Dealing with properties or real estate has always been a great concern for the people from all walks of life. There is no secret to the fact that buying or selling property is not a cakewalk and one needs to take lots of major and minor factors into account to successfully accomplish the deal. However, that doesn’t hold anyone back from investing in properties to meet their financial as well as family requirements.
As far as the worldwide real estate market is concerned, things seem to be going through a bad patch over the last few years or so and studies and reports are claiming that the demand for properties is going downwards. That’s true to a large extent but the picture is not just the same in everywhere. Take example of Scarborough, Toronto.
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Shopping at Eglinton Square Shopping Center is always a great experience for any visitor. Get all the latest and world class brands under one roof.
A number of world class shopping malls are present there around Canada and most of those malls provide advanced facilities in terms of shopping experience and entertainment to the customers. While some of those malls have been constructed recently, many of them were started decades ago and are still equally popular among the people. One of those malls is Eglinton Square Shopping Center. This mall started its journey around six decades ago and still is reckoned as one of the most happening destination for shopping in Ontario, Canada. About the mall This mall was constructed by the Oxford Properties and is owned by Kingsett Capital and Bentall Kennedy LP. In the year 1954, this mall was made open for the people of Ontario. It is located at 1 Eglinton Square, Eglinton Avenue east and Victoria Park Avenue in Scarborough. The retail area of this mall is 279,000sq.ft. And there are around 80 retail outlets including the biggies like Metro, The Bay, Shoppers Drug Mart, Toys “R” Us Express, Watts Restaurants and Bar etc. The responsibility of managing the mall has been given to Bentall Kennedy, one of the most successful real estate investment advisors in North America. They manage the interest of more than 550 institutional clients and investors. The location of the shopping center is excellent in terms of the population. It is located in a highly populated area with around 47000 households within its 3 kilometer radius. This shopping center is surrounded by homes, apartments, condominiums and attracts visitors from Toronto’s downtown as well. There is plan for the Eglinton Light Rail Transit within the next few years which will have stops at Victoria Park, east of the shopping center and Pharmacy avenue west of the shopping center. Guest Service This mall is well-equipped with all the advanced features along with convenient guest service. Visitors can find the guest service between Carmen’s unisex hair styling and Art of Shoe Repair and the services available there include information about the shopping center, complimentary wheelchair and rental walker, stroller on rent, first aid, enquiry about lost and found and battery cycling. Parenting washrooms are also available near the regular washrooms. And there is facility of high chairs as well. Stores in Eglinton Square More than 80 retail stores are there in this mall and all these stores are divided in 17 different categories which include beauty, books and stationery, department and major stores, electronics and media, financial service, food court, health and wellness, home and décor, men’s and family fashion, ladies fashion, shoes, bags and accessories, specialty stores and many more. And some of the biggest stores are 20/20 vision care, Bently, Carmen’s unisex hairstyling, coles book store, Fashionrama, FIDO, KFC, McDonald, GNC, H&R Block, Metro, Shoppers Drug Mart, Tim Horton’s, Virgin mobile, WIRELESS etc. New events are being organized in the shopping center at a regular interval in which visitors can take part and also there are many promotions offered by various stores. Hence, if you have not yet been there, you should visit the Eglinton Square Shopping Center right away. Rumi Realty Point is a local brokerage specialized in Scarborough real estate market. Rumi team of professionals offers end to end services for commercial, residential and real estate investment projects. The Scarborough district, Ontario is full of world class hotels. Get information about the best 3 hotels and their features and choose the best hotel for your stay.
