The One at Yonge & Bloor, cancelled contracts, Tridel takeover and $2B in Drama 🎭

Описание: The Starbucks Christmas cups are back, which means it is time for an actual Seinfeld-style episode of the Toronto Real Estate Podcast.

No script. No strict agenda. Just Ralph Fox and the Fox Marin crew talking about everything and “nothing” in Toronto real estate in late 2025.

In this roundtable, Ralph is joined by Ian Busher, Jerome Werniuk, Jessica Spillas and Reuben Labovitz for a candid, fast-moving conversation that runs from corner store bylaws and NIMBY Facebook groups to the pre-construction crash, purpose-built rentals, The One at Yonge and Bloor, and the very real psychology of buyers and sellers in a grinding market.

They unpack why corner cafés and tuck shops might quietly transform Toronto neighbourhoods, how pre-construction pricing got so far out of line with resale, why taxes and development charges matter more than people realize, and how purpose-built rental is reshaping the city’s future. The team also dives into The One saga, what Tridel’s takeover signals for ultra-luxury, and why good agents are having the most challenging and most honest pricing conversations of their careers.

If you are trying to make sense of buying, selling, investing, or just living in Toronto in 2025, this is a dense, opinionated, “pull up a chair at the coffee shop” episode.

The actual cost of pre-construction, development charges, HST, double land transfer tax and thin developer margins.

If you find this helpful, hit like, tap subscribe and drop a comment with your thoughts on corner stores, pre-con or where you see Toronto heading over the next five years. And if you are buying, selling or renting in the city and want some straight talk, reach out to the Fox Marin team.

CHAPTERS

00:00 – Cold open, Starbucks cups and “Seinfeld episode” intro
01:40 – Meet the Fox Marin crew, Ian, Jerome, Jess and Reuben
03:15 – Corner store bylaw, City Hall’s new rules, where it applies
06:00 – Facebook NIMBYs, Friends nostalgia and Central Perk vibes
09:10 – Local vs chain, mom and pop cafés, walkability and car-free living
12:20 – Community hubs, purpose of third spaces and small business tax incentives
17:50 – New home sales collapse, pre-construction decimation and why buyers stepped back
21:10 – Shoddy builds, bait-and-switch renderings and trust evaporating in developers
23:40 – The hidden tax stack in pre-con, development charges, HST and double land transfer
27:20 – Purpose-built rentals, professional landlords and Canada’s shift to a renter society
33:10 – Renting vs owning, Germany comparisons, skin in the game and political consequences
37:40 – The One at Yonge & Bloor, cancelled contracts, Tridel takeover and $2B in drama
44:00 – Ultra-luxury gap, $10M buyers, furnished rentals at 18K a month and Yorkville’s ceiling
48:40 – Buyer psychology in 2025, fear, “waiting for a deal,” and the opportunity cost of waiting
1:04:20 – Neighbourhoods hot or not, North Riverdale, Bloor West, High Park, parking and wrap-up

#torontorealestate #toronto #gta #trreb #housingmarket #realestatecanada #condos #freehold #preconstructioncondo #homebuyers #sellerstips #marketupdate

Fox Marin is a boutique brokerage and content platform dedicated to delivering expert insight, strategy, and client-first service across the Toronto real estate landscape. Whether you're buying, selling, or investing, our Toronto real estate team breaks down market trends, pre-construction opportunities & listing strategies to help you navigate the Toronto real estate market with confidence.

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