Canada's First Supertall Skyscraper is in Crisis

[@raytrevor1]

"Change Canada forever"! It will make no difference to Canada at all.

[@alexnicol7104]

Right? Pretty foolish thing to say.

[@grandtheftavocado]

Canada already changed forever when they let millions of third worlders in

[@lol-kc1sr]

Nothing a little makeup cant fix. Just ask Trudeau! 🤣

[@InTeCredo]

As long as Turd-eau and Liberal Party are still in power...

[@Squatle]

So that uninhabitable/barbarian piece of land touching Toronto is known as the rest of f*ing Canada. One building won’t change the vast majority of us

[@HarlowReign-r7r]

Toronto desperately needs affordable housing, but the current economics only make sense if housing is either unaffordable, unlivably tiny, or situated far outside the city.

[@JessicaKeith-uj1jq]

I’m I the only one who sees this as a complete waste of money? We’re in the middle of a housing crisis, with an urgent need for affordable living spaces-yet we’re building $30 million condos.

[@AshleyKeith-vw7ws]

This is a common issue worldwide. High-rise buildings have become unaffordable assets, accessible to only a few, as the global economy declines. The Fed and other central banks seem disconnected from the needs of everyday citizens. Now more than ever, I recommend working with a seasoned financial advisor to help optimize your portfolio and navigate these rough economic times.

[@EricaWaters-lr6zw]

Developers are honestly a major issue. At this point, even a blind man can see how messed up Canada is. I wonder if building more skyscrapers will really change anything. It’s clear that I need a solid financial advisor because it’s painfully obvious that this government has no clue what they’re doing. The thought of trusting them with my finances is unsettling.

[@HarlowReign-r7r]

To make Canada better, Trudeau and his team need to step down. It honestly feels like a big international money-laundering scheme. If anyone has recommendations for a trustworthy financial advisor, someone far more reliable than this government, I’m all ears.

[@AshleyKeith-vw7ws]

Honestly, this project has nothing to contribute to society. Canada is heading toward a major crisis. I’ve worked with Kate Elizabeth Cressotti, a highly experienced advisor who plays a crucial role in navigating the complex financial landscape. With six years of guidance, her insightful predictions have not only benefited my family but also helped countless investors during these challenging times. She has numerous success stories, and you can easily find more information about her online-she’s very accessible and easy to reach.

[@greggleswong]

>"The corner of Yonge and Bloor is a key intersection..." Proceeds to show footage of Yonge and Dundas.

[@EggTamago7]

Definitely not midtown either...

[@Kmichaelcook87]

Wtf kind of street names are these? 😂

[@paulmorra4424]

All last names of British politicians generals etc ​@@Kmichaelcook87

[@augiedb]

Yonge and Dundas gets bonus points, though, for hosting an REM show 23 years ago! =). kzbin.info/www/bejne/fqiaen2DqdeCrc0

[@mikelynch-zeroviewz2507]

It is the key intersection of the two biggest subway lines .. Line 1 and Line 2

[@nevilletaylor9761]

The One is a poster child for what happens when developers, who don’t really have the resources for project of this size, seize on a “hot” market when interest rates were very low to sell units. People literally lined up in the streets to buy units on spec before there was a shovel in the ground. The sponsors thought they would be able to get the project built before the market cycle turned against them. They didn’t. Costs went up, interest rates went up, the condo market generally cratered and they were out of dough. Enter the receiver.

[@acemannotsomeother]

A gamble that didn’t pay off. I am sure only the little guys were hurt.

[@JollyGiant19]

If zoning was relaxed, anyone could built instead of just the lying crooks.

[@Xenomorph-hb4zf]

​@@JollyGiant19Zoning in Toronto was relaxed. Now you can build 6 story Condos/Apartments anywhere in Toronto without needing to change the Zoning requirements. Anything above 6 stories needs to be changed to apartment residential zoning.

[@ohheyitskevinc]

It looks like The One is currently The Three Quarters.

[@Ajibolaa]

More like a Quarter 😂

[@damright]

or the one has become trinity ;)

[@edwinboden2541]

Bro 😭

[@lamontcranston3177]

Both these towers at Yonge and Bloor look cheap and tacky. The other one is covered in clear plastic slabs. It will be a filthy mess in another ten years. It already looks like crap and the "sculpture" on the Bloor St. side is hideous trash.

[@johnnygoodman2003]

It's across the street from the strip club.

[@LostCanuck192]

As a Canadian I can confirm I've never heard of it, don't care and it won't change anything. Just more properties for investment groups to buy

[@fangus5076]

no one's gonna buy it, toronto is unappealing to those who can afford this and unaffordable for those who does want to live here.

[@corsacs3879]

developers when they only build luxury condos and act shocked when nobody buys them because they can’t afford them 😧😧

[@lol-kc1sr]

Blackface Trudeau and Khalistani Jagmeet are too busy trying to cause a second religious partition of India. They dont have the time to worry about homeless Canadians freezing on the cold streets

[@danhule]

@@lol-kc1sr wow i havent read a more braindead comment on here in a long time congrats!

[@isk3397]

@@lol-kc1sr Lot of word's used to say absolutely nothing of value, congratulations.

[@graham1034]

The difference between a budget and a "luxury" condo is only ~10% in cost to build. The main reason newer condos are considered luxurious is simply because they are new.

[@Bangpath247]

@@graham1034 only if youre building in concrete, glass and steel in the city center.

