White and green everything.. 🌾 I love how these two topiaries from Walmart frame up my potting table!
1 257 hours ago
Meet the newest member of our structure category: L I N E landscape panels.⠀
Designed by @shanecoen and @coenpartners, L I N E defines space and creates identity outdoors.⠀
Stay tuned as we explore L I N E this week.⠀
With the arrival of summer—comes the urge to enjoy meals outdoors. This week, we reveal outdoor dining spaces that offer a perfect place to take in the surrounding landscape. Whether terrace, loggia, or quaint nook, these outdoor living rooms are as stylish as the amazing homes they accompany.
Flowering vines adorn the rustic log arbor surrounding the outdoor dining area of designer Ellen Denisevich-Grickis’s Rhode Island retreat. Unmilled oak trees were used to create the structure, which spans almost the entire rear façade of the 18th-century barn.
Also of note, the U.S. federal government has just removed the tariffs that it had placed on Canadian steel and aluminium imports, and our federal government responded in kind by lifting the tariffs on U.S. goods that it had enacted in retaliation. This will put downward pressure on a broad swath of Canadian prices going forward.
The latest inflation data are largely in keeping with the BoC’s most recent forecast and are therefore unlikely to cause the Bank to alter its existing monetary-policy plans. That said, weaker-than-expected data in other areas like exports, business investment, manufacturing production, and business sentiment portend slowing economic momentum and reduced inflationary pressures ahead.
The Bottom Line: The April inflation data were largely in line with the BoC’s most recent forecasts, and as such, the Bank should feel no added pressure to raise its policy rate in response. Conversely, the recent weakening in our broader economic data, in combination with the removal of the tariffs associated with the U.S./Canadian trade dispute, give the Bank plenty of latitude to lower its policy rate instead. While the BoC is not yet publicly entertaining this possibility, we continue to believe that its next rate move will most likely be a cut. Stay tuned. "By David Larock"
3 910 hours ago
Toronto’s most exclusive residence in the heart of Yorkville.
Designed by world acclaimed architects Foster and Partners.
Multi-award-winning Lanterra Developments has established a reputation as a company that creates landmark residential communities admired for their exceptional architecture, brilliant interior design and an array of amenities that make urban living truly exciting and vital.
Led by Chairman Mark Mandelbaum and President and CEO Barry Fenton, Lanterra Developments is firmly committed to delivering state-of-the-art urban environments. The firm has been honoured locally by the Greater Toronto Home Builder Association (now BILD) as Project of the Year for Toy Factory Lofts, Project of the Year for The Residences of Maple Leaf Square, Best Model Suite for Neptune at WaterParkCity, and earned international recognition at the prestigious Nationals for Murano, Toy Factory Lofts, The Residences of Maple Leaf Square, and ICE Condominiums at York Centre and Rodeo Drive Condominiums.
2 1210 hours ago
We already know how Toronto’s housing market found a soft landing after the price declines experienced in 2017. After prices fell 18% from March-July 2017, home prices and inventory levels (which are usually a clue to where prices are heading) have been stable.
But just because we have seen some stability in the market over the past 18 months, it doesn’t mean we are in the clear.
Today I’ll walk you through the good, the bad and the ugly - or to be more chronologically accurate, the bad, the good and the ugly - details that might impact Toronto’s housing market in the year ahead.
Toronto’s housing market has experienced incredible growth since the financial crisis of 2008 – but as house prices rose, so did household debt. Since 2008, household debt in Canada has risen from 150% of an average household’s income to 178% in 2018.
In response to Canada’s economy apparently booming the Bank of Canada has increased interest rates five times over the past eighteen months in an effort to cool the economy – but rising interest rates has put some financial stress on highly indebted households.
It is resulting in less spending with key indicators like auto sales down 9 months in a row and a decline in household saving. New housing sales are also expected to be much slower in 2019.
Mortgage stress tests are also making it harder for households to consolidate their high interest unsecured debt (credit cards, lines of credit) into their home mortgage which is pushing many of them to high riskier private lenders to access some of the equity in their homes (read our Realosophy-Teranet report on the rise in private lending). All of these factors combined suggest the economy is slowing and many economists are expecting a recession in Canada as early as late 2019 or 2020. We are starting to see some early signs of a recession with both consumer and business insolvencies on the rise.
Even with all of the recessionary signals on the horizon many of the factors that have helped keep Toronto’s house prices high are still influencing prices today. **you can continue reading the article at first comment **
3 1110 hours ago
Any increase in sales or prices in the Greater Toronto Area (GTA)’s real estate market over the past two years has largely been driven by the condo market.
When the GTA’s real estate bubble burst in April 2017 the condo market kept an upward momentum despite plummeting sales and prices for detached homes.
The chart number 1 compares the average price of detached and condos at the peak of the market in March 2017 against average prices for May 2019.
While detached houses are down 14% from their peak condo prices are actually up 14% compared to March 2017. Put another way, in March 2017 the difference in the average price for a detached home and a condo was $700K, today that difference has shrunk to $450K thanks to falling detached prices and rising condo prices.
But we are starting to see some early signs that the momentum behind the condo market might be cooling.
Condo sales are down slightly for the first five months of 2019 compared to last year with all other house types posting double digit gains in sales.
What's the cause of this cooling in demand for condos?
More specifically, the fact that condo prices have been rising while low-rise prices have been trending down - condos are starting to look a bit expensive relative to detached and semi-detached houses. Prices for row houses and condo towns are roughly flat compared to their 2017 peaks which again makes them look a bit more desirable given that condo apartments are up 14%. The supply for condos is still relatively tight which is keeping prices up, but if we continue to see a cooling in the demand for condos, we may see condo prices hit a plateau.
If you’ve been thinking about refreshing your outdoor space with a sophisticated Bohemian style, garden Scandinavian style or Industrial Pop style, @article has got you covered. #ad
I picked out this Aeri chair and Toba coffee table for my screened-in porch and guess what? It hasn’t left my living room. Say WHAT?? I LOVE the sophisticated feel it gives the space and I’m not sure I’m going to move it at this point. What do you all think? #ourarticle#teakachair#OutdoorSpaces#BoHoChair#OutdoorFurniture#RefreshYourSpace