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The double-latte rule

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When they bought their $1.4 million house in Leaside, David and Jennie avoided a bidding war but they couldn’t get around Rob Ford. “Shock and awe is putting it mildly,” Jen told me. “Coming here from Vancouver, we were used to insane prices, but we have never encountered anything like this.”

“This” was a land transfer tax (LTT) bill a few bucks shy of $50,000, thanks to Toronto being the only place in the country where buyers shell out twice. In fact, the two LTTs (some urbane realtors call it the “double latte”) was cited days ago by the Toronto Real Estate Board (TREB) as a material factor in slowing sales and ballooning listings. Of course, this is enough money to buy a Kawarthas fixer-upper cottage.

Why would TREB finger a four-year-old levy as a sales killer now? Because it’s convenient and shifts the reality of a changing market onto external factors: like a greedy city run by nimrods who can’t balance the books, instead of the real villain, which is price. The average sales price of a property in the GTA is now $516,787. But strip out the 905, and it becomes $568,678. Now lose the savings-less, HGTV-watching, condo-snapping property virgins, and we get a single-family home  (SFH) average of $820,816. Focus that a little more on the ’hood Dave and Jen just adopted, and it jumps just past a million. Move up the road a few clicks, and it doubles.

Sales in Vancouver have recently dropped by 23 per cent; listings have flooded higher; and the average SFH shed more than $100K. It’s the start of what many now see as a 30 to 40 per cent correction in prices.

Is this the fate that waits us? After all, the number of properties for sale swelled like an excited gland in May, adding 20 per cent. At the same time, sales stalled, despite the 11 per cent gain TREB claimed, since almost 20 per cent were condos, and 80 per cent of those pre-sales (future contracts instead of actual transactions).

TREB’s numbers guy admits, “If new listings continue to grow at the pace they did in May for the remainder of 2012, the annual rate of price growth should begin to moderate on a sustained basis.” Add that to a new warning from TD that Toronto houses are 15 per cent overvalued and the constant media refrain now about dangerous valuations, and you have a perfect storm to scare away nice people like David and Jennie willing to move here and subsidize $100,000 TTC fare collectors.

So should they now worry about their property value? Hardly, say the realtors. “Sure, things have calmed down,” admits North Toronto veteran realtor George Klump, “but this happens every summer.… It’s all going to begin again in September.” Almost. There is one major qualifier, Toronto’s insane condo fetish. No other city has 325 new condo projects, 173 residential towers under construction, 53,000 new units in the pipeline, 15,000 built but vacant units, or buyers who are 80 per cent speculators and flippers.

This is the smoking gun. A collapse here could ruin everybody’s Thanksgiving.

Post City Magazines’ real estate columnist, Garth Turner, is a financial author, investment advisor and former MP. His daily blog is greaterfool.ca.

Residents and town locked in land ownership dispute

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The Town of Richmond Hill may take back lands it formally owns from residents who have been using them for over 30 years as a condo car park.

Residents of York Condominium Corporation 126 at 189 Springhead Gardens have been using and maintaining a small site bordering Baif Park as a parking space and excess snow storage area since 1979, when the corporation entered a 10-year lease on the land with the town.

The lease for the 220-square-metre lot officially expired 23 years ago, but it was not until recently that town staff realized the area is technically part of Baif. At the recommendation of town staff, the site may be reclaimed.

Lorri Bates, president of the condo’s board of directors, wrote in a letter to council on April 13 that, if the corporation had known the lease had expired, it would have renewed it. She also wrote the corporation paid approximately $70,000 to repave the lot last year.

She considers the lot integral to the community, not only because of the residents’ dependency on it for parking, but because the nearest available street parking is already being fully utilized by others.

“If we lose it, I really don’t know what’s going to happen,” said Bates. “We can’t be parking on the street, and I’m certain our neighbours wouldn’t want us parking in front of their houses.”

The matter was brought before council in a meeting May 28, where councillors struck down three motions for the corporation to buy or continue leasing the land.

