News for Toronto furnished aparmtments

The Toronto International Film Festival begins today. The Festival runs from September 6 to September 15,2007.

Call it home town bravado, but The Toronto Star reports the Toronto Film Festival rivalling the prestige and importance of Cannes.

During the ten days of the Toronto Film Festival, the city bursts with an influx of celebrities, movie executives, and ofcourse film fans.

The film festival is one of three annual events in Toronto that places the hotel accomodations industry at or close to capacity, the others include the Toronto Gay Pride Parade/Pride Week in June and Caribanain July.

For more information about the Toronto International Film Festival:

Official Site

Wikipedia

CIBC World Markets economists have forecasted that the Canadian dollar will be at par with the US dollar by the end of the year, reports the Canadian Press (CP).

The Canadian dollar has hit a 30 year high versus the American dollar, with the current exchange rate hovering at $.09448. The last time the Canadian dollar was worth as much as the US dollar was back in November, 1976.

While the stronger dollar benefits the purchasing power of Canadian consumers, tourism (from the US) and the manufacturing sector are struggling with the weaker US currency.

The NBA Toronto Raptors have won their first Divisional title, after defeating Orlando coupled with a New Jersey loss to Chicago.

The Raptors currently have the 3rd of 8 seeds for the Eastern Conference playoffs. If they can maintain their position for the remaining six games they will have home court advantage for the first playoff round against the 6th seed team, currently an injured plagued Washington team.

The rapid rise of the the Raptors after many dismal and embarrassing seasons was not expected. The hopes for most fans was to improve on last seasons 27 wins, and hopefully sneak into the playoffs. The current situation is better than the best case scenario that most fans could have realistically anticipated.

With great success, comes great expectations. The complete retooling and change of atmosphere and structure of the organization has many fans now expecting a perennial contending team.

And with Toronto Maple Leafs struggling to make the playoffs, the Toronto Raptors hope to make in roads in capturing the hearts and minds, and a larger fan base in a hockey mad town.

Our list of furnished apartment companies in Toronto has grown to 50 companies. Follow the link to
-> 50 Furnished Apartment Companies in Toronto.

TheFurnishedStay is not only a provider of furnished apartments, but we also aim to be the most informative source of information for furnished apartments in Toronto, even if that means providing information about our competitors.

We encourage customers to compare prices, services, and websites to make informed consumer decicisions.

Our list of 50 furnished apartment providers contains a broad spectrum of companies: From large conglomerates, to condo/hotel operators, to bed and breakfasts and to small husband and wife operations.

The product and price range of furnished accommodations vary greatly as well. Prices can range from several hundred dollars a night to as low as $60 dollars a night. Accommodations on the high should be centrally located in a quality condo building or condo/hotel, furnished with comfortable furnishings with first class service, while accomodations on the lower end may be located in secondary areas and have lesser ammenities.

These are generalizations of course, as there are always bargains and rip-offs. Be sure to shop and compare. To get an idea of what to expect you can read our article : 100 Items to expect in a furnished apartment.

Developer Basiz International which has acquired the one-acre property on the south-east corner of Yonge and Bloor, will be unveiling plans to build an 80 story mixed condominium/hotel tower with a retail podium in the upcoming weeks. The planned 80 story building would be the countries tallest residential building.

» Read More

Our latest video, described as one of the shortest ferry rides in the world, shows the ferry ride from the waterfront of downtown Toronto to the Toronto City Centre Airpot (also known as the Toronto Island Airport). The ferry rides takes just over a minute long!

Currently, Porter Airlines flies out of the Toronto City Centre Airport to Ottawa and Montreal.

Special thanks our videographer, Sam W!

A new photo update! 30 new photos across downtown Toronto.

Taken by our very own photographers.

Click here

Cick here for Photos of Toronto Raptors vs Los Angeles Lakers Photos


As huge NBA basketball fans, we took our camera to the Toronto Raptors game vs the Los Angeles Lakers today at the Air Canada Centre.

The Toronto Raptors have suffered some very tough times over the past few years, but have turned it around in the 2006/2007 season with the arrival of former Pheonix Suns General Manager, Bryan Colangelo.

