THE MANULIFE CENTRE ON BLOOR STREET WEST @ BAY HAS BECOME A CITY WITHIN A CITY

It’s all there if you can afford the rent. This mixed-use complex on a prime piece of land in the downtown core connects with the subway, as well as eight cinemas, a very large book shop, an LCBO liquor store, a super market, a gym, the new Eataly food emporium, Bay/Bloor Radio, Birks jewelers, and a bank amongst other things.<PHOTO ABOVE – Manulife apartments by Vic Pahwa/flickr>The building also connects with a sparkling new underground tunnel system, lined with shops of all descriptions, including upscale Holt Renfrew.The Manulife Centre was built in the 1970’s. It was designed by the TORONTO architecture firm Lifford and Lawrie, and is now in the process of being updated.<PHOTO – view from the top of the Manulife Centre>

THE METROPOLITAN CELEBRATES WORK BY CANADIAN CREE ARTIST, KENT MONKMAN, UNTIL APRIL 9/2020

Kent Monkman, who’s become a well-known artist in Canada, has been given a prime spot in New York’s Metropolitan. Two of his monumental paintings are hanging in the Great Hall, at the entrance to one of the finest museums in the United States.<Photo above – Radio-Canada><Welcoming the Newcomers and ‘Resurgence of the People’ were both commissioned by the Met, and will be on display until April 9, 2020. <Kent Monkman (Cree, b. 1965). ‘Welcoming the Newcomers’, 2019. Acrylic on canvas – ABOVE><Kent Monkman (Cree, b. 1965). Resurgence of the People’, 2019. Acrylic on canvas – ABOVE>

TURMOIL IN TORONTO’S RENTAL MARKET – TENANTS ARE HANGING ON TO THEIR APARTMENTS

First the good news – In the Greater Toronto Area nearly 70,000 apartments were under construction or proposed in 2019. This would be 4.5 times higher than the total number of rentals in the GTA since 2005.Now the bad news – Torontonians are staying put. The GTA’s turnover rate was 9.5% in 2019, compared to 15.9% in 2016, according to Canada Mortgage and Housing Corporation. Montreal’s turnover 15.7%; Vancouver 13.6% and Calgary 33.3%.More bad news – When a unit is vacated (after being on rent control), landlords can charge whatever they wish. A new tenant will, no doubt, pay much more than the previous one.And even more bad news – Canada Mortgage and Housing has determined that the average two-bedroom condos rent for $2,476; a bachelor or studio unit might go for $1,725 or more; one-bedroom units, according to RENTALS.ca can be as much as $2,300 a month.