[@hinnahinna-j9y]

The biggest problem with tall buildings is the "vertical commute." It takes 15-20 min to travel down from Aura, the current tallest residence in Toronto. Might as well live 5 subway stations away.

[@XandateOfHeaven]

This is why you don't often see super tall skyscrapers in the West. The amount of floor space you have to give up to elevators either means it's not worth it to build that tall, or you sacrifice convenience and build fewer elevators than necessary.

[@JeremyLogan]

This is what I found most frustrating about living in a shared building. It was only 6 floors (plus basement parking), but I'd get "home" and it'd take another 10-15 minutes to actually get to my apartment. I got pretty good at just using the stairs when I didn't have anything I needed to cart up.

[@jameskamotho7513]

@@JeremyLogan Ten minutes is not that long though...

[@fortythreenorth2518]

Parachutes?

[@carlmorgan8452]

Stupid is as stupid does

[@Holdfast]

It's ironic so much emphasis is put on "Canada's first super tall" when First Canadian Place built almost 50 years ago is only 2 meters shy of this abitrary definition and 55m over it if you include the tip.

[@cityslacker6221]

all terms and names are arbitrary. that’s how language works. 300M is as good as any cutoff for calling something “super tall”

[@Drenwickification]

@@cityslacker6221what do you mean all terms and names are arbitrary 😂 no they aren’t.

[@michaeldowson6988]

During the 20th C., the 3 largest cities of Canada erected all the height record breaking towers in the Commonwealth, 'til the last years of the century when Hong Kong building took off.

[@pirazel7858]

It's all about selling the product

[@ayoCC]

@@Drenwickification For the purposes of the point he's making these "declarations" are somewhat arbitrary and at most are determined by how novel it is

[@JoannDavi]

Shorten the title to: Canada Is in Crisis

[@tango_oscar]

Over 30% of condo units in Southern Ontario are owned by investors. 5 million new homes won't fix anything when they get mostly bought up by landlords.

[@NeilABliss]

@@tango_oscar what percentage of Senators and MP'S are landlords? So they have an interest in housing, right?

[@stevenchow408]

​@@NeilABlissYes sir

[@123benny4]

That should be controlled and regulated. Set rental prices. As well, allow landlords a limited amount of rental units they can own. It's a no-brainer, but government doesn't have the will to confront these greedy investors.

[@NeilABliss]

@123benny4 That's because we keep electing Landlords. Of the five major parties leaders only one is not a landlord. What possible reason would they have of going against their own interests?

[@123benny4]

@@NeilABliss And that there is the problem with politics.

[@cobytang]

What Canada needs is dense mid-rise housing, like Japan's residential neighbourhoods where people live 15 minutes bike/walk from every single life amenity, supermarkets, schools, places of work, parks, frequent and ubiquitous public transit that takes you to everywhere else, not another unaffordable skyscraper. We don't have freedom because we can drive to everywhere, we lost our freedoms because we HAVE TO drive to go anywhere, we're chained to our cars, there's a difference.

[@erichb4530]

that happened due to a small amount of land availability in Japan. We have massive land available. Unfortunately, instead of just growing already existing small towns and sending immigrants there, landlord politicians want to make Toronto so expensive that your proposal is not even possible, because small grocery stores could not make enough profit to pay the rent. It doesn't help that humans are getting lazy and incompetent, willingly paying more and more for food delivery services instead of buying food and cooking.

[@XandateOfHeaven]

​@@erichb4530 The whole "why don't they grow small towns" in Canada ignores a few things. 1. Only a small fraction of Canada is habitable, as in you can grow crops there. The inhabitable land is maybe the size of Scandinavia. 2. Toronto is not the fastest growing census metro area in Canada, partly because of out migration. The narrative only Toronto and Vancouver are growing is just false. The fastest growing areas are places like Squamish, Kelowna, Canmore, London, Ottawa, etc. The Vancouver and Toronto metros are growing slower than Calgary, Winnipeg or Saskatoon. 3. The idea that we should all go back to small towns is just not how modern economics works. The trend for the last two centuries has been for humans to move to larger cities because more economic opportunities concentrating in one place is the natural course of the market.

[@jjdtierney]

​​@@erichb4530Sprawl is expensive to maintain. Unless you like paying sky high property taxes to fix aging infrastructure and provide services such as sewers, roads and transit for a relatively small number of rate payers, medium to higher densities is what's desirable. Canada's aversion to building anything but single family homes with strict zoning was a social experiment which it turns out is unsustainable economically (and ecologically as well). In other countries large multi bedroom homes are often terraced. If well constructed these are great to live in. And on a climate such as Canada's most people would only have two walls to heat which is another major efficiency. Really, Canada's single family homes are so shit that these are now often built with centimetres separating them to keep up the old detached tradition and so that developers can sell them as single family and so that codes are met. Bit it's basically stupid and we need to density quite a bit. Montreal is a good Canadian example of what a medium density city should look like with it's neighbourhoods on the Plateaux and NDG, etc.

[@cashewnuttel9054]

Okay... tell that to your government.

[@carkawalakhatulistiwa]

​​@@erichb4530 Russians live in the biggest country of the world and the majority live in microdistrict apartments Like Japan

[@the6ig6adwolf]

More housing that Canadians can't afford is a great idea.

[@GeorgeP-uj8xc]

That's not how supply and demand works. Instead of buying up normal homes and taking up supply the wealthy will now have these new luxury apartments to park their money in. More housing is a net benefit whichever way you slice it.