Colangelo, former NBA Executive of the Year who built the Pheonix Suns into the NBA's most exciting team and a perennial championship contender, re-constructed the Raptors organization in the off season.

One of his first moves was to hire European basketball mind Maurizio Gherardini as Raptors VP & Assistant GM. Gherardini was the general manager of Italy’s Benetton Treviso, where among many of his accolades, won 4 European Cups, 7 Italian Cups and crafted a scouting system that was the envy in Europe.

Colangelo followed the European influence by drafting Andrea Bargnani number 1 overall in the NBA draft. The seven foot Italian played under Gherardini with Benetton.

A total of nine new players were added in the off season - Bargnani (Europe), Anthony Parker (Europe), Uros Slokar(Europe), Jorge Garbajosa (Europe)Fred Jones, Kris Humphries, PJ Tucker, TJ Ford, and Rasho Nesterovic.

With all the turnover and the teams history of mismanagement (which culminated in the trade of Vince Carter for neglible players), many of the experts were not expecting much from the Toronto Raptors this year.

However, the Raptors lead the Atlantic Division with a 27-23 record, and currently hold down the 4th out of 8 playoff spots in the Eastern Conference.

Toronto basketball fans are buzzing with excitement at the prospect of playoff basketball once again in Toronto.

Yonge Street Lights up


At TheFurnishedStay.com, one of our passions is to present to you a sense of the urban fabric of downtown Toronto.

This night video we took on January 19,2007 is of the new lights on the Arcade Building (137 Yonge Street), located on the east side of Yonge Street where Temeperance Street ends.

The lights were ironically added around December 2006, during the
Cavalcade of Lights, a holiday tradition that dates back 40 years.

The long vertical bars of lights, change colours and patterns, lighting and livening up what once was a dark and quiet section of Yonge Street.

The addition of lights on the Arcade building is quite dramatic for Toronto. It's something that really has not been seen in the city: large displays of light serving only as a function of loud, peacocking decoration.

Some see it as a waste of energy and some see it as "tacky", and some see it as the next step for the growth of Yonge Street, and downtown Toronto.

The illumination of Yonge Street as a tunnel of light which turns night to day, began some time ago, as bright LCD screens, side building flood lights and back and front lit advertising banners, started to appear one by one along Yonge Street from Gerrard to Adelaide.

The upcoming arrival of Metropolis, Toronto's version on Times Square, aims to be the beacon of all lights, for the Yonge Street strip.

Renting a furnished apartment should come with as much certainty as possible.

Like a hotel, many corporate accommodation bookings are completed suite unseen, where the consumer makes a financial commitment, without seeing the final product.

» Read More

Canada's unemployment rate has hit a 30 year low, falling to 6.1%, according to the Canadian Press.

It was the 14th consecutive year of job growth. Year 2006 created 345,000 new positions.

For the month of December, Toronto's jobless rate fell from 6.9% to 6.7%. Calgary lead all Canadian cities with a 2.6% unemployment rate in December.

Canada's economy continues to boom.

Porter Airlines have begun flights to Montreal from Toronto's Island Airport, also known as the Toronto City Centre Airport (TCCA).

Montreal is the second destination from the Toronto Island Airport. Porter began flights to Ottawa in October 2006.

Porter currently flies 10 daily flights to Ottawa and 4 daily flights to Montreal, and hope to expand to 9 daily flights to Montreal with the arrival of Porters' fourth plane on January 8, 2007.

The Globe and Mail today reports that the Toronto Trump Hotel & Condominium has announced a construction start date of Spring 2007.

The 70 story hotel and condominium, with 291 hotel suites and 147 condo units, will be the tallest residential building in Canada. The hotel will operate a similar investing plan as One King West, with owners able to rent out their fully furnished units into the hotel rental program.



The Globe quotes Barry Landsberg, Toronto director of marketing for Trump International saying "There's no turning back".

The Trump announcement comes on the heels of some key developments within the core:

• the completed deconstruction of the Bay Adelaide Centre to make way for a large new multi tower office complex. The Bay Adelaide Centre is located directly across the street from the Trump Hotel and Condo site.


• the ground breaking of the Ritz Carlton Hotel/Condominium the entertainment district


• the construction of a sales office for the Four Seasons hotel in Yorkville


• the completion of the skeletal body of the Metropolis shopping complex in Dundas Square.