Winter is on its way and it always comes with a refreshing festive ambiance in the atmosphere. This is the best time of the year to enjoy holidays with friends and families. People actually wait for this session to come so that they can set out to explore the world and nothing can be better than enjoying the nature and its spectacular creations at this time. So, what is going to be your holiday destination this year? If you prefer exploring different places and cities in the world then this year, you can take a tour of Scarborough, Ontario, Canada. The city is actually situated on the shore of Lake Ontario to the south which offers some really exotic places to be in and a great amount of visual pleasures through the natural scenic beauty. Here at Scarborough, you can discover some beautiful beaches, breathtaking coastlines and of course, one of the prime attractions – Scarborough Bluffs. It is found along the shore of Lake Ontario and is stretched about 14 kilometers with a height of more than 60 meters. However, when planning a tour of some unknown cities, it is wise to have some necessary details about the hotels and accommodations in the city so that you can enjoy the holidays to the fullest. Studying the necessary details about the hotels prior to the journey not only saves you money but, allows you more time to be spent on wondering the place and not searching for a suitable hotel to stay in. Here you will find some of the best hotels in Scarborough and brief details about those. Comfort Inn: If you are looking for the best value for living, this hotel is undoubtedly the best for all the tourists. This offers the most affordable accommodation with the best quality foods. The lobby is nicely decorated with easy-chairs in front of the fireplace. The free amenities here include hot and well-liked breakfast with a choice of apple-cinnamon waffles, eggs and sausages. The rooms are exclusive designed and decorated with flat screen TV, mini-fridge and microwave for additional convenience for the guests. If you want to enjoy best staying experience, walk in to Comfort Inn East, Scarborough. Holiday Inn Express, Toronto In terms of guest rating and recommendations by the tourists, Holiday Inn Express is definitely the pride of Scarborough that offers the best luxury at the most affordable rates. The lowest room price is certainly a fact of attraction and to offer even better convenience to the tourists and guests, it provides free hot breakfast, free parking and a free Wi-Fi room. The hotel is completely equipped with all the necessary things like, gym, pool, lobby etc. so that you find means to relax and refresh yourself. Intercontinental Toronto: If you want to enjoy the recent urbanization in Toronto then this hotel at midtown, Toronto should be your pick for a family holiday. You will come across the high-rises of Scarborough here and the hotel really offers some exclusivity that is unique only here. The amenities offered by the hotel include – pet’s accommodation, no-smoking hotels, pool, free fitness centre but Wi-Fi is a paid service here. Apart from these three best pick hotels at Scarborough, there are other beautiful hotels and places to stay in as well. Some of those offer convenient and suitable family accommodation as well. So, put on your travel shoes and get your bags packed! This winter, enjoy holidays with your family at the beautiful beaches of Scarborough. One of the most sought-after and attractive places to visit when you are in Scarborough, Ontario is Scarborough Bluffs. The naturally amazing and ecstatic view of the waterfront is a great place to hang-out and forgets the stress. The Scarborough district of Toronto is ornate with a number of naturally beautiful places and ‘The Bluffs’ or popularly known as Scarborough Bluffs is one of those wonders. This place has always been a great attraction to the visitors. And when you want to put behind all the crowd and noise of the city and escape to a secluded place, Scarborough Bluff is the ideal alternative for you. Scarborough Bluff The Bluff or what is popularly known as Bluffer’s Park is located at the base of Brimley Road. The most attracting part of this Bluff is the walking trail below the bluffs and this trail goes through a number of parks and some other naturally enriched places in between the cliffs. Bluffs are also described as the geological wonder. The Scarborough Bluffs form most of the eastern part of the Toronto’s waterfront. It is extended around 14 km alongside the Lake Ontario shore. At its peak, the Scarborough Bluff rises around 90 meters from the sea level. It was in the 1973, the wife of first lieutenant governor of Upper Canada, Elizabeth Simcoe named this bluff after Scarborough England. This reminded her about the beautiful limestone cliff of Scarborough, North Yorkshire. The beauty of Bluffer’s Park The erosion of the packed clay soil has formed this bluff and it has formed many interesting shapes in different areas of the bluffs especially in the western end of the Bluffer’s Park. The bluff used to appear in the Scarborough flag as well. It has now become one of the popular places to visit to the people of all ages in Toronto, Ontario. The options of amusement are present there in plenty which include walking trails, picnic tables, firepits, parking lot, Bluffers Restaurant and also a boating club. The highest peak of the bluff is equivalent to a 27-storey building. The escarpment runs between the Kingston Road and Queen’s street with a pause at Don Valley. Flip-side of the beauty However, one of the biggest issues associated with Scarborough Bluff is the rapid erosion. And this rate is increasing with time. In 1940 cottages were built at the edge of this bluff which resulted in a fall of a six-meter chunk off the bluffs in 1970s. Despite knowing the fact that the occurrence of erosion is natural, homeowners find it hard to resist them from the heavenly waterfront view and this leads them to settle down at the edge of the bluff. It has increased the housing boom alongside the bluffs. Parks in the Bluffs A number of parks are located alongside the bluffs while some of them are located on the top and others are at the base. Some of the parks include Bluffer’s Park, Cathedral Bluffs Park, Chesterton Shores, Crescentwood Park, Cudia Park, East Point Park, Guild Park and gardens, Harrison Properties, Rouge Beach Park, Scarborough Heights Park, South marine Drive Park, Port Union Waterfront park etc. Even though the present formation of the bluff is continuing to shrink rapidly with time but still the Scarborough Bluff has always been and certainly will be one of the key attractions of this district of Toronto, Ontario. The Scarborough Rapid Transit was certainly one of the most technologically advanced projects in Toronto, Ontario. SRT still has lot to offer to the people of Toronto. Scarborough RT (Rapid Transit) was opened on 24th March, 1984. It’s been more than 30 years that this transit system has been servicing the people of Toronto, Ontario. This is a six-station transit system connecting the eastern part of Bloor-Danforth subway to the Kennedy-Midland corridor and the visitors and shoppers at Scarborough Town center.
