June 17th, 2012- Last week’s 8th Annual Pug Awards, (which are apparently chosen by the public), for the best and worst public architecture in Toronto, were held at last year’s winner for best commercial building: the Bell Tiff Lightbox. The evening was moderated by Anna Simone, of Cecconi Simone Interiors and Gary Berman, a developer, (Tricon Capital). There was an enlightening discussion by the panel of Kyle Rae, former City Councillor, Christopher Hume of the Toronto Star, and John Bentley Mays of the Globe and Mail. They tackled questions like: Is Toronto living up to its design potential? Does Toronto deserve world class status? The winner of the best residential building was 83 Redpath, which isn’t bad architecturally, but personally, I don’t find the interiors well designed at all. The winner of the best commercial building was the Evergreen Brick Works, which was a fine choice. There was also an honourable mention for the Five Thieves Shops of Summerhill, developed by the late Paul Oberman. It’s a great idea to allow Torontonians to offer their opinions on the buildings around us. Unfortunately, so far, no one discusses the interior layouts of these buildings, workmanship, or the quality of materials used. What do you think about this year’s winners?
June 6th, 2012- Sales continue to be strong, with the average sale price up another 6.5% since last year according to the latest Market Watch Report from the Toronto Real Estate Board. However, statistics show that more buyers are choosing to move outside of the core, due to more reasonable prices and to avoid the Toronto Land Transfer Tax. Listing inventory has improved which has cut down on multiple offer frenzies, but unfortunately, many foolish sellers are raising the asking price of their home after debuting lower….always a bad move. Don’t let yourself get too cocky!