Back in May 2006, in our Article Toronto 2010: Part 1, Hospitality and Hotels, we mentioned at the time that many of the proposed five star hotels were not sure things.

Half a year later, three of the four hotels have made significant progress and are on track to open in 2010, with only one, Shangri-La, still in the proposal phase.

Porter Airlines, the upstart airline flying out of the downtown Toronto Island airport, is considering New York as a possible flying destination as early as Spring of 2007, reports the National Post.

Porter Airlines, which started running flights from Toronto to Ottawa in October 2006, plan to add Montreal as a destination in December 2006.

Porter Airlines is relying heavily on travellers who require quick commutes from the downtown Toronto core. Traditionally, travellers located in downtown Toronto have to travel to Mississauga (a suburb of Toronto) which can cost approximately $50 including tip for a taxi ride, and can take anywhere from 20 minutes to more than an hour depending on traffic. Traffic going in and out of the downtown core can be unpredictable based on the time of day, as well as weather and accidents.

However, residences who live along the Lake Ontario waterfront condominiums and environmental activist groups oppose the idea of airport expansion.

Downtown Toronto surface parking lots are quickly becoming extinct.

Developers are proposing a 29 story residential condominium tower in Old Town Toronto at 406 Adelaide Street East. The proposed tower, to be built on an existing parking lot, will join several condos in the area including, Kings Court, Mozo, Liberty Lofts, 80 Sherbourne, 383 Adelaide Street East and 313 Richmond Street East and will add to the new stock of condos in development (East Lofts, 288 King and Rezen).

» Read More

Sobeys Inc (TSE:SBY) will be opening up a new grocery store in Old Town Toronto at the south-west corner of Front Street East and Princess Street.

We contacted Sobeys Ontario Customer Care Manager, Claudette Levesque, who informed us that the projected target date for the store opening is late spring 2007.

» Read More

The infamous Bay Adelaide Centre "stump", a symbol of stagnation in downtown Toronto, is near complete deconstruction.

On November 11, 2006, coincidentally Remeberance Day in Canada, we took our camera and video to the site to witness some of the last pieces of the Bay Adelaide Stump coming down.

For photos, click Bay Adelaide Deconstruction Photo Gallery

» Read More

Incumbent Mayor of Toronto David Miller has won re-election. Miller defeated challenger Jane Pitfield by 57% of the vote to 32%.

Miller was first elected into the Mayoral office in 2003, and will now serve for a four year term through to 2010.

We've added 60 photos to our photo album! Check it our in November 6,2006 Photo Update album.

Our resident photographer continually expores the urban fabric of downtown Toronto.

Our latest update of photos were taken over the last few months throughout the St Lawrence Market, Old Town Toronto, Corktown, Dundas Square and Eaton Centre. We've also taken a lot of photos of new construction sites across Toronto.

Based on your comments, we've created a new album to seperate new photos from our existing albums to make it easier to find. When a new photo update is provided, we will integrate photos in the albums based on their location (St Lawrence Market, Financial District, Yorkville, Dundas Square and New Construction).

Take a look and expore downtown Toronto!

Concord Adex, developer of CityPlace in downtown Toronto, has purchased 16 hectares of land from Canadian Tire for $149.7 million.

The land which was previously owned by Canadian automotive and hardware retailer Canadian Tire, is located by Leslie St and Sheppard Avenue beside highway 401 in North York, a suburb of Toronto, but still considered part of the GTA (Greater Toronto Area).

Concord Adex plans to develop 20 residential condominium towers, making it one of the largest condominium developments in Canada and the will be the largest in Greater Toronto Area.

Cityplace, located by the former rail lands beside Toronto's CN Tower, is currently the largest condominium development in downtown Toronto.

For more information:
Bloomberg
Reuters
Toronto Star

After much controversy, the first flight from new carrier Porter Airlines departed from the Toronto Island Airport to Ottawa this morning at 7:00AM.

The Toronto Island Aiport, also known as the Toronto Centre City Airport is located on an island minutes away from the downtown core.

Its proponents point to the convenience of the location of the airport. The island airport saves downtown central business commuters time and hassles versus the congested, and suburban located Pearson International Airport, which is the main airport of Toronto.

