will be torn down by its new owners.
“Most people look at these homes and it has nothing to do with the livability, the cuteness or the character [of the home], it is the economics of the lot,” said Wayne Hamill, a realtor with ReMax Select Properties.
“I’m not for or against what’s happening; it’s just the way it is.”
Toronto Zoo welcomes an onslaught of pattering human feet this week, as intermittently warmer weather couples with March Break to draw crowds. Visitors will no doubt flock to see Humphrey, the newly-named polar bear cub, and pandas Er Shun and Da Mao, on loan from China. And why not? They are the zoo’s celebrities. Everyone knows them through the zoo’s marketing efforts and YouTube videos. Last week, TV heralded the revelation that Humphrey had been chosen as the polar bear cub’s name.
The semi-nude shenanigans of the annual No Pants Subway Ride hit transit systems across the world Sunday, with hundreds dropping trou for their commutes in London, New York, Vancouver and Toronto.
The pant-less flash mob hit Vancouver’s SkyTrain at about 1 p.m. Sunday, adding some spice to the trips of unsuspecting SkyTrain riders. Riders came to Commercial station fully clothed before stripping down for the ride. Transit security was on hand, but tolerant of the exhibitionist riders.