Canada's Condominium Magazine

Monthly Archives: March 2012

More modest rises in February home prices show market is balancing: CREA

More modest rises in February home prices show market is balancing: CREA

Construction progressing on Tridel’s 300 Front Street West. Torontonians bought more than 26,000 new condos last year. Prices are moderating in Canada’s housing market, according to CREA numbers for February. Rises in home prices in Canada are slowing, statistics released by the Canadian Real Estate Association (CREA) show. In February, the Aggregate Composite MLS Home… Continue Reading

Cottage condos arrive in Ontario

There are plenty of vacation spots where you can rent a “cottage condo” for a season or a couple of weeks, but there aren’t many places where you can buy into a cottage community the same way (or nearly) as you would in a downtown condo tower. That situation is changing: an Ontario subsidiary of… Continue Reading

Several Tridel buildings nominated for BILD Awards

Several Tridel buildings nominated for BILD Awards

Tridel, the “defending champion” Green Builder of the Year–High-Rise, is nominated for a slew of BILD Awards this year, many of them for suite design. The Building Industry and Land Development (BILD), which is honouring the best in the residential construction industry on April 27, announced the finalists today. It’s the 32nd edition of the… Continue Reading

Real estate market stabilizing in GTA: BILD

Real estate market stabilizing in GTA: BILD

Model suite at Tridel’s Parc Nuvo, nearing completion. Price updates for 2-bedroom suites are available. While talk of a real estate bubble and an inevitable correction continues in the media, the Building Industry and Land Development Association (BILD) takes a more measured view of the current real estate market in the GTA. Armed with the… Continue Reading

Other Popular Stories

15 percent non-resident speculation tax becoming reality for Ontario; may help temper “frantic” real estate market “without unintended consequences”

15 percent non-resident speculation tax becoming reality for Ontario; may help temper “frantic” real estate market “without unintended consequences”

As expected, Kathleen Wynn moved to cool down the sizzling hot GTA real estate market with a bundle of measures, led by new 15 percent non resident speculation tax. Investors who are residents are exempt, although separate “policies” may also target locals. Expanded rent controls are also certain. “When I talk about the frenzy in…

Ask the Lawyer: Condo owner wants action on noisy Airbnb “tenants”

Ask the Lawyer: Condo owner wants action on noisy Airbnb “tenants”

Reader Question: “I believe my neighbour is renting out with Airbnb. I see people I don’t know coming and going, making lots of noise. I also don’t feel safe in this environment. What can I do about this? So far, complaining to management hasn’t helped.” Do you have a question for Richard? Please reach out…

Sousa again promises action in GTA real estate market and rent controls in “coming week”

Sousa again promises action in GTA real estate market and rent controls in “coming week”

In another of several announcements promising action on the Ontario housing market — this one promising “in the coming week” — Ontario’s Finance Minister Charles Sousa revealed more details of the pending plan to rein in speculative market pricing in the GTA area. A combination of low supply and excessive demand has thrust house pricing…

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