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Thursday , 23 March 2017
  • Exceptional year ahead for high-end Toronto condos; speculators and investors more active than previously thought

    Exceptional year ahead for high-end Toronto condos; speculators and investors more active than previously thought

    Spring is here and it is going to be a good one for the high-end condominium market in Toronto, if Sotheby’s International Realty Canada is right. Already this year sales of condos worth more than $1 million are up—“soaring” to use their word—exceeding 2016 levels for the same period by 104 per cent. To date, four condos have sold for more than $4 million in Toronto, one-third more than in the first two months of 2016. Sotheby’s Spring Forecast says that the “exceptional” performance in the top-tier condo market is being driven by a combination of factors, including shifts in demographics, strong consumer and investor confidence, and comparative affordability compared to single-family home prices. The picture is not entirely without clouds. Sotheby’s notes that Canada’s top-tier real estate market faces “unprecedented” levels of uncertainty this spring, as it absorbs the impact of recent government regulation and policy, and copes with ... Read More »
  • Tridel company DelSuites wins prestigious award for sustainability

    Tridel company DelSuites wins prestigious award for sustainability

    It might be, the next time you book a hotel room somewhere in the world, that your top concern is the price. Everybody wants to get a good price, as the Trivago guy never stops reminding us. But for business travellers and other people who need more than just a few nights’ stay in Toronto, there’s another option you might not have thought of: corporate housing, also known in Canada as furnished accommodation. And the name to look for in corporate housing in Toronto is DelSuites, a member of the famous Tridel group of companies. DelSuites is just now celebrating its latest award. The US-based Corporate Housing Providers Association (CHPA) has given DelSuites—the first Canadian company so honoured—its Best Green Progress Award. In its release, CPHA says that the Best Green Progress Award is an annual worldwide award that recognizes one company “that exemplifies a dedication to environmental responsibility and ... Read More »

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