[@d.b.cooper1]

Canada/Australia/UK at this point, when it comes to new big city housing projects, are pretty much just bank accounts for the wealthy Chinese & corrupt/fraudsters from every corner of the world. At uni I literally met rich Chinese kids who collected passports/citizenship like they're pokemon cards. All of which is easily attained by buying a pricey new apartment that adds little greater economic value. It's got the point where countless Hong Kong investment funds are now buying up portfolio of working class homes across the north in the UK, as investment properties for the 1 million or so Hong Konger's moving to the UK before China fully takes back HK. They'll live in pricey prime London apartments, living off income from poor housing stock across the country. My entire apartment block at uni in Newcastle (small northern city), had Hong Kong landlords living in London/Canada or Australia. Wild wild times.

[@oliviercool1041]

fr bro

[@FonicsSuck]

no joke

[@Southwest_923WR]

Hell, Ive been saying that for ALL countries that build like this!

[@chelseagirl278]

i remember working at Bloor and Yonge at 2009 when they were going on about this development. i CANNOT believe this building is still not completed. but then again, this is Canada...

[@alkaiable]

More unaffordable condos.. that’s all we needed ..

[@tompw3141]

Would you rather the millionaires were competing with you for housing instead?

[@APPEALtoFEAR]

I mean you're definitely not wrong, but it's not like apartments like that would be available to anyone who isn't super well-off anyway

[@eugene8524]

Who will pay for it? Nothing is free

[@MemeSavageReee]

@@tompw3141 LOL compete? out of the thousands of workers that work in these condos througout their creation, there might be 3 or 4 of them who could actually afford the cheapest condos in these dumps! There's no competition it's a racket run my Masons who literally fk children! Some of the worst Satanist trash in the world are in Canada running the construction companies, the unions that siphon money from the working class and even the WSIB. You know who the trustee of the worlds largest trust fund (WSIB fund) is? It's the sister of Canada's most notorious serial killer, Robert Pickton!!! One of the largest construction companies in the country (Advance forming) is run by the grandson of the most notorious child abuser in recorded history (outside of maybe Jimmy Saville), and the creator of the MK Ultra project, Michael Aquino.

[@ross_ulbright7779]

​@@tompw3141A millionaire can't even afford to buy a house for cash.😂

[@benky182]

In Auckland New Zealand we've the same thing called Seascape. It's supposed to be the country's tallest building for luxury apartments. However its construction is currently suspended due to finance issue. It's an eye sore as it's been topped out but in the middle of cladding with a crane still at the top.

[@cashewnuttel9054]

That would be a great place for a protagonist to fight the villain.

[@MaidenHell1977]

I left Toronto almost 3 years ago after living there for 44 years. While I certainly saw change take place over those four decades, I simply couldn't believe my eyes over the amount of change that has happened in the last two and half years. The residential neighbourhoods I grew up in are all having low to medium high rise condos going up. I think the dip in condo sales and residency is only temporary. And the spill over is spreading to all communities all around the Greater Toronto Area as a direct result of the influx of people moving to the city. Homelessness is still a major problem and sadly it seems not a whole lot will be done about it.

[@alexanderhejnowich7447]

Hamilton was ruined for exactly this reason. I had to leave the province altogether to escape awful awful torontonians

[@MaidenHell1977]

@@alexanderhejnowich7447 where ever you ended up I'm sure the locals are thinking the same about you as well. ☺️

[@calvinbaII]

@@alexanderhejnowich7447 They showed up in big numbers in Nova Scotia during/after the pandemic and destroyed the local housing market and transportation infrastructure. Torontonians are like locusts. That's why we call these kinds of scenarios "worst case Ontario"

[@alexanderhejnowich7447]

@@calvinbaII thank you for backing me up! It’s always Toronto vs the world, they never understand that everyone outside the city limits hates them lol

[@alexanderhejnowich7447]

@@MaidenHell1977 why are you being sassy? Did you even read my comment? I was agreeing with you.

[@raybarton7725]

Private equity firms should not be allowed to own residential real estate. It's a failure of governments to have the balls to deal with this issue.

[@RaphPorsche]

The GOVERNEMNT IS THE FAILURE!

[@irispaiva]

Fred should take over and have the building be renamed The B1M

[@GeekyMedia]

LOL yes!

[@Tobi-ln9xr]

"The B1M“ actually sounds like some fancy development project…

[@wasir3703]

Bro gonna need 2 billion dollars. 😭😭

[@kabongpope]

Bloor 1 Mwest? :D

[@johnnygoodman2003]

​@@Tobi-ln9xr it's should be called the N1S. With the prefix P3

[@antelopeoftheeast5197]

I live right next to this eyesore, just what we needed, more housing that nobody can afford, and nobody will buy. Great things happening in this city.

[@Xenomorph-hb4zf]

I don't think they'll ever complete the building

[@brianne9]

Yup, Canadian cities need larger units in their buildings. People aren't choosing to have kids and raise families in their one-bedroom condo units that they can barely afford. Developers are finally realizing that despite a housing crisis, they've reached a saturation point for these small units in certain regions. Unfortunately, larger units net less profit and they don't seem to be worth the cost to the developers... As well, people can't afford the larger units once they are built, even if they prefer the urban lifestyle. It's a Catch-22.

[@melissaharris3389]

The government is going to need to implement square footage minimums and require multi-occupancy units. Developers have proven they can't be 'trusted' to build the housing that is required; only investment properties.

