I don't think that the market in Toronto is going to crash so much as cool off. From what I hear, a lot of international buyers see Toronto, and Toronto real estate in particular, as a very safe place to keep their money. They're not all just seeking short term profit, but rather long term security, meaning that the minor fluctuations of the market aren't going to cause a sudden massive sell-off.

The number of international buyers buy multiple properties as investments is not a good thing in the whole supply/demand spectrum. I think a small crash is inevitable with significant price drops in certiain areas of the city which could grow into a 1992esque crash the longer the speculation and price inflation continues. Even the city's high rental rates are reaching the point where they no longer cover the expenses and debt of the properties without a significant upfront cash investment on the initial purchase.

Keep in mind Toronto's popluation grew thoroughout the 1990s as well.

Continued low interest rates and, of all things, Canada's maternal protection of its banks and the sub-prime mortgage derivative scandel is why, the country's largest city's real estate remains a hotbed of activity instead of petering out a couple years ago.

West end skyline changer.

What will be Edmonton's 2nd tallest residential... crane base put in this week.

http://i184.photobucket.com/albums/x...Picture6-1.png

very nice....

Now down to business.. how tall is it?

If I recall... 110-113m ish.

35 floors

It's very nice, I see your boy edmontonskyline is throwing down in the main construction forum with all the details.. crane base coming and all of that good stuff..

Plus you supplied some hot renderings... chi chi - poo poo!

:)

Craziest thing about this tower... being built on pure spec.

I am impressed with Edmonton's focus on downtown living. If you have never seen it, it is hard to explain how many condos are downtown and the density. It is actually more dense in the residential neigborhoods that it is in the main commercial district.....and they keep building more and more condos...

Go Edmonton......

older shot so a dozen or so buildings are missing, but gives you an idea of why 'Oliver' is the densest neighbourhood in Alberta and what a river valley does to your city.

http://www.globalairphotos.com/image...dh2001_197.jpg

We got a ton of those. Cinema Condos with stats of 43 storeys and 143 metres tall covering 400,000 square feet with 430 suites is probably the largest.

**Edit - forgot about 33 Bay which is over 50 storeys and over 500 suites.

^ But pretty rare out these parts

Nice proposals for Edmonton, hopefully tgey get built! Best looking residential tower in quite sometime. 43 floors....Great height. Calgary could use a few tall ones on the west side also.

I'm currently watching a documentary on CBC about the economic meltdown. Looking at what happened in Dubai, U.S., Spain, and many others I am glad building on speculation is the exception here in Canada. There is nothing healthy about building on speculation and, eventually, it will bite someone in the ass. I think Ottawa is probably a little on the conservative side. Our developers will not even start excavation in most cases unless the projects are 70%+ sold!

It was a rarity here as well until about six months ago. Only Calgary saw consistent speculation with large scale projects and has a core "riddled" with vacant construction sites to show for it.

edomonton's skyline is massive. it has great length to it.:yes:

just thought of this. there is a massive oil refinery in edmonton. one of you edmonton folks should take some pics of that. it is huge. in fact, i do not remember seeing anything quite that huge in any of the cities i have visited. it is truely a monster of a complex. with all its polished, metal, pipes and stuff, it looks sureal.

polished metal pipes? get on it EDM boys!

Edmonton's Refinery Row in 2001.

http://www.globalairphotos.com/image...dh2001_110.jpg

Another angle of what Katz ultimately wants to build.

Blue - Commercial office Towers
Green - Condo
Yellow - hotel
Red - Arena/retail/entertainment

http://i184.photobucket.com/albums/x...sfromnorth.png

I think that project would be great for Edmonton, as long as I don't end up paying for part of it. Any word on the arena district yet?

^I suspect nothing until after the election, but then a lot quickly as they really need to be in the ground in just over a yr if not sooner.

So far the thoughts are:

$100,000,000.00 - Katz for the rink (rumoured to be 400mil but some suggest less now)

$100,000,000.00 - Katz for some of the surrounding developments

$? - seat license fee rumoured to be over 50mil over 20yrs

$? - Community revitalization levy - rumoured to be 100mil + over 20 yrs

$? - gap?

$400 million should build an 80 000 seat stadium, that number seems a little high. What is corporate support like there? Is Katz willing to team up with others from the private sector to pay for the arena?

No it would not, but I think $275-325,000,000.00 is more accurate.

Corporate Support is very strong and I think the appetite for a new downtown arena by the private sector is also as strong. Katz wants to control this arena as he does not now which is why the team is not viable in the long term. He only gets hockey revenue, not non-hockey which is a huge amount.

Those numbers seem more realistic. Control of revenue is why the Saddledome will get demolished here, the Flames can't afford to own both arenas, and they would compete with each other for revenue.

Anyway, here's hoping they get the money for the arena sorted out soon, that's the hard part and is the most important.