“We know we’re not going to be able to purchase it, because council doesn’t want to set a precedent, and I totally understand that,” said Bates, “but what we would like to do is certainly have them reconsider a new lease.”

Coun. Godwin Chan and local and regional councillors Brenda Hogg and Vito Spatafora voted to keep the land under the town’s ownership. They could not be contacted by press time for details.

The issue will be considered yet again on Sept. 4, 2012.

Iconic restaurant not budging for developers

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With the massive World on Yonge development building up across the street, a small family restaurant is determined to stick around. Frank Doria Jr., one family member who runs Golden Star Restaurant at Yonge Street and Meadowview Avenue, said the family is being approached constantly by potential buyers. According to a real estate expert, area land values are being driven to unprecedented heights as the city extends its transit lines there. But Doria laughs off the idea of “selling out.”

“We’ve got our children working here, too — third generation,” he said. “It’s hard to get rid of something like that, that’s been part of us for 47 years.”

Sam Chaim, a local Re/Max sales representative, told of a similar situation to Golden Star’s, wherein a different Toronto landlord may have waited too long. “We’ve had a complex of high-rises built around this tiny holdout landlord,” he said. “In essence, it now has put him in a position where nothing could be done with that land.” Doria said there may be some extreme circumstances in which the family would consider selling off the restaurant, but until then, he said the family is “quite happy flipping burgers” for their neighbours.

Owen Public School employee accused of sexual assault

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The Toronto Police Service recently arrested an employee at Owen Public School, located in the Bayview Avenue and York Mills Road area, in connection with a sexual assault investigation.

According to a news release, the investigation spanned from October 2011 to June 2012. On June 6, 2012, police reported responding to a “suspicious incident” call.

The suspect, a 56-year-old Aurora male, allegedly sexually assaulted two girls while working at the school as a special needs assistant.

On June 21, 2012, the accused was charged with two counts of sexual assault and two counts of sexual interference.

He was expected to make a court appearance late last month.

Police are appealing to anyone who might have more information in regard to this case to come forward.

It is believed that there are more victims.

What I Wore: a quirky tank top from Correll Correll, perfect for not-too-hot summer days

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There are certain items in fashion that make you wonder what the designer was thinking. Was the piece literally made with eyes closed shut? Sometimes, you’re not even sure if the item is ugly or genuinely amazing (as much as I love Prada, it definitely springs to mind here).

This tank top, for example, reminds of something that I (someone who cannot knit to save her life) might have made in one of my childhood art classes. At the same time, I am completely obsessed with it. I think it’s a piece that leans more towards being a genius work of art. To me, it says something like, “My cool, kooky granny with purple hair made this for me.” Which is exactly why it’s so awesome.

For someone who loves to wear sweaters as much as I do, this piece is actually perfect for the summer months. Why? Well, it’s a tank top. And it’s not made from itchy wool. Perfect, of course, for post-heat wave Toronto, when it’s actually bearable to wear clothing with a higher density than tissue paper.

 

What I Wore: Knit tank by Correll Correll; shorts by Something Else (both from Rac Boutique); leopard shoes by Joie.

Grace Carroll is a Toronto-based freelance writer whose work has appeared in ELLE UK, ELLEcanada.com, Plaid magazine and FILLER magazine. Keep up with her daily blog at www.graciecarroll.com.

City to Captain John’s Restaurant: abandon ship

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It’s land ho for Captain John’s Restaurant. The kitschy boat-restaurant at the foot of Yonge Street, which has managed to stay afloat for decades despite boatloads of legal issues and poor reviews, has finally been shut down by the city, the Toronto Star reports.

The city has shut off the restaurant’s water, thereby taking the wind out of its sails.

Plagued by debt issues for some time, John Letnik, who owns the old cruise ship, owes quite a few doubloons in back taxes, rent and insurance (more than $500,000, according to the Star).

Letnik, who’s been seeking a buyer for his floating restaurant for years, told the CBC that he has asked for more time to find a new captain for his ship so he can “retire with dignity.”

