Harry Mitz was an elementary school dropout, but a streetwise, wheeling-and-dealing entrepreneur who could make “money out of crap,” according to his son, Lewis.
Real eState
The mystery of a tiny Toronto laneway that sparked a historical real estate drama
He earned a fair penny at it, too, more than enough to buy a Cadillac for his wife that, given his humble beginnings, he was too embarrassed to drive himself. Instead, he preferred the mid-range Buick that he parked in the narrow laneway directly behind 185 King, securing access to the spot with a lock and chain.
Mitz passed away in 2000, whereupon his son, who spent Saturday mornings in his father’s machine shop as a child but grew up to be a real estate lawyer with a thriving practice in the building his father paid $4,500 for in 1941, started parking his Chevy Suburban in the laneway. He would move his vehicle, as Harry had before him, when the neighbours to the west, the Lazareks, asked for permission to access the rear of their furniture store.
Strange discovery
Such was life, and commerce, until the younger Mitz sold his property for about $4 million to developer Steve Gupta, who subsequently bought the Lazareks out for several millions more and proposed to build a 33-storey, mixed-use tower on the site — with parking for 33 cars.
“This was strange,” he said.
What transpired next was a most unusual Toronto real estate drama, featuring a professional genealogist, some lawyers and, ultimately, a courtroom tiff where some of Boulton’s great-great-great-grandchildren — who may or may not have heard of the man prior to the summer of 2022 — argued that the lane, and presumably whatever monetary value could be attached to it, was theirs.
“The lane was a critical part to Gupta’s future,” Mitz said. “Gupta didn’t have a future without it.”
Hidden gems
Canadians have a particular enthusiasm for residential real estate, given both its intrinsic and financial value to those lucky enough to be homeowners. But not a lot of attention is paid to the thousands of small property chunks sprinkled about the urban landscape, sometimes in laneways, and Toronto has more than 3,000 of them alone, sometimes not. And sometimes these parcels are so inconsequential that their owners, like Boulton, die without leaving them to an heir.
Known as “orphaned” land in the industry, these properties tend not to attract much notice from anyone — assuming they have been noticed at all — until someone comes along to build something upon them, such as a condominium.
The stakes are high. A hypothetical heir emerging from the woodwork waving a will, or other legal document, that proves the lone-gone relative bequeathed the land to their great grand-dad who, in turn, left it to their grand-dad and so on would put that heir in position for a major payday, particularly in Toronto or Vancouver, where prime downtown real estate doesn’t come cheap.
That explains the friendly voicemail Vanessa Grafi received last summer from Jeff Stewart, a forensic genealogist and a generally polite, soft-spoken man, who earns a living rooting around in the past for clients, including Sood and his colleagues, at Aird and Berlis LLP.
It turns out, Henry John Boulton originally bought a chunk of land known as Lot 21 at the corner of King and George Street in 1824. This was prime, practically waterfront Toronto land. At the time, Boulton, a barrister’s son and grandson of Sir John Strange, a “master of the rolls,” was just a few years shy of being appointed attorney general of Upper Canada. In other words, he was an extremely well-connected bigwig.
There is no mention of the laneway in his last will and testament dated Dec. 17, 1869, and when he died the following year, he left the “balance arising” from the sales of his property to be divided among three of his children, Sophia (Boulton) Forlong, Clara Louise (Boulton) Cayley and George D’Arcy Boulton, all of whom were dead by 1898. (Adding to the mystery of the laneway is why Boulton cut five of his kids out of his will, but we digress.)
Grafi’s mother was an enthusiastic amateur historian and enjoyed stories of the past, but there was never any talk about an orphaned laneway until a genealogist called to fill Grafi in.
“It was a fun find,” she said. “And it happens: a long-lost lot looking for relatives, for plans to develop.”
Alas, there was no smoking will in a safety deposit box indicating Grafi had, by way of her ancestors, inherited the lane. Learning more of her family’s history was payment enough, she said, and she left it at that.
But not every Boulton descendant was willing to let go of the lane, or the past, so easily.
