Nobu Ignores Toronto Housing Bubble Drama With New Condo Project
By-
De Niro-backed hotel speaks to Toronto’s ‘world class’ status
-
Policymakers mull new measures to tame soaring Toronto prices
Nobu isn’t worried about a Toronto housing bubble.
The company best known for high-end sushi and celebrity cache is poised to enter the frothy residential real-estate business in Canada’s largest city just as a growing chorus of economists warn that soaring home prices aren’t sustainable and a crash looms. Policy makers are expected to announce new measures Thursday to cool the market, including a tax on non-resident speculators.
Even as the bubble debate rages, Nobu’s decision to make its condominium debut in Toronto, as opposed to cities such as New York, London or Tokyo where it already has a stronghold with restaurants, wasn’t difficult, said Trevor Horwell, chief executive officer of Nobu Hospitality LLC…
Nobu Ignores Toronto Housing Bubble Drama With New Condo Project