Its opponents point to the environmental impact, noise, and safety issues with having an airport so close to the waterfront of downtown.

In a recent mayoral election, David Miller campaigned against the airport, specifically against the creation of a fixed link from the island to the mainland. David Miller won partly on his opposition against the airport.

More about the history of the Toronto City Centre Airport from Wiki.

News Releases..

Globe and Mail

Ottawa Citizen

Toronto Star

Will Toronto Film Studios be redeveloped into a Wal-Mart bigbox super store? The first of it's kind in the core of Toronto?

According to the Toronto Star, that is what soon could happen if developer Mitch Goldar has his way.

Toronto Film Studios is located in the heart of the studio district in downtown Toronto, minutes away from the Don Valley Parkway (the major north-south highway servicing downtown Toronto to the northern suburbs).

Last year, Toronto Film Studios, the largest film studio in Toronto, won a bid to build a mega studio called the Filmport on derilict and contaminated port lands, located lakeside in east downtown Toronto.

When the Filmport is completed, Toronto Film Studios will leave behind 7.4 hectares of prime industrial land ideally located in downtown Toronto.

Mitch Goldar who first brought Walmart to Canada has recently purchased a 50% stake in the "old" Toronto Film Studios land, hoping to re-develop it into a superstore with mixed residental when Toronto Film Studios vacates the property.

Today's online travel section of CNN posted a nice article about tourism in Toronto.

Included in the article is a suggested 3 day itinerary of Toronto which highlights some of Toronto's most famous tourist attractions, including the CN Tower and the Toronto Islands.

The article has a lot of complimentary things to say about Toronto: the United Nations proclaiming Toronto to be the world's most multicultual city and mentioning Toronto to be a "supremely walkable city".

We love Toronto and we make every effort to promote it, but it is always nice to hear about our city from others as well, especially when it is linked off the front page of CNN.

Canada recorded it's ninth straight budget surplus, the only G8 nation to currently to do so, with a budget surplus of $13.2 billion for fiscal year 2005/2006.

The budget surpluses started with the Liberal government nine years ago. The Conservatives took power in 2006, and aim to continue fiscal responsibility. However, the Conversatives hope to cut high taxes and forecast budgets that are closer to the bottom line.

Canada's federal debt is now at $481.5 billion (from $494.7 billion in 2005), 35.1% of the gross domestic product, its lowest ratio since 1981-82, the government said.

Toronto's residential market for newly built condominiums is tops in North America. According to the Toronto Star, the most recent figures for the year 2005, shows Toronto sold over 17,000 new condos. Toronto is outpacing Miami (7,500), Chicago (6,800), and New York (6,450).

Residential condominiums are the back bone of the furnished rental market in Toronto. The majority of buildings in the furnished rental market comes from residential condominiums. (Note that in Canada, the term condominium is exclusively used to define a building where uints in a high rise building are owned by a buyer, and an apartment is almost exclsively used to define a rental high rise building with one building owner).

Unlike the previous 3 parts of this series (Hospitality/Hotels, Arts and Entertainment, Office and Retail ) we will not profile specific properties for there are far too many. (Click here for a list of downtown Toronto condominiums in various stages of development).

Rather, we will discuss some of the various factors: low interest rates, a booming national and local economy, aggressive immigration and population growth, value, available land, and foreign investment, which makes Toronto current condomium market growth #1 in North America.

» Read More

The 128 year old Canadian National Exhibition is now open.

The Ex, as it is commonly referred to, is Canada's largest annual fair, and fifth largest in North America. It attracts an average of 1.3 million visitors per year, during the 18 days it is open. The Ex offers amusement rides, games, food galore, arts and crafts, exhibitions and shows. For a detailed schedule of events at the Ex, click here.

The Ex is located in downtown Toronto, by Lakeshore Boulevard, close to the shores of Lake Ontario.

For public transit you can get the the Ex by the following:

TTC
From Union Subway Station: take the 509 Harbourfront Streetcar West
From Bathurst Subway Station: take the 511 Bathurst Streetcar South
From Dufferin Subway Station: take the 29 Dufferin Bus South
From Dundas West Subway Station: take the 193 Exhibition Rocket

By Car, take the Toronto bound Queen Elizabeth Way or Lakeshore Boulevard and follow the signs to the CNE/Exhibition Place.

