Bazis has played an influential role in the transformation of Toronto’s landscape and skyline. It is our innovative architectural design, our signature style that has contributed to this and set us apart from other real estate developers.
Over the last decade, we have worked with renowned architect Rosario Varacalli to create inspired designs paying close attention to every detail, inside and out. Details that are distinctive, contemporary and classic and make a statement.
These innovative designs are apart of each one of our projects: The standout and luminous green glass towers of Emerald Park that punctuate the monochromatic skyline of North York. Two towers with distinctively flared tops that share a three-story podium which houses office and retail space.
A single tower, enveloped in faceted metallic ribbons that glitter against the cityscape is the distinctive 1 Yorkville. Incredibly luxurious details such as the rooftop theatre, spa and pool.
A unique tower made up of four cubes is perfectly juxtaposed with the design of the Royal Ontario Museum directly across from Exhibit. One of its most distinguishing features is a stunning urban outdoor oasis.
Modern beauty takes shape at Yonge and Eglinton with eCondos, the first building in Toronto to have a glass cantilevered pool lounge.
Crystal BLU, a statement of sophistication rises from a six-storey podium inset with awe-inspiring blue glass crystal that adds an extraordinary dimension to the city skyline.
These are some of the distinctive exterior details of our communities. Each unique residence, built with a clear vision of interior details marrying seamlessly with the exterior theme of the building. Functional living spaces with an open concept layout, each unit features luxurious interiors with signature designer finishes.
Some of the striking features that have become synonymous with the BAZIS signature style include high ceilings, expansive windows offering panoramic views; wrap around terraces; and European inspired kitchens with top of the line appliances.
In addition to these are the incredible amenities built-in to every one of our projects as well. Fitness galleries with yoga studios and lounges, sparkling indoor and outdoor pools, elegant entertainment rooms, rooftop gardens and beautiful lobbies.
Features and amenities such as these have all contributed to the signature BAZIS style.
As we near Canada’s 150th birthday, the red of our national flag may be shining a little brighter from blushing so hard as the world takes note of just home amazing Canada is.
For the second year in a row, our Home and Native Land took the #2 spot in the annual “Best Countries” survey conducted by the U.S. News & World Report, in conjunction with Young & Rubicam BAV Consulting and the Wharton School of the University of Pennsylvania.
The Great White North also led the pack with a #1 worldwide ranking in the “Quality of Life” category thanks to perfect marks in areas such as healthcare, politics and the economy.
To top it off, world renowned travel guide Lonely Planet also made Canada their #1 choice for travellers in 2017.
With so much recognition around the world, it’s not hard to see why so many people see Canada as a great place to live and invest.
From our stable politics and regulated banking industry to our spot on the global markets as a significant exporter of energy, minerals and food, Canada is seen as a safe haven to live, bank and invest in by buyers from abroad.
Here are a few of the reasons why Canada Continues to be a great place to invest in real estate:
Continued Increasing Real Estate Values
House prices rose by a record 2.2% across Canada in May, compared to April according to Teranet, with Toronto leading with a 3.6% increase.
This was the largest May gain in the index’s 19-year history, hitting another record high for the 16th month in a row.
Across Canada, prices were up 13.9% over May 2016, nearly reaching the record annual increase of 14.1% set back in September 2006.
Continued Low-Interest Rates
For the past decade, Canada has enjoyed a period of historically low-interest rates. And while the days of minus prime mortgages are gone, many Canadians are still enjoying low rates that have made investing in real estate that much easier.
Strong Rental Markets
As hot as Canada’s real estate market has been, the rental market has also continued to show strong legs.
According to the CMHC, a higher number of rental apartment units were occupied in in a year over year comparison “primarily due to much higher international migration to Canada and the continued ageing of the Canadian population”.
In fact, rental housing demand was up in most areas across Canada. Over the past year, demand for rentals in Ontario, in particular, grew with vacancy rates in Toronto around 1.5%, which was bolstered by higher immigration and fewer renters making the leap to homeownership.
Strong job growth across Canada and the desire to live in the GTA has also pushed rental prices to new heights. Recently, the Toronto rental market hit a new milestone as the rent on an average 700 square foot condo broke the $2,000 mark, and renters entering into bidding wars over high demand buildings.
With prices rising and affordability a factor in the sizzling GTA real estate market, condos and apartments are becoming more and more popular as alternatives to homeownership. This, in turn, is providing upwards pressure on rental rates as the demand for condos and rental apartments steadily increases.
You don’t have to be a sports fan to get sucked into the Olympics. We’ve been glued to our TV screens, Youtube, Twitter, and anywhere else we can catch a glimpse of the Olympics.
Because we’re so obsessed with the Olympics at the moment, we decided to take a look at what became of some Athletes’ Villages from past years. From dorms to mixed-use communities, most of the Villages continue to be used, often thanks to innovations in design and sustainability.
Calgary, 1988 Winter Olympic Games
When Calgary hosted the Winter Olympics over 25 years ago, five new buildings were constructed on the University of Calgary campus to house athletes from around the world. These buildings later became student residences.
The entire campus experienced a bit of a makeover thanks to the Olympics. The Olympic Oval continues to be used as a training centre for athletes from around the world, and the student union and Department of Kinesiology facilities also got a fresh new look.