A better view of the future Yorkville thanks to a wider photograph from Urbandreamer.

From left to right I included:

The Florian, Yorkville Condominiums, Milan Residences, Four Seasons Hotel & Residences, completed One Bedford, One Bloor, completed Uptown, Couture, X2 Condominiums, Chaz on Charles, a tiny corner of 75 Nicholas, U Condos I and U Condos II and 5ive Condominiums.

http://farm5.static.flickr.com/4009/...50f50d69_b.jpg

http://farm5.static.flickr.com/4028/...464fdcb6_b.jpg
(Original by Urbandreamer at UT found here:
http://urbantoronto.ca/showthread.ph...A-P-S)/page110 )

Nice work. Very impressive skyline in Yorkville. The U Condos will be an interesting addition, as will Chaz, the wait for One Bloor to start is agonizing.

that's awesome!!!

the big 880 Bay office building would be just off the picture to the right as well

And just to the right of that would be Burano, the Murano twins, ROCP I & II, and Aura. Toronto may very well have one continuous skyline from the lake to Bloor one day.

Soon I'm going to work on all of those from Urbandreamer's perspective, but he has some nasty building blocking his view on the far right of this group that I have to Photoshop out first. (Which is a lot of extra work.)

:cheers:

Of course, Aspen Ridge's 77 Charles' crane is in the photo still...and in front of 1 St Thomas should be the 2-tower The Saint Thomas development--if it sells. Then there's a potential Bloor-Spadina area condo tower site that may hit the market by 2015. And several on Wellesley East, roughly between the 500 Sherbourne and Verve condos you see in the photo. Then a few Church Street towers, etc.

And of course many many many more...it's Toronto after all. :D

Very well done... can't wait till those towers are in the picture for REAL. I still think Cumberland Terrace should be added, and 21 Avenue Road I and II as well.

Traynor, sounds like you've got your work cut out for you! Better ask your boss for some time off. :D

INSANELY EPIC job traynor!

I esp. like how you did 1Bloor... very impressive! :cheers: Freakin EPIC changes are happening over the next 5 years! :banana: :banana: :banana:

Not a problem...I am the boss... and I think I'll give myself a bonus and a raise for all my hard work lately.

:D

Thanks Steveve! I appreciate everyone's compliments, but always look forward to your enthusiastic responses.

:banana:

found some of Wilypoon's renderings from www.urbantoronto.ca

^^^

Seeing those renders makes me really crave something in the 250 metre range for 45 Bay Street. Let's hope it gets developed in the next cycle.

I know... but the vague design proposal shown is almost retarded looking. the design is only okay on the north and south ends.... until you see it from the east!... like WTF! It's too fat! and has a weird shape to it! Doesn't really fit in on the skyline! :hell: ... I'm sure the final design will be very different :)

The staggered balconies on the U condos really help give it the illusion of leaning, from a distance, very nice =)

Wow dleung! You actually like something!!???!!??!!

I may have to stop calling you DElueng if you keep that up.

:D

check out this epic toronto puzzle!:
http://www.4dcityscape.com/shop/imag.../category4.jpg

found this link on the 1WTC thread, they make all sorts of models. its interesting that the puzzle (though not to scale... understandable considering how complex it would be)... It looks like they included a ton of buildings that only skyscraper geeks like us would know... i see ICE, Parade, possibly trump, etc... I do see the former Simcoe/Front proposal on the map though (i think it got cancelled).. signature tower is there too..

L tower, shangri-la, ritz, 300 front, you name it!

I'm very surprised that they would make a future/current cityscape.

http://www.4dcityscape.com/shop/imag.../category4.jpg

^that is badass.

That is awesome!!!

these guys consulted SkyscraperPage in the making of the puzzle. it's called 4D because the fourth dimension is time, so it's important for them to have upcoming buildings as well. their NYC puzzle has all the upcoming WTC towers as well.

^Except Beekman Place. Which has them all in a tizzy in the New York threads.

and i think every set comes with a timeline using the SSP diagrams! :D just epic...

Caltrane, what's the actual address for the pics here.

Most recent update by elliot from SSC/UT:

http://www.upside-down.ca/sdphotos/highangle1bloor.jpg

I've seen the above render for years. A lot of the rendered buildings are already built... perhaps people should start using new skyline pics to work from, lol

Wow what year is this approximately?
I noticed that the old 45 Bay design is on there too...

I love how if you follow Yonge St back from the lake, you get the CBD, then the Yorkville skyline, then Yonge & Eglinton, and then North York CC!
It's like the Energizer bunny, it keeps going and going and going..

It must be hard getting a picture with the right angle to showcase all the development going on in the city. We need someone who flys into Toronto city airport to grab some updated shots for Maldive to work with. So that the updated buildings do not need to be rendered.