Someone in Toronto just bought a huge $18M condo and it’s pretty spectacular

One Roxborough

One of the most expensive condo units in Toronto history has been purchased for a whopping $18 million — and it doesn’t even exist yet.

An undisclosed buyer has scooped up a luxurious penthouse unit on the top floor of a proposed boutique condo development at 1086 Yonge Street, known as One Roxborough West.

The Annex Residents’ Association features Councillor Saxe in action at City Hall

Councillor Dianne Saxe at Planning and Housing Committee, January 29, 2024

Councillor Saxe did the most magnificent job fighting for the Annex at this past Monday’s Planning and Housing Committee meeting – a committee on which she doesn’t actually sit. We’ve got an articulate legal mind as our representative. If you’ve got some time, then watch the YouTube archive of the meeting to watch the discussion as it unfolds and to see her champion our interests.

What good are new noise bylaws if Toronto doesn’t enforce the rules it already has?

Stone Slinger on Front street.

The city of Toronto has no shortage of rules and regulations. According to a bylaw registry on the city’s website with information that dates all the way back to 1844, Toronto has 164,323 bylaws on the books, with more always coming: Toronto city council tacked on 1,334 more bylaws last year.

What there is a real shortage of, though, is an effective strategy to enforce many of those bylaws.

ABC advocates for improved noise regulations

Construction noise from masonry saw

The livability of the City is being eroded by excessive unrestricted noise and a lack of enforcement for the rules that we do have.

This review is important in order to address some of the deficiencies in the 2019 update and help create a policy that establishes clear, meaningful limits on noise and adequate, efficient enforcement. ABCRA did attend multiple community consultations and submitted comments and concerns that we hoped would be addressed through the staff recommendations.

What Torontonians want Olivia Chow to spend more on

Cartoon image of woman giving budget presentation.

More than a third of Toronto residents who took part in a prebudget online survey want to boost funding for affordable housing and shelters and cut funding for police, according to a partial copy of the survey obtained by the Star. 

The survey was part of a new prebudget consultation process introduced by Mayor Olivia Chow and led by budget chief Shelley Carroll. According to the city, a total of 16 in-person and virtual public meetings were held and an online survey conducted during November 2023.

Toronto city staff propose 10.5% property tax hike as part of 2024 budget

House sitting on top of property tax binder next to gavel.

Toronto staff are recommending a nine per cent hike to the city’s residential property tax — the largest single-year increase since amalgamation in 1998 — as they look to fill a nearly $1.8 billion budget shortfall in 2024 and a grim long-term fiscal outlook.

With the recommendation of an additional 1.5 per cent increase to the city building tax, property owners could see their tax bill jump 10.5 per cent this year if the figures go unchanged during five weeks of scheduled budget debates and consultations. The city building tax is a special levy introduced in 2016 that goes toward major transit and housing projects.

Toronto made a bylaw to crack down on Airbnb and other short-term renters

Air BnB office in Toronto

The sales rep on the phone is reassuring. He works for a property management company that specializes in short-term rentals, and he says Toronto’s bylaw is easy enough to get around.

Yes, you need to register if you want to list your place on Airbnb now, and you need to say that you live in the condo, he says.

But if you don’t, all you have to do is change the address on your driver’s licence.

Don’t Be Shocked By (Even More) Condos in (Even More) Toronto Neighbourhoods

Toronto City skyline at night

Density is the name of the game when it comes to the Greater Toronto Area’s (GTA) urban planning agenda – especially in areas surrounding current and upcoming public transit hubs. With new provincially-passed legislation as a driving force behind it, these neighbourhoods are in store for a drastic transformation in the not-too-distant future.

“Not another condo,” exclaim countless Toronto residents daily, as they throw up their arms and shake their heads in disbelief at news of yet another towering new development.