In the meantime, the city’s going to have to figure out what to do with the monstrosity: it has no engine, and is “mired deep in the muck of Lake Ontario.”

Letnik has until July 27 to remove everything from the ship.

[Toronto Star]

Table Talk: Joanne Kates reviews Edulis

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Anton Potvin had enough of walking the floor every night at his marvellous Niagara Street Café, and his friends, the husband-and-wife culinary team of Tobey Nemeth and Michael Caballo, were just back from four years of cooking their way around the world. They made the deal, sealed it with a tequila, and shazam, Niagara Street Café became Edulis, Nemeth and Caballo’s new baby.

They did a minor reno, adding marble tables and Mexican tiles, and opened Edulis in the spring. Nemeth, who was chef at Jamie Kennedy Wine Bar, is the eternally gracious maître d’, and Caballo, who worked for Potvin as chef for three years (2005 to 2008) is in the kitchen. And you can taste the plans they were hatching in every bite at Edulis; you can imagine them sitting in a tapas bar in Spain or a trattoria in Chianti, saying: “Let’s serve a little amuse of Spanish olives stuffed with anchovies, and how about we bake our own crusty Red Fife bread every day? And let’s say on the menu that people shouldn’t use their cells at the table.”

And that’s what they’ve done.

All of which makes Edulis (Latin for “edible,” and for porcini mushrooms) so charming. Caballo, who is of Spanish heritage, leans towards Spain in his cooking but his food work dances to world music.

He has two menus: the carte blanche (“Put your belly in our hands … we promise to be nice”) is five or six courses for $50 or $70 per person. The à la carte menu is mostly small plates and it changes often, Caballo taking daily inspiration from the produce, etc., that shows up at his kitchen door.

If they’re still in season, chef’s live B.C. spot prawns are de rigueur, and not for the faint of heart. He deep-fries the heads (still with antennae) crispy crunchy and serves the sweet succulent tails tossed with skinned almonds and radish sprouts in thin tangy mayo.

Chef purées the restaurant’s namesake mushrooms for a deep rich jus and pools it at the base of tiny towers of wilted spinach topped with salt-cured foie gras and a single fresh clam. He grills tiny, impeccably fresh squid rings till they’re barely translucent and sets them on a Spanish earthenware dish over roasted onions and creamed onion sauce spiked with a tiny pool of vinaigrette for acid and balance.

The man is a sensualist and an enabler. I know chicken skin is bad for me, but this guy smokes it and crisps it to the point of irresistible — as a throwaway line beside velvety warm chicken terrine with light herbed vinaigrette (which is completely different from the vinaigrette on the squid). He wraps tender sweetbreads and veal up in little packages with sweet fresh walnuts and sets them off with apple slivers in tangy mayo remoulade.

And for dessert there is rum baba that might be better than most sex. It is a white cake, intensely buttery and of very fine crumb. The server pours on rum syrup, proffers whipped cream in a tiny copper pot, and we are in rum baba heaven.

Edith Piaf is singing “Non, je ne regrette rien.” We too have no regrets.

Edulis, 169 Niagara Street, 416-703-4222. $65 dinner for two

Joanne Kates trained at the Ecole Cordon Bleu de Cuisine in Paris. She has written articles for numerous publications, including the New York Times, Maclean’s and Chatelaine, and she was the Globe and Mail’s restaurant critic for 38 years.

Coming soon to the Ossington strip: Greek pies, and lots of them

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Mamakas Spanakopita and Feta Bar, an upcoming restaurant set to open on the Ossington strip before the end of summer, does not intend to be an average Greek eatery. According to co-owner Thanos Tripi, the bakery-slash-dine-in-restaurant will steer clear of the standard rice and potato offerings you’d find at a typical Danforth establishment. Rather, Mamakas will specialize in a more traditional style of Greek cuisine.

“It will showcase a very specific cuisine that is very rustic and homemade,” Tripi says.

Hence the name Mamakas, which means “mother’s.”