Courtroom drama
Patricia Hertzberg, an artist, and a handful of other members from the Boulton bloodline several generations removed, went to court to oppose the developer’s application seeking a declaration that they owned the laneway behind 185 King.
It did not go well for the descendants, none of whom could produce a will, or any paper evidence, proving they had any legal right to the lane.
“The land does not belong to them as a group or individually because they trace roots to an owner 200 years ago,” Ontario Superior Court Justice Fred Myers said in a December 2022 decision. “This is not a close call.”
But in court filings, she more fully articulated her motivation to fight for ownership.
“When we learned there was property in downtown Toronto, belonging to our ancestor, where a high-rise development was planned, we were expecting potential compensation,” she said. “However, when we received an application asking the court to simply grant the developer full title to the land, with no compensation to the descendants, we were offended. It felt like an egregious affront to our family.”
Squatter’s rights
An entrepreneur with a keen eye for action, but apparently not for the fine print, Harry mistakenly believed he had bought the lane behind 185 King when he bought the property. Lewis believed the same. They parked in the lane for 75 years to the exclusion of anyone else, save for those occasions when they gave a neighbour, contractor, friend or anyone else express permission to park in the spot.
The chain securing the lane appeared in the early 1970s. Claiming, however mistakenly, the lane as their own, and occupying it as such for a decade (and more) “shows that they exercised the rights of an owner,” Myers said in his decision.
In March, Lewis Mitz stood across the street from the lane that caused the whole kerfuffle. There were three orange construction pylons set in front of it. The chain he and his father put there was still in place.
The 77-year-old was tanned, having recently returned home from a trip to the Bahamas. He wore a brown leather jacket, scarf and stylish glasses, and carried an old leather briefcase that you could imagine a practicing lawyer with more than 50 years’ experience lugging around.
“It is inventory,” he said. “You carry the memories with you.”
His recollections of the Boulton descendants who surfaced in court after the genealogist had done the legwork of finding them were unsentimental, too.
“I am going to be 78 soon, I’ve been around, it is not my first rodeo, and when it comes to money I don’t have to say anymore: they were looking for a payoff,” he said. “They couldn’t prove anything. They thought, ‘Aha, this is my opportunity.’”
Tacked onto the front of 185 King today is a City of Toronto development proposal depicting a tower rising on the land Henry John Boulton purchased in 1824.
The notice makes no mention of the laneway out back.
Real eState
Greater Toronto home sales jump in October after Bank of Canada rate cuts: board
TORONTO – The Toronto Regional Real Estate Board says home sales in October surged as buyers continued moving off the sidelines amid lower interest rates.
The board said 6,658 homes changed hands last month in the Greater Toronto Area, up 44.4 per cent compared with 4,611 in the same month last year. Sales were up 14 per cent from September on a seasonally adjusted basis.
The average selling price was up 1.1 per cent compared with a year earlier at $1,135,215. The composite benchmark price, meant to represent the typical home, was down 3.3 per cent year-over-year.
“While we are still early in the Bank of Canada’s rate cutting cycle, it definitely does appear that an increasing number of buyers moved off the sidelines and back into the marketplace in October,” said TRREB president Jennifer Pearce in a news release.
“The positive affordability picture brought about by lower borrowing costs and relatively flat home prices prompted this improvement in market activity.”
The Bank of Canada has slashed its key interest rate four times since June, including a half-percentage point cut on Oct. 23. The rate now stands at 3.75 per cent, down from the high of five per cent that deterred many would-be buyers from the housing market.
New listings last month totalled 15,328, up 4.3 per cent from a year earlier.
In the City of Toronto, there were 2,509 sales last month, a 37.6 per cent jump from October 2023. Throughout the rest of the GTA, home sales rose 48.9 per cent to 4,149.
The sales uptick is encouraging, said Cameron Forbes, general manager and broker for Re/Max Realtron Realty Inc., who added the figures for October were stronger than he anticipated.
“I thought they’d be up for sure, but not necessarily that much,” said Forbes.