Barcelona, 1992 Summer Olympic Games
The apartments that were used to house athletes and officials for the 1992 Summer Olympic Games in Barcelona were half sold before the games even started. The remaining apartments were sold over the next few years (albeit slowly due to the recession), with the last apartment sold in 1996. According to a study on the Village post-Games, many of the houses were bought by families with disabilities as the entire Village was created with accessibility in mind.
Sydney, 2000 Summer Olympic Games
For the 2000 Summer Olympic Games, Sydney built its Olympic Village in New South Wales, in the newly-transformed suburb of Newington. Similar to other Villages, the area was converted to hundreds of residential apartments after the Olympic and Paralympic Games.
More homes were built in the community after the Olympics and today Newington is completely occupied.
Like many Olympic Villages, this was built with a focus on sustainability. Solar panels grace the rooftops of every home in Newington to take advantage of the abundant sunshine. There’s also a dual water system in place, allowing for water to be cleaned and reused within the community.
Beijing, 2008 Summer Olympic Games
Beijing’s Olympic Village was built in the northern part of the city, a short distance from the Bird’s Nest stadium and the Water Cube. Thousands of guest rooms were built in 42 buildings in order to accommodate all the athletes and officials coming in from around the world.
The entire project was built to LEED Gold standards (a rarity in China), with a water-recycling system and the use of some solar-powered lighting.
The apartments were sold to the public, with some units sold before the games even began.
Vancouver, 2010 Winter Olympic Games
Vancouver’s Olympic Village is one of the greenest, keeping in line with Vancouver’s own personal city targets. The Village was designed to be Canada’s first LEED Gold community and a leader in energy efficiency with sustainable features like solar heating and green roofs.
The Village became a mixed-use, amenity-rich residential community, but things got complicated with the recession hitting just as construction was beginning. Vancouver was under some financial strain after the Olympics, but they are moving towards paying off the debt as they continue to sell the remaining condominiums. Deciding how to develop a few remaining parcels of empty land near the Village will be the next step.
London, 2012 Summer Olympic Games
Fresh in our minds is the London Summer Olympic Games – one of our favourites to date! The first residents of the now-refurbished Olympic Village started moving in in November 2013. Some of the rooms were converted into larger flats with as many as five bedrooms, some of which are owned with others available for rent on Get Living London.
New roads have been built, including Cheering Lane and Celebration Avenue. All of the new homes have also been built to the Code for Sustainable Homes Level 4, the highest level of energy efficiency for residential development.
Today, Yorkville is known for its upscale boutiques including Louis Vuitton, Prada and Gucci as well as for its luxury hotels such as the Four Seasons and the Park Hyatt. In addition, Yorkville is also home to Exhibit and Crystal Blu condominiums.
Back in the 1970’s however, the area was once home to a number of cinemas including University theatre.
The University Theatre was once the largest movie house in Canada and was also a centre for the Toronto International Film Festival. It was located on Bloor Street just west of Yonge Street and was one of Toronto’s premier cinemas.
Opened in 1949, the University Theatre was a single screen theatre that housed 1300 people and was a popular venue for cinema fans throughout the 1950’s all the way through to the 1970’s. However, as the 1980’s rolled around, multiplexes became more popular and single screen cinemas became less economic.
In 1981, Famous Players made the decision to demolish the theatre and in response, film enthusiasts and heritage groups waged a campaign to keep the cinema open. This delayed its closing for several years but it was eventually torn down in 1986. Today a Pottery Barn stands where the University theatre used to be.
As you probably already know, E Condos will have an underground connection to Eglinton Subway Station. This is just one of the many changes that Eglinton Station has seen over the years since it opened to the public back in 1954. Let’s take a look back at what it originally looked like in those days.
According to Transit Toronto, when Eglinton Station opened to the public, it was the Yonge subway’s gateway to the northern suburbs of Toronto. Several bus and trolley bus routes converged on this station, carrying passengers to and from the east, north and south, connecting to the subway at a large, multi-platform bus terminal. As you can see from the rendering and photos below, the South terminal housed a large number of buses and trolley buses for routes serving a wide area of the city.
In 1973, the north Yonge subway extension opened, moving the subway’s northern gateway to York Mills and then, in 1974, to Finch. The Yonge and Eglinton intersection grew rapidly along with these changes and office and residential towers quickly popped up and new shopping centres opened.
Out of all the twelve Yonge subway stations, Eglinton is the only one which has retained many of its original vitreous marble tiles.
It will be interesting to see what Eglinton Station will look like in 5 years when E Condos is complete. It will be even more interesting to see what it will look like in 30 years if the OneCity Transit plan sees the light of day.
Yonge and Eglinton will experience a dramatic transformation once E Condos takes up permanent residence at 8 Eglinton Avenue East in 2017. In many ways though, Yonge and Eglinton has always been a neighbourhood of transformation and a lot has changed at this intersection over the last 200 years.
Back in the 1930’s for example, the Toronto Dominion Bank used to sit at the northeast corner of Yonge and Eglinton.
The building now looks completely different from what it looked like in the 1930’s and Dominion Bank has been rebranded and is now called TD Canada Trust.
The bank will experience yet another makeover when it is incorporated into the design of E Condos. It will be one of the retail spaces that will occupy the ground floor of E Condos in 2017.
The southeast corner of Yonge and Eglinton has seen a lot of changes too. Back in the early 20th century, the intersection had several residential homes, some of which were converted into shops. The one in the photograph below for example, sold cigarettes, cigars and tobacco.
And of course, here’s what Yonge and Eglinton will look like in 2017.