The Scarborough RT is a rapid transit line on the rapid transit system in Toronto, Ontario. This transit system is operated by the Toronto Transit Commission, popularly known as the TTC. The line is 6.4 km long and almost the entire line is above the ground. And in between there are six stations. Bridging the gaps Unlike the other subways where comparatively larger subway cars are used on the lines, the Scarborough RT lines consist of comparatively smaller and fully automated transport system with Intermediate Capacity Transit System Mark I. These vehicles were built by the Urban Transport Development Corporation (UTDC). These vehicles were powered by the liner induction motor like what is used by the Vancouver SkyTrain and the Detroit People Mover. While standard gauge tracks were used in these lines, in the rest of the Toronto Subway wider gauge. Whatever it is, the lines have been virtually unchanged ever since the opening of this transit in the year 1985. Among the six stations that it covers, there are two least used stations. The revitalization and expansion plan of this line has been in the debate for long by the Toronto Municipal Government. The Political Controversy However, the political uncertainties and the controversies regarding the Scarborough RT have been in the news since the 1970s. Questions regarding the cost-effectiveness, technology, existence of this line have always been there among the politicians. A number of politicians both from the municipal and provincial have come and gone with time but the debate has always been there in its own place. The debate was mostly centered with topics like how to design the cities and serve properly, who will be actually benefited out of this public transit and so on. And above all there was the matter of favoring the own by the politicians and obviously talking in support of the splashy infrastructure projects over the tested solutions. Issues with SRT There is very little doubt that the Scarborough RT served more people than buses could serve comfortably but it soon became a part of some kind of criticism as well. Some of the issues that became evident were change of the design in the halfway of the construction process, teething pains with the equipment, poor design and so on. This situation forces the TTC to go to the province and ask for another $27 million for the repair all those problems. Some of th4e major expenses mentioned in the list were $6 to 15 million for rebuilding the turning loop near the Kennedy station, $1.5 million, the cost of machinery to re-grind worn wheels, $5.9 million for the land cost, $1 million for restructuring the computer system and another 1.5 million for repairing other communication errors. This shopping mall was constructed by the Oxford Properties and is the sixth largest shopping mall in Canada. And fourth and third largest shopping mall in Ontario and Toronto consecutively. he second day of May, 1973 is quite a memorable day for all the people living in Canada since in that very day, Scarborough Town Center was made open for public. This shopping mall was constructed by the Oxford Properties and is the sixth largest shopping mall in Canada. And fourth and third largest shopping mall in Ontario and Toronto consecutively.