“Obviously, the 50 basis points was certainly a great move in the right direction. I just thought it would take more to get things going.”
He said it shows confidence in the market is returning faster than expected, especially among existing homeowners looking for a new property.
“The average consumer who’s employed and may have been able to get some increases in their wages over the last little bit to make up some ground with inflation, I think they’re confident, so they’re looking in the market.
“The conditions are nice because you’ve got a little more time, you’ve got more choice, you’ve got fewer other buyers to compete against.”
All property types saw more sales in October compared with a year ago throughout the GTA.
Townhouses led the surge with 56.8 per cent more sales, followed by detached homes at 46.6 per cent and semi-detached homes at 44 per cent. There were 33.4 per cent more condos that changed hands year-over-year.
“Market conditions did tighten in October, but there is still a lot of inventory and therefore choice for homebuyers,” said TRREB chief market analyst Jason Mercer.
“This choice will keep home price growth moderate over the next few months. However, as inventory is absorbed and home construction continues to lag population growth, selling price growth will accelerate, likely as we move through the spring of 2025.”
This report by The Canadian Press was first published Nov. 6, 2024.
The Canadian Press. All rights reserved.
Real eState
Homelessness: Tiny home village to open next week in Halifax suburb
HALIFAX – A village of tiny homes is set to open next month in a Halifax suburb, the latest project by the provincial government to address homelessness.
Located in Lower Sackville, N.S., the tiny home community will house up to 34 people when the first 26 units open Nov. 4.
Another 35 people are scheduled to move in when construction on another 29 units should be complete in December, under a partnership between the province, the Halifax Regional Municipality, United Way Halifax, The Shaw Group and Dexter Construction.
The province invested $9.4 million to build the village and will contribute $935,000 annually for operating costs.
Residents have been chosen from a list of people experiencing homelessness maintained by the Affordable Housing Association of Nova Scotia.
They will pay rent that is tied to their income for a unit that is fully furnished with a private bathroom, shower and a kitchen equipped with a cooktop, small fridge and microwave.
The Atlantic Community Shelters Society will also provide support to residents, ranging from counselling and mental health supports to employment and educational services.
This report by The Canadian Press was first published Oct. 24, 2024.
The Canadian Press. All rights reserved.
Real eState
Here are some facts about British Columbia’s housing market
Housing affordability is a key issue in the provincial election campaign in British Columbia, particularly in major centres.
Here are some statistics about housing in B.C. from the Canada Mortgage and Housing Corporation’s 2024 Rental Market Report, issued in January, and the B.C. Real Estate Association’s August 2024 report.
Average residential home price in B.C.: $938,500
Average price in greater Vancouver (2024 year to date): $1,304,438
Average price in greater Victoria (2024 year to date): $979,103
Average price in the Okanagan (2024 year to date): $748,015
Average two-bedroom purpose-built rental in Vancouver: $2,181
Average two-bedroom purpose-built rental in Victoria: $1,839
Average two-bedroom purpose-built rental in Canada: $1,359
Rental vacancy rate in Vancouver: 0.9 per cent
How much more do new renters in Vancouver pay compared with renters who have occupied their home for at least a year: 27 per cent
This report by The Canadian Press was first published Oct. 17, 2024.
The Canadian Press. All rights reserved.
-
News21 hours ago
Voters back Nebraska’s ban on abortions after 12 weeks of pregnancy and reject a competing measure
-
News22 hours ago
Justin Trudeau congratulates Donald Trump on his U.S. presidential win
-
News21 hours ago
Final day for candidate nominations in Nova Scotia election campaign
-
Real eState21 hours ago
Greater Toronto home sales jump in October after Bank of Canada rate cuts: board
-
Economy21 hours ago
Trump’s victory sparks concerns over ripple effect on Canadian economy
-
News22 hours ago
Canadanewsmedia news November 06, 2024: Trump declares victory and secures comeback
-
News21 hours ago
Murder-suicide in Cole Harbour, N.S., was intimate partner violence, police say
-
News8 hours ago
Trudeau, Freeland embrace a second Trump presidency |