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And that's it! You are now up to date with TheFurnishedStay.com and the Toronto furnished apartment rental market!

The layout of our front page has changed! With the help of our designers, we've added more content to our front page to make it easier to see what's going on at TheFurnishedStay.com.

We hope you like it, and stay tuned for our continued upgrades.

the Maven

We've added a map of 25 downtown Toronto hotels to our website. Click here to see the map.

This is the map of the locations from our Downtown Toronto hotel list that we added to our website last week.

Although our primary focus of our website is to provide information about furnished apartments and short and long term corporate accommodations, many times travellers choose hotels instead. Many hotels as well try to cater to the furnished rental market by providing discounts for extended stays (usually for periods over a month).

We recommend that you compare the prices and services between both products, furnished rentals and hotels.

You will generally find cheaper prices and more home like features (i.e. kitchen, washer and dryer) with a furnished apartment than you will with a hotel, and if you have had to stay away on a temporary basis away from home before, you will know how quickly such things can make a big difference.

-Maven

We've added a new report of our Toronto Furnished Rental Company List that adds a description of the company. Click here to check it out.

Don't fret! The previous one page table summary view is still here, and will be maintained as well.

More upates to come!

-Maven

We have added a new list to our website, the Downtown Toronto Hotel List.

One of our central themes to our website is that sometimes too much information can be both confusing and time consuming when seeking accommodations. There are many lists and directories of hotels for Toronto on the web, that do a great job of listing all the hotels in Toronto, however, if you aren't from Toronto, or do not know much about the city, staying in Mississauga or Thornhill (suburbs on Toronto which require car commutes) is much different than staying in the city.

Our Downtown Toronto Hotel List focuses only on these hotels that are with in the downtown city core. The hotels on our list are located in or close to one of the following central downtown Toronto districts: Financial District, Entertainment District, Yorkville, St Lawrence, Eaton Centre/Dundas Square.

We look to expand our Downtown Toronto Hotel List to add more details and features. Stay tuned!

In Part III of Toronto 2010: The city in 3.5 years, we examine the changes that will occur in the and office and retail sectors.

The last major attempt at expanding the commercial/office sector of downtown Toronto failed with the 1989 crash of the real estate market. It was then, a prime piece of land located in the heart of the financial district at Bay and Adelaide was under construction for a major 50 story office tower. What remains on the land is a 12 story block of cement, the foundation of an elevator shaft which was all that was completed.




Eerily, the incomplete structure looks like a gigantic tombstone and for the longest time the site symbolized the Toronto commercial market, a graveyard. Many believed that Toronto could not sustain another major office tower, in other words, the commercial base had peaked. Some even called it a jinx, as several attempts in the late 90's to resurrect the project failed.

A few years ago Toronto finally got back to the same real estate prices of 1989. The residential market in Toronto has been healthy for a long while now, but it is only until recently that the commerical market has woken up from its nightmare.

» Read More

The Lakeshore streets of Toronto and the grounds of Exhibition will be taken over this weekend (July 7-9,2006) by the Molson Grand Prix of Toronto. During the three day event, the engine roars of speeding cars can be heard throughout most of the southern regions of downtown Toronto.

Previously known as the Molson Indy, the Molson Grand Prix is a three day CHAMP Car (formerly CART, and previous to that formerly INDYCAR) racing event which brings in over 150 000 spectators, and is one of the most popular and successful road courses on the CHAMP car circuit.

Check out the numerous festivities around the event, with race qualifying on Friday and Saturday, and race day Sunday. And don't forget to bring your ear plugs and sun tan lotion.

For more information, visit the official website: Molson Grand Prix Toronto.

On May 27,2006 we took a walk in downtown Toronto in the area around Dundas Square and Eaton Centre. We also ventured off to the City Hall, Old City Hall, Canon Theatre, Winter Garden and Elign Theatre and the National Ballet School of Canada.

May 27 and 28,2006 was Doors Open in Toronto, an annual weekend event which allows visitors free access to architecturally and/or culturally significant properties that are either not usually open to the public.

Click here to see the photos.

In Part II of Toronto 2010: The city in 3.5 years, we examine the changes to the Arts and Entertainment facilities of Toronto.