Description Some other shopping malls, constructed by Oxford in Canada include Square One Mississauga with 1.7 million sq. ft. retail place, Yorkdale Toronto with the same retail space, Galeries de la Capitale Quebec City with 1.5 million sq. ft. retail place etc. Major retailers present in the mall, in terms of the retail area are Hudson’s bay with 23,472 m2. Then there is Sears with 21,515 sq. m. of retail place. Though, between 2018 this mall may close if the lease is bought back by the mall owners. After that, there are Walmart Supercentre, Cineplex Cinemas, Dollarama, Old Navy and H & M. Some other popular retailer includes Jack Astor’s, Milestone’s, The GAP, American Eagle Outfitters. Interesting facts and figures Let’s have a look at some of the interesting facts about Scarborough Town Centre. The per square foot sales of this Town Centre is around $645 and annual CRU sales figure is $300 million. Number of stores present in the centre is more than 250 and total annual sale is $445 million. More than 22 million people visit the mall every year. The parking capacity is 5,796 stalls and the daily vehicle traffic count is 410,000. In normal occasion, visitors spend around 85 minutes in the mall. One of the key attraction of the mall is definitely the Player’s Coliseum with 12-screen theatre and capacity of 3,500 seats. Other than that, the centre offers a range of services including complimentary stroller, walkers, wheelchairs available at the Guest Service desk. Babysitting is also available at Kornelia’s Korner. Walk of Fame The walk of fame is another most attractive area of the Scarborough Town Centre. In the year 2006, 10 eminent person of Scarborough community were inducted in the walk of fame. The walk of fame stars are placed behind the main atrium and in front of H & M. The list of inductees includes, Dr. Lloyd N. Carlsen, the man who founded the burnt-unit. Educator Dr. R. H. King, NBA player Jamaal Magloire, Dr. Charles C. Macklin. Then there are artist Doris McCarthy, Lieutenant Governor of Ontario, The honorable David Onley, hockey player Vicky Sunohara, pioneer David Thompson, artist Wes Williams and last but not the least geriatric care entrepreneur Dr. Joseph Yu Kai Wong. Security and safety The security and safety system of the mall has always been tight and tough. Security coverage is available for 24 hours and 365 days a year. The STC security team is always discreet and careful regarding the rules and regulation of the center. They ensure always that each of the visitors abide by the system of the centre. The security centre is located near the #7 entrance. Finally, the largest shopping centre of east end of Toronto, located at Highway 401 and McCowan Road, the thriving two-level shopping mall attracts around 60,000 visitors on a daily basis. And is the gateway to brands like Victoria’s secret, Aritzia, Forever 21, lululemon, Sephora etc. Rumi Realty Point is a local brokerage specialized in Scarborough real estate market. Rumi team of professionals offers end to end services for commercial, residential and real estate investment projects. Despite having a marginal downfall in the worldwide real estate market, Scarborough, Toronto, is one of the areas that has been able to put up a great show. There are few factors about the place that are actually driving the growth of real estate market. Dealing with properties or real estate has always been a great concern for the people from all walks of life. There is no secret to the fact that buying or selling property is not a cakewalk and one needs to take lots of major and minor factors into account to successfully accomplish the deal. However, that doesn’t hold anyone back from investing in properties to meet their financial as well as family requirements.
As far as the worldwide real estate market is concerned, things seem to be going through a bad patch over the last few years or so and studies and reports are claiming that the demand for properties is going downwards. That’s true to a large extent but the picture is not just the same in everywhere. Take example of Scarborough, Toronto. Real estate overview in Toronto While the demand for buying or selling properties is on a rise, there’s been a comparative downfall in the demand for rental houses since the end of the last year. This clearly suggests that people are more interested in buying or selling properties rather than putting them up for rent. There must be reason for that! According to the studies by one of the largest brokerages in GTA, Re/Max Hallmark Realty Ltd, the average price of detached home in Toronto has crossed the $1 million range but the biggest profits are being made from the houses sold below the million dollar range. The part of the city that is leading in this rising game is Birchcliffe/Cliffside with a whopping 25.4 percent price hike in the home rate figuring $724,187 as of June compared to $577,567 in the last year. The next in the list is Cliffcrest/Scarborough Village/Guildwood with a percentage of 23.9 per cent. The rate which was $609,047 last year has risen to $754,437. The Rouge/Malvern area has experienced a growth of 19.2 percent. The property price has risen to $621,912 from $521,643. Apart from that, areas such as Parkdale, High Park and North York have also experienced substantial growth. Properties in Scarborough is in great demand The moderate and soothing climate can also be another good reason to help growing the real estate market of this place substantially. It is the home to an earthen cliff formation popularly known as Scarborough Bluffs. However the climate is modest because of its southerly location in the country and the proximity towards Lake Ontario. The summer is humid and warm and the winter is cold. However the condition varies significantly based on the proximity to the lake. Areas close to the lake are noticeably cooler in hot summer days as well. Last but not the least, the economical growth of Scarborough has also contributed to the recent advancement of the real estate industry in this place. Aside from these reasons, the availability of properties attracts the buyers by offering them the suppleness of choosing the right residential property as per their needs. More so, the lower interest rate and the political safety are also amongst factors that the buyers or even the sellers would like to ensure. Considering all these major and minor factors, this can be said that investing in properties in Scarborough is safer with great potential returns. Rumi Realty Point is a local brokerage specialized in Scarborough real estate market. Rumi team of professionals offers end to end services for commercial, residentialand real estate investment projects. |
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