New Condo Development To Be A Game Changer For Vaughan Posted onApril 12, 2017June 19, 2020/ Devry Smith Frank LLP Given the current landscape of the Toronto real estate market, it is not surprising that people are beginning to look further out of the city for a property. The market in 2016 and now 2017 has caused first-time homebuyers and downsizers to be stuck with two options: Purchase a small condo to stay in Toronto Look to the outskirts of the Greater Toronto Area (GTA) for an affordable home Even so, if you choose one of those options over the other, it will still cost you. In March alone, detached homes in the 416 sat at an average price of $1.56 million with condos at $550,000 and the 905 at $1.1 million average for a detached home and condos at $440,000. If option two is where you see yourself leaning, you may be in luck. There are many condo developments popping up all over the GTA, but in a recent article by the Toronto Star, Vaughan may be the next best place to settle outside of the concrete jungle. An urban vibe has been set to land in Vaughan with what they are calling, Transit City. It is a 55-storey residential tower, the first residential tower to be developed in SmartREIT’s 100-acre Vaughan Metropolitan Centre. There will be a mixture of commercial and residential projects and will be located adjacent to the Viva bus terminal which will connect to the TTC’s new subway stop. To further develop the Vaughan Metropolitan Centre, and provide it with some downtown credibility, Bar Buca, part of the Buca brand and King Street Food Company, will be opening their first 905 location on the main floor of the building. Mitchell Goldhar of SmartREIT has said, “the Buca name is a “huge signal” that Vaughan Metropolitan Centre has downtown credibility.” The goal of this development is to create an incredible city centre, as it is very much a blank slate. Construction is set to begin later in the year, or early 2018 with occupancy around 2020. “This article is intended to inform and entertain. Its content does not constitute legal advice and should not be relied upon by readers as such. If you require legal assistance, please see a lawyer. Each case is unique and a lawyer with good training and sound judgment can provide you with advice tailored to your specific situation and needs.” Related Posts Posted onJuly 11, 2017June 22, 2020/ Devry Smith Frank LLP Law and Society: Forever Evolving By: Nicolas Di Nardo Canadian judges are going back to school, or at least, that’s what it feels like. Judges must “understand the people they are judging” says Justice Adele Kent, head of the National Judicial Institute. That is the primary goal of “social context” education, which is cited in a federal bill now before [...] Read more Posted onMarch 27, 2017June 18, 2020/ Devry Smith Frank LLP Internet and a Breakdown of Privacy: The New Era of Sexting and The Courts’ Response Technology undoubtedly has great power when a superpower nation’s diplomacy can be built on 15-second tweets. A one-second decision to share, send, or post can irreversibly release data within the rest of the world’s reach. That same one second can also change a person’s life forever in a terrifying and nightmarish way. In Jane Doe [...] Read more Posted onFebruary 13, 2017June 18, 2020/ Devry Smith Frank LLP Is Ontario Really the Litigation Capital of Canada? It is a commonly held belief that Ontario is the litigation capital of Canada. With more lawyers than any other province, a greater population and far larger economy, this idea is intuitive and easy to believe. However, the question remains; are individuals and corporations located in Ontario more likely to litigate than those located elsewhere? [...] Read more Posted onJanuary 26, 2017June 16, 2020/ Marty Rabinovitch Yes, You Can Film the Police. No, They Cannot Seize Your Device Recently, a video surfaced online of Toronto Police officers doing their job in public. As long as you are not obstructing them or interfering with their work, you have every right to record and photograph them. This video that can be seen here shows police surrounding a male on the ground in restraints, while the police proceed to [...] Read more Posted onJanuary 20, 2017June 16, 2020/ Devry Smith Frank LLP Leaning on Liens for Payment Construction and renovation work can sometimes involve multi-layered contractual relationships between the various players in a construction project, where there are numerous complex areas of consideration. An owner or developer may hire a general contractor, who will then contract with subcontractors for various jobs such as carpentry, plumbing, and electrical work. In the same way, [...] Read more
