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“#The next trend in luxury Canadian real estate? Multi-level ‘iceberg’ basements.” Wealthy homeowners are digging deep, building underground karaoke lounges and golf simulators to get around building restrictions (Illustration by Mike Ellis) In Hoggs Hollow, an upscale Toronto neighbourhood, people love their trees. In November, many lawns bore a sign reading, “Stop the Chop,” a…
“# Propy rallies 227% as real estate NFTs become reality and PRO lists at Coinbase ” Nonfungible tokens (NFTs) skyrocketed in popularity over the course of 2021 as the wider public became enthralled with projects like the Bored Ape Yacht Club and CryptoPunks, but these one-of-a-kind digital images are only scratching the surface of what…
“#Down payments are less affordable than ever–unless you have generational wealth” Thirty-four-year-old Brooke Sanchez picks up her one- and two-year-old daughters Cali and Capri from daycare at 5:30 p.m. every weekday and drives home to the four-bedroom house in Vaughan, Ont., that she shares with her husband, Luis, her sister Brenna and her friend Tracey….
“#Crypto, remote work set to fuel luxury house boom: report” Remote work and a surge of wealth created by cryptocurrency are fueling demand for luxury homes, according to a report. The luxury real estate boom is being made possible thanks to low interest rates, record-high levels of inflation, and fat bonuses, according to a report…
“#Inside the $11.5M home Jessica Simpson risked to save brand” Jessica Simpson wanted her billion-dollar fashion brand back, and she once considered “borrowing against her homes,” to do it. In a lengthy interview with Bloomberg Businessweek, the business mogul revealed the desperate measures she took to salvage her fashion empire. “Even if I have to…
“# Hong Kong real estate giant leads $90M raise for crypto bank Sygnum ” Sun Hung Kai, one of the largest property developers in Hong Kong, continues betting on the cryptocurrency industry by investing in Swiss crypto outfit Sygnum. Sygnum officially announced Thursday that it closed a $90 million Series B round led by Sun…
“# Why Kevin O’Leary thinks NFTs could become bigger than Bitcoin ” Millionaire investor and crypto proponent Kevin O’Leary thinks that the NFT sector could be worth more than Bitcoin in the future. Speaking with CNBC’s Capital Connection on Jan. 5, O’Leary — also known as Mr. Wonderful — argued that NFTs provide a greater…
“# Coinbase CEO reportedly buys LA mansion for $133M ” Brian Armstrong, CEO of Coinbase — the largest cryptocurrency exchange in the United States — reportedly made a multi-million-dollar real estate purchase at the end of 2021. Armstrong bought a $133-million Los Angeles property from Japanese entrepreneur Hideki Tomita in December, The Wall Street Journal…
“#NYC developers poised — but hesitant — to break ground on slew of projects” A whole new Manhattan skyline will emerge when a dozen-odd planned new projects that have yet to break ground hoist their final I-beams. The big question is: Which, if any, of them will actually start construction in 2022? A glance at the…
“#NYC can get creative with uses for empty office space” What would we do with a half-billion square feet of Manhattan office space if most of it remains empty? It’s the loaded question about the city’s future that not even our brightest, most optimistic minds want to touch. We’ve been told that office buildings won’t…