[@cosmocalisse]

Europe has entered the chat

[@APPEALtoFEAR]

Well when a country is 25% immigrants and baby bonuses are handed out like McDonald's coupons, that tends to happen

[@farmonious420]

Every feel sorry for the pets at the pet store all crammed into there little boxes? That's what housing developers would like us all to live in.

[@jeffreyquinn3820]

@@APPEALtoFEAR I'm not sure we can blame a large influx of immigrants for empty condos. It's the idiot investors & developers who assumed that we were going to allow an increasing number of foreign students every year to rent shoebox condos and luxury condos nobody can afford who caused the problem. If that money had been spent on sensible projects that people could live in, nobody would be bankrupt and everyone would have a place to live.

[@turbofanlover]

I spent most of the 90's in Toronto. I finally got out of there in 1999, and I am so glad that I did. :)

[@ricericebabyx]

Honestly Toronto was pretty great through the 2000s and 2010s… my best years were there as a student and young adult. It’s all gone to shit now

[@Parakeet-pk6dl]

Another “One”. I’m waiting for the onest one, the one that will be the one to anyone for once! 😅

[@jonathanj8303]

"And in the darkness bind them"...

[@APPEALtoFEAR]

my brain hurts from reading this... I guess workplace math really wasn't a good choice for me

[@cashewnuttel9054]

It's going to be built in China soon.

[@DarkpawTheWolf]

+1 to your comment

[@BattleB3rry]

It’s evident you spent a lot of time with the visuals of this video. Very impressive job

[@jeremygilbert7190]

I follow this channel, so quite cool to see that at least one of my photos of The One made it into the video!

[@icosagonline]

Which timestamp is it at?

[@jeremygilbert7190]

@@icosagonline at 0:39 - a quick sequence - from above (by Bloor Man); showing the black scaffolds and cladding emerging (mine); then Johnny Au's looking up. On Flickr I have created a time-lapse of 4 years of its construction - I'm jer1961 there and on Urban Toronto

[@ALuimes]

@@jeremygilbert7190 I've seen photos I took and subway maps I made on YT

[@Dgabit]

Ya it was really cool to see some of my footage used in this video!

[@bastiaandemos1887]

Its start to get a trend, in Utrecht the Netherlands is also a abandoned Skyscraper that was under construction. Called the Galaxy tower. Was almost finished but its now abandoned for 2 years

[@alexnicol7104]

"Change Canada forever" come on man be fuckin for real

[@dabluntz19]

Sounds like a marketing video trying to get someone to buy the useless junk.

[@huhujojo1968]

It won't change one bit within its bloc let alone Canada. That area is becoming very unpleasant with drug users doing what they want on the side walks.

[@omzy8700]

It will actually change Canada forever it will be in the history books of Canada ,in 10000 years people will still remember this building like we do with the pyramid 😂

[@Booshay__]

As someone that lives in Toronto. This video was well researched and well done. Not that I’ve seen another videos on your channel that aren’t it’s just nice to see a channel tell the full story of the city that you reside in.

[@nelsonniedzielski]

As someone born and raised in Toronto this video is pretty inaccurate considering the professionality they try and portray. Have you ever heard of a yellow belt?

[@sarahbutt1425]

Was exciting to see this video as I've been walking by this building for years with not much change!

[@C-mac_in_the_6ix]

You must be walking with your eyes closed because it changes every week.

[@kellykellycelery]

@@C-mac_in_the_6ixI never look UP either 😂

[@ZEST123]

Why do I get this eerie felling that we are witnessing a “Titanic” type of episode here? It’s the old adage, “what goes up, must come down.” Scary stuff right here!

[@andrelam9898]

I visited Toronto regularly since 1977. It's shocking to see how much the city has grown, especially the last 15 years. The area between the rail lines and the water front (where the CN Tower is) was a desolate / empty space. Even the Baseball park was build in the "middle of nothing." Now those areas are fill with tall expensive condo high rises. When you go there today you can still see at least 6 to 12 under construction. Along the upper part of the city the growth has been just as explosive. Back in the 70's you could drive on 18 lanes with barely any traffic. Now traffic is between busy and grid lock all day long.

[@matthewbarabas3052]

at least people make use of those houses and condos and apartments.

[@APPEALtoFEAR]

Are you from a different country? or just a different region of Canada?

[@junkbox_]

The City Place neighborhood to the West to Fort York is all Concord Properties. They are embarrassing and ugly, hideous inside and out. A large number of units across the corridor are speculator-owned short term Air BNB rentals. East of Roundhouse Park is the cold and borderline dangerous ICE building complex. Tons of temporary stays, some of which involve human trade. Lots of human trafficking takes place on the former CN Railway Lands.

[@briankuhl9314]

Thanks for giving us Canadian fans a video on construction in Canada

[@Spooktober-ca]

This video is terrible. This channel HATES Canada and especially Toronto for some reason.

[@archimedes2261]

@@Spooktober-calol thought I was the one thinking that 😆

[@user-wz8hp2ix9f]

As a Torontonian, I don't even know this building has any significance in the city. It is just another building. This video really makes me scratching my head.

[@Megadonoutdoors]

Building by us PREMFORM, I am proud to be apart of this beauty.

[@nanky432]

An important fact about this tower’s failure is that before its set completion date Canada passed a law banning foreign ownership of Canadian housing. Meaning, the developers probably lost out on a lot of their expected condo sales and couldn’t get additional funding to finish the tower fully after missing their targets. Usually, a tower like this would have multiple Chinese and other foreign billionaires/millionaires buying all the properties before completion and sight unseen as a way to secure their assets overseas in geopolitically neutral locations.

