Agents report surge in home buyers desperate to get out of deals as rates continue to soar

There are troubling headwinds for Toronto’s pre-construction real estate market as buyers are increasingly worried they’re unable to close their purchase agreements due to significantly higher interest rates.

Some realtors have noticed a rise in inquiries for what are known as assignment sales — a legal transaction in which the original pre-construction condo buyer transfers the rights and obligations of the purchase agreement to another buyer.

Calls from concerned buyers have doubled in the last few months for Simeon Papailias, managing partner of Royal LePage’s REC Canada, as many are wondering if they can get out of a purchase agreement with the developer.


The Home Vacancy Tax kicks in with a February deadline to register your residence’s status.

And of course Jello Tory has announced a BIG TAX increase to cover his spendthrift ways…

Tory calls for big tax hike as spending continues to climb

Since John Tory’s first budget proposal was presented to council, the cost of running Toronto has gone up by 40%. It’s not clear what all that new spending is buying given the state of the city, but those are the cold hard facts when examining the two budget proposals.


Has anyone else noted the Scarborough Health Networks  fundraising shakedown commercial?

You’re a racist if you donate your money to anyone else but the SHN. 

Welcome to Toronto a Democrat run city in Canada!

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Queen West takes yet another hit as H&M permanently closes its doors

Swedish fast-fashion retail giant H&M has permanently shuttered one of its first Toronto locations after more than a decade.

The store, at 427-429 Queen St. W., first opened in August 2007 in Toronto’s trendy Queen West neighbourhood, well known as a shopping, nightlife and tourist destination.

The news of its closure follows a spate of popular retail-chain departures on the famous Queen West strip throughout the pandemic, including stores like the Gap, Le Château, GUESS, EB Games and NYX.


I am rarely downtown anymore, perhaps I’m due for a drive through just to get a current sense of things,  closest I’ve been is King & Cowan a couple of times of late.

I wonder if this is the start of the world class urban decline downtown Toronto Liberals have been striving for.

And who cares about them anyway?

Toronto needs a revised motto. How bout’ “We hate you if you’re not diverse like us.”

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Bail hearing dates set for some teens charged in death of Toronto homeless man

Bail hearings are scheduled for later this month for four of eight girls facing second-degree murder charges in the death of a Toronto homeless man.

Police have said that three 13-year-olds, three 14-year-olds, and two 16-year-olds allegedly swarmed and stabbed a 59-year-old man in the city’s downtown core in mid-December.

One teen is set to appear in court for a bail hearing on Jan. 20, two others on Jan. 25, and another on Jan. 27.

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Mayor John Tory plans $48.3-million increase in Toronto police budget

Mayor John Tory announced Tuesday that he plans to increase the police budget by almost $50 million this year, a move he said was necessary to keep communities safe, but which immediately sparked opposition from critics who say more officers aren’t the answer.

At a press conference at city hall, Tory said the additional $48.3 million in police funding would represent a 4.3 per cent increase compared to the force’s 2022 budget.

The money will go toward initiatives like expanding the Toronto Police Neighbourhood Community Officer program, and hiring 200 officers, the mayor said.

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The future of Toronto’s downtown — will remote workers return to the core?

In recent months, Toronto’s transit system has ramped up service, students have returned to in-person classes and daycares are up and running once again.

Things almost seem like they did before COVID-19 changed the world. But despite the gradual return to normal, you might notice the city feels emptier.

A November report from the Canadian Chamber of Commerce’s Business Data Lab analyzed foot traffic trends in cities across the country from January 2020 to September 2022. It found foot traffic in Toronto’s downtown core is 46 per cent lower than before the pandemic hit — a stark contrast to places like Brampton, Brantford and Barrie, where foot traffic actually increased.


Toronto is a pretty dull, Karen’y city and its downtown is unattractive and cold especially in winter. 

I don’t blame anyone for not returning.

It doesn’t take much to best living in the downtown core.

Just a place where you could afford to live rather than subsist would be a good start.

A park or ravine without or at least with fewer addicts, drunks and the mentally ill.

A place where it still makes sense to report a crime.

A place where the municipal government and school board hasn’t declared a DEI or CRT race war on you and your family.

A place that hasn’t declared war on your car.

A place where you knew your taxes weren’t being wasted on reparations for minor attracted illegal alien transgendered cannibal animists on bail for gun crimes.

A place where you didn’t have to dream like this.

 

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As ridership plummets, the TTC faces another problem: violent crime

For 50 years, Connie Harrison has taken the TTC. She first came to Toronto in 1972, back when the city had those “really funny old streetcars,” and has used public transit ever since, both to get around and to explore new areas of the city.

But during the pandemic, something changed. One day while riding her local bus, Harrison noticed a group of what appeared to be intoxicated people outwardly discussing killing someone. Elsewhere on the system, she began to see more and more people “out of control,” acting threatening and aggressive, seemingly without reprimand.