Mamakas is primarily a bakery, and while its major focus will be the spinach-based spanakopita, it will also serve different varieties of pies, with fillings running the gamut from meat to cheese and more. Along with pies, you’ll find a selection of grill items, house-made Greek yogurts, salads and a dessert menu, all drawn from the Greek culinary tradition. The restaurant will also feature a feta bar to showcase different types of the Greek cheese.

The project is close to Tripi’s heart: the restaurant’s spanakopita is inspired by a 100-year-old family recipe that has been passed down through the generations. Tripi was previously involved with The Ballroom and The One That Got Away, but the concept for Mamakas is one that he has carried with him for years.

“I’ve been wanting to do this concept since I was 16 years old,” he says. “At family events and family dinners, our spanakopita is the first thing that goes because it’s so absolutely delicious.”

The restaurant itself will feature both a grab-and-go counter as well as a fully-licensed dine-in restaurant with just under 60 seats. The interior, which will draw on Tripi’s Greek background, will be both “clean and timeless, but also colourful,” he says.

“It’s got a very homey feel. It’s supposed to feel like you’re walking into your mother’s pantry.”

The menu will be overseen by executive chef Aristedes Pasparakis, a prolific restauranteur and cookbook author who has been dubbed Canada’s “first name in Greek cuisine.”

And you won’t have to break the bank for a taste: the average pastry, plus a drink, will go for about $6.25, with a lunch prix fixe for around $14, which includes a main course, drink and appetizer. Dinner will run about $26 for a drink, an appetizer, a main course and dessert.

“We’re going for a very approachable, affordable menu,” Tripi says. “We believe in providing value to the customer.”

Mamakas Spanakopita and Feta Bar, 80 Ossington Ave.

Yorkdale will get even more ginormous this fall

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The ever-expanding granddaddy of shopping centres is at it again. Hot on the heels of its recent Dine on 3 food collection, Yorkdale Shopping Centre plans to add 30 new stores as part of its 145,000 square foot retail expansion, which is set to open November 15.

The chic duo of Ted Baker London and Kate Spade New York will both set up their first Canadian flagship stores in Toronto. Other stores that are making their first steps into the Canadian marketplace include the electric car company Tesla Motors and beloved womenswear chain Ann Taylor, whose arrival we have been eagerly anticipating for a while now.

Other noteworthy additions include Diesel, Wilfred Boutique, The North Face and an exclusive Rolex boutique as part of Raffi Jewellers. In addition to the newbies, pre-existing favourites Holt Renfrew, Lacoste and Club Monaco will all see expansions and refurbishments coming their way.

And as if the slew of new eating options at Dine on 3 weren’t enough, the new expansion will also see the addition of a Joey restaurant, which has entrenched itself as a mall favourite after setting up branches at the Eaton Centre and the Shops at Don Mills.

Rightfully expecting the crowds to come pouring in, Yorkdale has added 800 new underground parking spaces to facilitate the arrival of the eager hordes of shoppers. But with a 190,000 square feet of total expansion taking place this year, including Dine on 3, we suspect that 800 might be undershooting it a little bit.

Next expansion: a new multi-story car park?

Morning Throwback: in the ’40s, there was no such thing as early retirement

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There’s nothing like a non-threatening old man smoking a pipe during his lunch break to remind us that aging gracefully is possible, even if you are being worked to the bone at 80 years old when you should be lying on a beach in Fort Lauderdale.

Introducing The Burger’s Priest’s new Zoolander-inspired secret burgers: Blue Steel and Magnum

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The Burger’s Priest, with its holy nomenclature and elusive secret menu, seems more like something out of The Da Vinci Code than a booming fast food restaurant. Yet the the burger joint’s air of Christian mystery has inspired a cult following and garnered over 6,000 “likes” for the Priest’s Facebook page, which reveals an ever-growing roster of secret menu items. We stopped by the Yonge Street location to check out the newest secret burgers: Blue Steel and Magnum.