[@kevinp.h157]

Calling a building “the One” sounds like it’s a such a bold and egoistic move

[@ninod1502]

Its technically 1 Bloor st west

[@irkhanbasc]

I hope that this doesn't become a repeat of the Bay and Adelaide project. That building took many years to get built, despite the excellent location.

[@Ajibolaa]

Unfortunately it’s going to be. They’ve been building this since Covid and yet you can count the number of floors built and don’t get me started on the traffic they have caused for the last 4years now you can’t take a left Yonge and bloor cause of that damn construction no one knows when they’d end

[@APPEALtoFEAR]

It's a hell of a lot easier for projects like this to get tied up in deadlock in Canada than it is in a country like the US

[@archimedes2261]

@@APPEALtoFEARThat’s because the U.S. has been focusing on actual wealth, in Canada the focus is on people thinking their 15 year old house is going to fetch millions in 5 years and sleep on it, no other investment ideas in the mind.

[@TPQ1235]

Not exactly the best coverage. But as a first 1,000 B1M subscriber it’s interesting to see a local project get covered. You should cover off the Ontario Place and Ontario Science Centre issues if you want to cover two more train wreck projects. Your’s is one of the first channels I hope to see content from. Please keep up the excellent work!

[@tomrogers9467]

Don’t forget the billion dollar Eglinton Crosstown - ten years and still hasn’t carried a single paying passenger! But lots of brown bags full of bills moving around!

[@kutter_ttl6786]

​@@tomrogers9467Supposed to have opened back in 2020, and now Metrolinx can't even give us a date when it will be done. Even by Toronto standards, the delays are next level.

[@IppiopaidFEEDBACK]

Wow! I was just talking about this building a couple of weeks ago to a friend. I was wondering, why was it taken so long, I leave Toronto come back in a couple years and it still not built. Meanwhile, you leave Toronto for one year, come back and they have a brand new building built everywhere downtown that didn’t exist before.

[@calebnewman676]

This video is so misleading, my god. I like your videos, Fred, but seriously do better. I can tell you first hand that there’s an active crane and a concrete pump working at this very moment. I know this because I watch it every day from my living room.

[@Lustrum0005]

SO the building that was supposed to be finished is still not finished..

[@bardslee]

The only reason why condos aren't selling is because you're asking too much money. These companies are holding on to the flats and asking inflated market rate, hoping to drive to price up.

[@matthewbarabas3052]

prices go up because people are willing to *buy* the condos at an inflated price. blame the people.

[@Nelo390]

@@matthewbarabas3052 Yet they stay on the market for months or years at the prices... doesn't feel like anyone's buying

[@matthewbarabas3052]

@@Nelo390 if they can stay on the market for that long without reducing the price, that kinda implies that they can afford to do so.

[@johnnysecular]

@@matthewbarabas3052they can “afford” it for all sorts bad reasons, access to easy credit, access to bankruptcy without liability, because holding here and losing money gains them money elsewhere, etc… of course people are willing to buy the condos, but that’s primarily because housing is a necessity, not because they choose to pay those prices. people will continue to buy bread at $12 a loaf, if there’s price fixing in their neighbourhood and the closest $7 loaf is 10km away. distorted markets.

[@Nelo390]

@@matthewbarabas3052 Nobody is calling the companies and investors holding onto the places broke.

[@iseemelanie]

This building is literally 45 seconds down the street from me. I pass by it multiple times a day. I haven’t seen any construction workers on the site in several months. It’s been under construction for at least 4 years now and it will probably take 4 more at the rate things are going.

[@CyclingRobinToronto]

I live a 5 min walk from this intersection. Just last week I was looking at it and the thought, "beauty is in the eye of the beholder" came to mind. It may be tall but that is all it has going for it. It is like a giant transit bus box was pushed out of a box standing upright on the windshield. For an office tower perhaps, but it lacks any kind of imagination for a residential building, especially being across the street from the nicely curved one that has balconies---that one looks more like a condo tower.

[@WellventilatedPianis]

footage of the wrong intersectio at 1:43

[@_saisings]

They showed Yonge and Dundas 😂😂😂

[@RovingCanada]

And the arial footage? Wrong intersection too? Or.... They use B-roll footage of the city. How many times did you see the CN Tower?

[@MiertaMercado-b4b]

Para mis ojos esto es fabulosoy fantástico, e impresionante, gracias por hacer ver el mundo diferente formas, un abrazo desde Argentina

[@owenmonaco7817]

I never understood the idea of spending hundreds of thousands of dollars (for normal condos) for a concrete box in the sky. Always sounded like prison to me. Not to mention (as this video does) paying 600k for a condo when you make 75k pre tax, is not affordable

[@Yokedguy]

The building on the other side of the road is like 80+ stories. Canada has tons of really tall buildings

[@shustins]

It’s still going to be stupid levels of windy at Yonge and Bloor. You can read the wind study on the city’s application information centre

[@NeilABliss]

@@shustins I once, got blow at Portage and Main !

[@gragor11]

@@NeilABliss In the 60's when I lived in Chicago it was common practice to string rope from parking meter to parking meter for the pedestrians to hold onto when walking down the North South facing streets. Sometime along the way the underground pedestrian mall was invented to avoid such situations.