So let's face it, Toronto does not have a global reputation as being a leader or centre for the Arts as say New York, Paris or London. Toronto's contribution to the field of Arts and Entertainment goes largely unnoticed. However, when we take a closer look at some of the recent and upcoming contributions, Toronto is a lot closer than you may think.

» Read More

This article presents a quick guide/introduction to discovering architecture of Toronto. (Part II of Toronto 2010 will be coming shortly!) Doors Open Toronto Quoting directly from the doorsopen.org website: "Doors Open Toronto is an annual weekend event coordinated by the City of Toronto Culture Division. The program allows visitors free access to architecturally and/or culturally significant properties that are either not usually open to the public, or would normally charge an entrance fee. Many locations have organized guided tours, displays and activities to enrich the visitor experience. Buildings are selected based on a number of criteria developed by the City's Culture Division. The roster of buildings reflects Toronto's built heritage and cultural diversity, ranging from War of 1812-era structures to a modern mosque and environmentally progressive 'green' buildings. Our dedicated team of volunteers will be happy to assist you at all locations."

To read noted architect Christopher Hume on Doors Open, click here

Doors Open covers 144 buildings, and happens next weekend on Saturday, May 27 and Sunday, May 28.

» Read More

Just yesterday the world was in an anxious state in anticipation of Y2K and now in just three and a half years we will be hitting the year 2010. And during that time Toronto has been changing from a city hidden in a cocoon to its maturity into a butterfly. A transformation has started. Over the past seven years, Canada is the only G7 nation to run seven consecutive surplus budgets, and is the only G7 nation to run a surplus in 2004 (Source). And Toronto as its financial capital has reaped the benefits of this economic boom. The city is growing and becoming denser. The city is undergoing an architectural renaissance not seen in 50 years. Derelict downtown lands are becoming commmunities (i.e. King West/Liberty Village), parking lots are being converted to towers, and the city is planning for bigger and better things.

This is the first of a four part series examining what the city has planned for the year 2010. In particular we focus on the transformation that has started in the Hospitality/Hotel, Arts & Entertainment, Office/Retail and residential sectors of downtown Toronto.

» Read More

The Toronto Waterfront Revitalization Corporation (TWRC) announced yesterday the five finalists in a design competition to re-design Toronto's Central waterfront.

The finalist will be chosen on May 31, in just a little over two weeks time.

The long neglected land stretching 3.5 kilometres along the shores of Lake Ontario brims with potential that as of yet has not been realized.

Swathes of waterfront land remain underdeveloped with little pedestrian traffic, commercial storefronts or much else that make the waterfront a destination of choice (the few exceptions being the Island Ferries and Queens Quay).

Another challenge is the seperation of the waterfront from the core of the city by the Gardiner Expressway. Pedestrians must pass underneath a highway and across the wide busy Lakeshore Blvd to get to the waterfront.

Despite all this, Toronto still manages to be a beautiful city filled with multiculturalism, a thriving theatre district and entertainment district, international cuisine, and a cleanliness that most cities cannot compare to.

Just imagine if the city does embrace an intimate relationship with its waterfront. Imagine if the city decides to harness the potential,beauty and fortune to be nestled beside one of the Great Lakes. Imagine what the city would be like then.

Imagine like this:


"..a series of 100-metre-tall weather masts that sway in the water and change colour with the weather.. "
-by P.O.R.T. (Project On Revitalizing Toronto)

» Read More

Zipcar announced today that they have begun offering their car share program in Toronto. To read the press release, click here. National Post Article, click here.

This is great news for Toronto! Toronto now has two choices for car share programs, Autoshare.ca and Zipcar.com.

I rode the Zipcar service dozens of times in Boston while there on assignment, and can personally testify that it provides tremendous convenience.

» Read More

The first post!

Welcome to TheFurnishedStay.com, the online source of information for the furnished rental market in downtown Toronto. In this section of our website, we post current articles related to Toronto, opinions about Toronto and updates to our website.

It has taked about a year to develop the concept, design, research and data for TheFurnishedStay.com. We hope that it brings use to you!

The Concept
We found that the furnished rental market in almost all major cities, are not very well served by the internet.

» Read More