A Walk Down Memory Lane

Toronto’s tony Yorkville has a vibrant history and is in the midst of another reinvention. Bernadette Morra surveys the locals about its evolution – and the latest wave of luxury arrivals From hippies on acid trips to Kanye West on his shopping sprees, Toronto’s Yorkville neighbourhood has been a magnet for urban thrill-seekers for decades. But there’s new buzz in the 40 acres north of Bloor Street West between Yonge Street and Avenue Road. Not only are Chanel, Dior, Hermès and Jimmy Choo building new flagships, but property developer First Capital Realty has sunk $600-million into the ongoing retail evolution of the tony area….

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Bank Of Canada Hikes Rate – What Does It Mean?

Bank of Canada hikes rate. What does it mean for your mortgage? The Bank of Canada has increased its benchmark interest rate for the second time this year, a sign that the economy is improving enough to allow borrowing costs to rise from historic lows reached in the aftermath of the global financial crisis. The overnight lending rate was raised to 1 per cent from 0.75 per cent. When the Bank of Canada changes its benchmark rate, the move ripples through to other interest rates, including those of mortgages. With that in mind, here is a guide to how the…

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Do I need title insurance if I already have home insurance?

I’m buying a new home and my real estate lawyer is recommending that I get title insurance. I’ll have home insurance, so is it really necessary? Though title insurance isn’t required by law, it does cover certain elements home insurance does not, Joe Richer says. RECO doesn’t regulate real estate insurance, but we occasionally receive questions about the types of coverage available. If you’re buying a property, here’s some general information to help you understand what title insurance is. As well, it’s your real estate lawyer who would typically provide guidance on title insurance, not your broker or salesperson. A…

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Toronto might finally be getting a major casino

Toronto might finally be getting a casino after the Ontario Lottery and Gaming Corporation announced that the British Columbia based Great Canadian Gaming Corporation and Brookfield Business Partners LP have been awarded the contract to run casinos in the GTA. The two companies will take over the operation of the OLG Slots at Woodbine, the OLG Slots at Ajax Downs and the Great Blue Heron Casino for the next 22 years. “We look forward to working closely with Great Canadian. We will bring our capabilities in operations, development and retail… to deliver expanded gaming options and premier entertainment that will enhance the experience…

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This incredible tropical beach is just two hours from Toronto

If you’re strapped for cash but looking for a tropical getaway this summer, this beach two hours southwest of Toronto is a must-visit destination. From the warm waters of Lake Erie to the real palm trees that sway on the shoreline, Port Dover’s beach is a bit of paradise in Southern Ontario. Plenty of people do a double-take when they see the row of palm trees along this stretch of waterfront, but they are very real. This unique feature of the beach comes courtesy of Peter Knechtel, owner of the Beach House restaurant. For the last decade or so Knechtel has planted palm trees here starting in late May….

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