[@Dgabit]

Awesome video and update!! Thank you for including some of my content. Great work!

[@testthisfordecficiencies]

Been doing great so far! Owned by creditors! 😆 Mentions the prestigious intersection of Yonge and Bloor and proceeds to show Yonge and Dundas.

[@meb4100]

Blaming builders and investors for high home prices in Toronto only tells half the story and gives them an unfair reputation as bad actors. These professionals take on enormous financial risks, navigating a maze of regulations, permit fees, and unpredictable material and labor costs to bring essential housing projects to life. Despite these challenges, they’ve managed to provide homes for millions across the country, contributing to the infrastructure we all rely on. Simplifying the issue by pointing fingers at developers overlooks the complex factors at play, from policy requirements to economic conditions that impact affordability. Beyond the city, sucking some money, we have realtors, insurance and banks. Guess what, if everyone wants a piece out of a home no surprise costs are going to be so high. Or do you think you’re gonna plan to build a condo to just get a couple thousand dollars out of it?

[@MichaelS-t8k]

It is fair to apportion part of the blame for the so-called 'housing crisis' at the feet of the builders, investors and realtors. They make the critical choices along with architects, contractors and government officials to prefer maximum profit generation rather than taking the risk of getting lower profits by building economically useful buildings or condominiums meant to affordably house people.

[@ZappaBlues]

I remember the Harvey's on this street corner

[@feponcio]

Yes, I remember the Harvey's was on the south-east corner of Yonge and Bloor.

[@jjmarz1001]

Had many a lunch there when studying at UofT.

[@dg1006]

Harvey’s has the best fast food burgers and back in 2000 they were only .99 at this location. There was a mews around the corner that had a nice Japanese lunch place.

[@anhbinbaccuc8850]

10+ yrs ago reading the news you would see stories about "glasses and windows from highrises fell to the ground in downtown Toronto, fortunately no one was harm" ...... and these were 40-50 stories buildings.....

[@mathewdesbiens7888]

I will never understand why someone would want to live in a tower like that.

[@sherienichol1580]

I know right.

[@mgm661]

Unless it's Manhattan, NY ..

[@thefrub]

9:49 Who will end up living there? No one. It will be investment properties and zero actual housing.

[@PaulHAMCO]

Snobs.

[@LifeofWalk]

I live next to it, it's a bit far north but a cool area around Yorkville! It would be amazing if the PATH extended to Bloor. It's also next to my favorite building - The Toronto Reference Library, a very underappreciated building!

[@raphaeloliveira4987]

PATH does extend to Bloor

[@ALuimes]

@@raphaeloliveira4987 That's a separate system. not PATH itself.

[@gardenplant200]

This reminds me of Seascape in Auckland, NZ. Please do a video on that!

[@blackpanda7298]

4:35 my man..that’s my man my man my man. ❤❤

[@BrettLindayy]

Haha great comment

[@KimberlyCrawley]

Yonge and Bloor isn't midtown, it's the north boundary of downtown. Midtown Toronto is Yonge and Eglinton.

[@Ali-vx9zf]

Are you from Toronto?

[@MsBhappy]

It was midtown 50 years ago lol

[@thesailboatking]

Luxury housing after luxury housing being built everywhere

[@Squatle]

As much as I agree with you, at this point if a place has a window it will get the “luxury” tagline. Either way, I still can’t afford it.

[@tompw3141]

All new housing gets labelled as "luxury" - it doesn't mean anything!

[@cashewnuttel9054]

What's wrong with that?

[@Squatle]

@@cashewnuttel9054 At this point “luxury” it just tacked onto every build so the builder can charge more. I’ve legit been in “luxury” new builds that look like an IKEA catalog threw up in it (no staging furniture I’m talking cabinets and counters). My parent’s place from the 70’s have cabinets with better design. These “luxury” homes don’t help in the housing crisis Canada is experiencing. People can’t afford them, but eventually they get sold as an investment to appreciate in value while no one lives in them. Essentially imagine there is a shortage of over a million cars in Canada. Now Canada is selling mostly Mercedes, claiming they’re Rolls Royces and most people are only able to afford a Civic.

[@ALuimes]

@@tompw3141 With this building it does.

[@navajojohn9448]

Another glass box. How exciting.

[@alaricboyle-poirier6931]

Wow that's not a really nice looking building, though.

[@freshlygroundcoffeee9236]

Canada has the ugliest architecture

[@anon-r9q1111]

building just to build. that city is unaffordable

[@alexnicol7104]

What exactly about this is game changing for canada?

[@APPEALtoFEAR]

As someone born in Toronto who currently lives in Whitby (15 minute drive from Toronto) I HAVE NO F**KING IDEA

[@acemannotsomeother]

⁠@@APPEALtoFEAR how fast and when is it possible to drive from Whitby to Toronto in 15 minutes!

[@dfs-comedy]

@@APPEALtoFEAR A 15-minute drive from Whitby to Toronto? Maybe if you drive like a bat out of hell down the 401 at 3:30AM...

[@XandateOfHeaven]

Literally nothing. There's already a giant condo building across the street, and there are many condo buildings in Toronto over 200 meters. This one is just a little taller.

[@APPEALtoFEAR]

@@acemannotsomeother Well, maybe not right downtown or anything; but It doesn't take more than 20 minutes to drive to Scarborough from Whitby.