The new burgers are an homage to Derek Zoolander’s iconic pucker-faced poses from the 2001 comedy classic Zoolander. The Blue Steel ($6.50) is essentially just a cheeseburger with blue cheese, but those feeling a little more adventurous can order the Magnum ($8), which comes with added bacon.

These stylish selections are the newest in a line of secret menu items, joining the ranks of the decadent Vatican City (two cheeseburgers enclosed in two grilled cheese sandwiches), The High Priest (the Priest’s take on a Big Mac, with secret sauce) and a host of other Christian-inspired concoctions.

We went in on Monday during the height of the lunch rush. The Facebook page had warned us that we wouldn’t be able to order the burger verbally; we’d have to “make the face” (although, due to the “uncanny similarities” between the look of Magnum and Blue Steel, we would be asked to clarify after ordering).

Feeling apprehensive about our acting skills, we thought we’d try to cheat the rules, but our verbal request for a Magnum was met with a reproachful eyebrow-raise from the clerk. We knew we’d have to do better, so we whipped out our best Zoolander face.

“Perfect,” the clerk exclaimed, putting in our order.

After a 15 minute wait, we finally received our burger. Unlike its stylish namesake, the Magnum is relatively nondescript: it’s a patty topped with bacon and blue cheese, with some veggies added at our request (tomatoes, onion, lettuce) on a standard Priest bun. The blue cheese is potent, but not overpowering, and the bacon adds a smoky crunch to the affair. While conservative eaters might be better off with the standard cheddar offering, cheese connoisseurs will love the tangy twist on a classic favourite.

So what's the verdict? Well, for fashion-forward agnostics who might be hesitant to prostrate themselves for a Tower of Babel, the Magnum or Blue Steel might be just the ticket. But you’d better love blue cheese, and you can’t be afraid to make really embarassing poses in the middle of a very crowded burger restaurant.

That, and you have to be really, really, ridiculously good looking. Ready for your close-up?

The Burger's Priest, 1636 Queen St. E, 647-346-0617 or 3397 Yonge St., 416-488-3510

Meet a Comedian: Dave Merheje

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An in-your-face approach to comedy has made Toronto-based comedian Dave Merheje one of Canada's most original stand up acts. He produced the We Ain't Terrorists comedy tour alongside Ali Rizvi and is regular on the Just For Laughs circuit (he'll be featured at the fest in Montreal this summer).  Oh yeah — he was also just nominated for Best Male Stand-Up at the Canadian Comedy Awards.

We chatted with the comic about growing up in Windsor, odd jobs and his first time doing stand-up.

How did you get into stand-up?
I have always wanted to entertain. I used to do sketches when I was a kid with my sister and cousin. Then when I got older, I did comedy in my hometown of Windsor.

Were you the class clown growing up?
I wasn't the class clown. I was too shy.

Describe your first time doing stand up. 
It was at Yuk Yuks in Windsor. I was scared and nervous and it lasted four minutes. I mashed every joke together and I don't remember a response. I don't think it was good.

How would you describe your comedic style?
I would say conversational, ranty with high energy. I talk about my life experiences. Anything that happens, I say up there.

You talk about your family in your sets. Did they encourage your passion for comedy?
Yes, I talk about them for sure and they're real cool with it and encourage it. They even sit in the front row.

What kind of job(s) did you have before pursuing comedy full-time?
I worked at an Indigo bookstore and ShopDine [a touring company]. I also brewed beer for a week.

Favourite funny movie:
Superbad.

Favourite gig so far: 
Just For Laughs in 2011. It's one of the top festivals in the world and the energy of fest was so amazing. I was also with comic friends out there, so it was cool.

Congratulations on your Canadian Comedy Award nomination. What does that mean to you?
It feels good because the other comics in the category are very talented and it's an honour to be mentioned with them.


The details:

Year started in stand-up: 2004
Influences:  Richard Pryor, and my mom and dad.
Next show: July 3, The Cloak and Dagger, 394 College Street, 647-436-0228. 7 p.m.