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Major crime has increased dramatically since John Tory became mayor

In the year before John Tory took charge of Toronto as mayor, there were 32,474 incidents in what police deem to be major crimes. As of this past Sunday, there have been 42,925 and we still have two weeks to go in the year.

Since Tory became mayor, there has been a 32% increase in major crimes. The index, updated weekly by Toronto Police Service, includes assaults, break and enter, auto thefts, robbery, sexual assault and of course murder among other crimes.

Something is missing from this analysis but I can’t put my finger on it.

We aren’t yet as bad as many US cities but the contours of the GTA’s tribalized no-go zones are already apparent.

One thing is certain it will get much worse and is unlikely ever to get better. That is the future of all Liberal-Left run cities.

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STROBEL: John Tory’s inaction on crime in the city ‘totally unacceptable’

Weak platitudes and woke diversions won’t save our great city from sinking deeper into the muck

I’ll say this for John Tory: He’s consistent.

“UNACCEPTABLE,” the mayor says of the swarming murder that has shocked his city to its core.


I suspect Toronto is fast reaching its “Diversity” tipping point.

Our “leaders” will do nothing to reverse this.

Get out while you can.

 

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Councillors call for public inquiry into Eglinton Crosstown ‘boondoggle’

World Class Money Pit!

Toronto city councillors Josh Matlow and Mike Colle are calling for a public inquiry into the Eglinton Crosstown project after sharing leaked confidential internal Metrolinx documents that suggest there is no “credible plan” to complete the project.

“This is a historic boondoggle, billions of dollars, years of delays,” said Matlow.

“It’s both taxpayer’s money but it’s also the loss of income from so many small businesses, the impact on the quality of life of residents,” he added.

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Doug Ford accuses Toronto of mismanaging its finances in housing bill dispute

Mayor John Tory and Premier Doug Ford appear headed for a showdown over the financial impacts of Ontario’s new housing bill.

A day after Tory demanded the provincial Progressive Conservative government make an ironclad promise to fully compensate Toronto for any development charge revenue the city loses as a result of the legislation, Ford asserted the bill will have no ill effect on municipalities’ bottom lines, and accused Toronto of mismanaging the revenue it already collects.

Huge waste is a given in all things government.

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‘Indefensible’ that Toronto’s drug decriminalization request hasn’t been granted yet, advocate says

OTTAWA—Toronto’s request to decriminalize possession of drugs remains on hold almost a year after it was made, in part because of “political cowardice” in Ottawa, a harm-reduction advocate says.

“People are dying because the drug supply is contaminated and it’s toxic. Criminalizing people for simple personal possession and use of drugs is going to do more harm than good,” said Daniel Werb, director at the Toronto-based Centre on Drug Policy Evaluation, which helped the city with its request to the federal government.

Toronto – aspiring to be the next Philly or San Francisco.

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Lockdown’s Toll: Tory warns of ‘massive’ tax hike, service cuts if province, Ottawa don’t bail out Toronto

Mayor John Tory, re-elected last month promising to keep a lid on taxes, is now warning of big tax hikes and deep service cuts unless Queen’s Park and Ottawa rescue Toronto’s pandemic-ravaged finances.

Tory on Thursday released a letter to Ontario Premier Doug Ford and Deputy Prime Minister Chrystia Freeland saying, after months of discussions, he needs commitments for hundreds of millions of dollars in bailout funds by Nov. 30.

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WARMINGTON: New approach enables cops to track people on bail for gun charges

With 1,100 people before the courts on firearm charges currently free on bail instead of sitting in jail, few are surprised when they end up involved in a shooting.

You read it right — 1,100 people on gun charges are currently free from custody on bail until their case makes it way to trial or is resolved.


Toronto – aspiring to become Canada’s version of a shithole Democrat Run City.

Wanna bet we’ll never see a demographic breakdown of the “1100?”

Only 29% per cent bothered to vote in the last election that saw John Tory swept to victory in a sort of reverse landslide of the couldn’t be bothered.

What explains this level of absenteeism?

Are people happy with the status quo?

Are rising taxes and deteriorating services simply accepted as normal?

“Putting in time until I can afford to get out” has become a common discussion.

What’s behind it? Are we so balkanized by diversity that a shared connection to the city is no longer possible?

Do you consider Toronto or some other GTA city home? Reading about recent events in Brampton brought to mind Chamberlain’s reference to the Czechoslovakia crisis as a “quarrel in a far away country, between people of whom we know nothing.” 

Maybe as Trudeau might suggest Toronto is Canada’s first Post-City City, nothing more than a mass of transients, a settler pit stop to be exploited until greener pastures come along.

The specter of Leicester looms over Toronto & the GTA, it too was portrayed as a beacon of diversity.

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