[@resetpassword]

I live in Toronto for 24 years now and the change is everywhere. My building I've been in all these years is now under management by new developers looking to demovict and build a 45 storey condo building. On top of all of that, Toronto is facing stupid pressure to be bike friendly, so all these new builds are coming with half the parking availability, and the roads around that are congested, are getting lanes reduced for bike lanes, and lower speed limits everywhere. The GTA is a place where cars are necessary (not to even mention the weather 4 months of the year). I'm seeing everywhere this stupid bureaucracy and new changes being introduced by those that have no clue about the area they are serving. There are so many things wrong going on right now and I'm not confident in the direction we're heading nor seeing any improvements anytime soon.

[@PrincipalSkinner3190]

Lived in Toronto all my life and this is my first time hearing about this 😂

[@jpp7783]

It’s only been in the papers at least once a week for the past 4 or 5 years.

[@PrincipalSkinner3190]

@jpp7783 Haven't read the paper in the last 4-5 years. I do watch and visit CP24 though and have never heard it mentioned.

[@archimedes2261]

That explains why people pay 2 million for old 3 bedrooms in Toronto and Vancouver they have never heard of anything larger or luxurious for that price elsewhere 😆

[@74Voyeur]

Remember the 2003 blackout? Our 28th suite in a 30- storey builing didnt have water pressure, and the elevators were inoperative. After that experience, I vowed to live closer to the ground, regardless how glorious the view was, from higher levels.

[@kunai92]

Yonge and Bloor is a fantastic intersection name. Easily one of the best. Good job, Canada.

[@havenless3551]

Yonge Street and Bloor Street are the names of the roads that are intersecting, and Torontonians generally refer to neighbourhoods by their intersections because it's easy to visualize where they're talking about. The intersection of Yonge and Bloor is in the Yorkville neighbourhood.

[@MsBhappy]

​@@havenless3551For more than a decade when I think of Yorkville I think of Bay subway station not Yonge and Bloor.

[@apilkey]

Anything called “The One” is gonna tank. Just look at The One mega mansion in LA.

[@MR-fx9gg]

"On the prestigious corner of Young and Bloor" = LOL

[@ElJefe1986]

Purchased a unit already 🙌🏾........said no average working person in Toronto.

[@S0amX]

Nice video ❤B1M

[@TheB1M]

Thanks ✌

[@S0amX]

​@@TheB1M😊

[@Spooktober-ca]

This is easily the worst video this channel has ever made lol

[@Real_Estate_Dubai]

Watching this video from Dubai. It's a perfect housing market here. No taxes! Lots of Investments!

[@kovy689]

If you look closely, you can see Lebron traveled.

[@dailyuse5508]

LeBron Diddy

[@kovy689]

“Ain't no party like a Diddy party!”

[@alexdavila1356]

I love it! Its like a monument to the contemporary period canada is facing right now.

[@dr.python]

These aren’t apartments, these are money parking for those fleeing unstable countries

[@MemeSavageReee]

Yep the worst of the worst who aren't even welcome in their own countries are now coming here to piss off more people. Its as if they want to be hunted down like wild game!

[@keyavery]

Born downtown Toronto. Live downtown Toronto. Yonge & Bloor is not "midtown." "Old/real" Toronto runs from Lake/Front St south to north about Bloor (though some people consider it up to about Rosedale or even Forest Hill). West to Dufferin and east to Broadview (though some may see it as far east as Pape). Regardless, Yonge & Eglinton is midtown.

[@FactsphereMindBlasts]

This building is almost finished, with only 10 to 15 storeys remaining. I see it every day going up.

[@maximilliancunningham6091]

I live just up the street. It's been painfull to watch. Most local projects go up, 1 floor a week, this one is 1 floor a month, even less. Pushing 10 years since they demolished the Stollery. I think even the ridiculous Ellington cross town, will be operational before this building.

[@RealJalapeno]

goverment needs to stop condo building and only allow appartment building like wtf, so many empty condos becasue nobody wants to pay 1miill for an appartment thats all windows and has 0 privacy

[@drdeetlefs]

So, transitioning from designer to artist, I find the artistic perspective a shitload more forgiving. Engineering, architecture, industrial design...it is all fucking hard. Jeweller by trade but aspiring art therapist, I've been lured to the other side...not my natural state. I'm autistic, I thrive on the detail, perfection...art is a catastrophic compromise, or is it? I discovered the power of creative practice as a therapeutic tool in 2016, did a doctorate and now halfway through my MArtTher. I'm totally hooked on The B1M. Know this, creative practice is a uniquely human experience. Not an activity, not a production or a performance, but an absolutely subjective experience of expression. That sets us apart from algorithms and AI. I aspired to be an architect but was knocked back because I am mentally disabled. Just saying it makes me mad. I'm just different, not the disease. I'm way more familiar with straightjackets than Hollywood would be able to portray. Much of my life was shit, but like Victor Frankl suggested, its not how you suffer but how you choose to respond to your suffering. I'm really interested in your mental health drive for the construction industry, and I have some ideas If you care to listen to this old fella. I was the lead architect's draft assistant on a major sky-scaping national reserve bank building, straight out of school, before the army turned me into a killing machine during the early 80's. I'm damaged, more than you might be comfortable with, but I've learned a few things about surviving, especially surviving myself against all odds. Help me by letting me help you. I'm autistic amongst other graces, so forgive my unfiltered comments. Long story short, I think I can help the construction industry with remedial craft therapy. I don't know that I can, we have to find that out, but give me a shout and help us find out - [e-mail]. Lets live our best lives, people. Its a choice, make it!

