Toronto real estate. TORONTO’S MOST EXPENSIVE CONDO

A planned condominium building in Yorkville will feature the city’s most expensive penthouse –a $16-million unit.
The creation of a 9,000- square-foot space atop the soonto- be built Four Seasons Hotel marks a coming of age for Toronto, co-designer Brian Gluckstein said in a recent interview.
The 55-storey tower at Bay Street and Yorkville Avenue will house [...]

Toronto real estate. GREAT NEWS FOR TORONTO BUYERS!

Federal legislation just lowered threshold for conventional mortgages from 25 to 20% down payment. Lenders started to accept deals baled on new formula effective April 23d, 2007. It’s not clear yet will this proportion be applicable for secured line of credits arranged though bank branches. Also not every lender will adjust its respective equity or [...]