[@Filboid2000]

"We have a housing crisis." "No problem: we'll just build a high-rise for the wealthy."

[@VaughnCampbell]

Sounds like carbon tax logic

[@acemannotsomeother]

Housing crisis is a great excuse to forgo planning, environmental approval and city plans. Developers and builders want to maximize their profits. Cities have become addicted to the fees and taxes such projects create. Gone are the days of low cost housing and coops.

[@XandateOfHeaven]

​@@VaughnCampbell WTF does this have to do with the carbon tax?

[@dothetontim]

"We" aren't building anything. Private investors are building a condo tower where nothing else could possibly be built. Nobody needs affordable housing at Yonge and Bloor. Nobody needs housing at all at Yonge and Bloor - it's a crappy place to live. Toronto is a global city and will never be 'affordable' to the average wage earner. Housing prices will never go down. Toronto needs its own minimum wage of $30 / hour and a coffee needs to cost $10 at Tim Hortons to support that. Nobody earning $30/hour would buy coffee out - it's a luxury item and always has been. But $30/hour would allow someone to rent a modest 1 bedroom in the city.

[@havenless3551]

It's a private development being developed by private developers on land that they privately own. The City of Toronto isn't building anything, they are reviewing the development applications to make sure that they're following the policies that they need to be following, and then the politicians who were democratically elected by the residents of Toronto voted to approve the application. What do you want them to do? To tell them that they can't develop the land that they own even though that they're following applicable law and have reached servicing agreements with the city, and to expropriate the land from them so that the TCHC can develop something there?

[@immortalpikachu7]

“The One” building that’s under construction forever in GTA V

[@FutureMending]

As someone from Toronto, the unhinged hyperbole at the beginning of this video makes me assume all your other videos are completely made up nonsense as well.

[@lilmaple072]

Hello from Calgary, thanks for bringing this up as I had no idea

[@lifeovdeath]

The One tower in Toronto highlights how Canada’s luxury condo market struggles with rising costs and lower demand. What we really need is affordable housing. Some countries tackle this by giving developers free land, selling units at capped prices. This approach could spread out population growth from pricey cities like Toronto & Vancouver and make housing more accessible for average Canadians.

[@blackcat-mp7kh]

when you have money why would anyone want to stay in the middle of concrete jungle with noise and pollution. also to solve home crisis they build luxury condo

[@MsBhappy]

Housewives who have wide real estate portfolios in both urban and rural areas. If I had a cottage in Muskoka, a condo in London, UK, a condo in Hong Kong and a house in the South of France then I'd want a condo at Yonge and Bloor for access to Toronto's best shopping and restaurants.

[@Sekusamu]

I'm glad he mentioned zoning. Rezoning land zoned as r1 to r2 would double the amount of housing. Land zoned as r2m can house six times as many families as land zoned as r1.

[@natedoggna1101]

The one will be 328 metres tall not 306😤 The height was increased after construction began

[@IrvineKinneas01]

yes but will they stick with 328m or go back to the original height now that Mizrahi is out

[@urbanstrencan]

Just amazing design, end engineering behind it must be interesting ❤❤

[@GeekyMedia]

not a big fan of the design on this one.

[@zahraelok5932]

It's crazy how every building is now skyscrapers, making the sky seem closer to us, like it's about to hit us somehow... BTW I love informative content on KZbin like this, adding this right next to Lead Learn Leap's channel!

[@johnp1]

The traffic in the Bloor-Yonge area is very bad. There's a major subway station in the area. However, I don't think the tenants of this building would enjoy riding the subway. This is probably a factor why this condo is not selling well.

[@gecho194]

1:52 The Lone Ranger! That was in theatres back in 2013.

[@KM-hk8tc]

Used to live in Toronto. Got too expensive so I had to leave. Still getting more expensive.

[@emrefifty5281]

Skill Issue.

[@thexen3120]

​@@emrefifty5281a-hole issue

[@DMSparky]

@@emrefifty5281Or he grew a brain.

[@shawnjassal]

Where’d you move

[@MsBhappy]

Population is set to increase by 3 million in the next two-ish decades. It's insane. I was born and raised there and am not cut out for the insanity of the 21st century.

[@tompw3141]

Toronto's condo boom spurred the supply of tower cranes (and operators), lowering the price to the point they are used on much small buildings than other cities. UI saw one being used on a five-story apartment building because it was the easiest way to move materials around the site!

[@WiseGuy10]

Why are ALL New Buildings UGLY AF like this???

[@tessietesoro7407]

Yeah , get more wetlands , develop them for real estate friends and build , build , for foreigners . Look at our Canadian citizens , ask them , can they afford the prices of these condo units ?

[@C-mac_in_the_6ix]

I'm not sure where he's getting info from insinuating that it might not get finished. No matter what happens now, it's past the point of no return and there's significant progress every week. Yes it has been slow with some of the legal and financial issues going on, but now that skygrid took over it's been moving at a decent pace. He was way late on getting this video up as most of the info isn't that accurate anymore.

[@grahamcampbell7424]

Yea, its been flying up for a couple of years now.

[@pumpjackmcgee4267]

"We need more housing!" Canada: 3 to 30 million dollar skyscraper units "Not that kind!"

[@emjm9383]

how is LESS than 1000 feet called supertall? this is a regular old highrise by today's standards!

[@johnboulanger807]

Because the video is inaccurate as the approved height is 328m or 1077ft.