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Sunday , 26 March 2017

Monthly Archives: March 2012

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 Price Index (HPI) was up 5.1 per cent compared to February 2011. This was the smallest increase in the index in eight months, and the fourth consecutive month in which gains were more modest. It indicates, according to CREA, that Canadian home price growth could be “topping out.” “The index typically rises in February from ... Read More »

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 a company from Maine in the US, called Cottage Advisors, has just opened its first condo cottage community near Sandbanks Provincial Park in Prince Edward County. The cottages, in a development on East Lake (an inlet of Lake Ontario to the east of the provincial park) are priced to sell: $179,900 to $259,900, and you ... Read More »

Canada’s insurers want you to report fraudsters

Auto insurance fraud is the most common form. Typical victim is a woman or elderly person driving alone in a nice car in a nice neighbourhood. In the common “squat and swoop” scam, two cars, one behind you and one in front, force you to rear-end the forward car.    The Insurance Bureau of Canada (IBC) wants Canadians to report insurance cheats. March is Fraud Awareness month and the organization that represents home, car and business insurers across the country finds that while Canadians are aware of the problem of insurance fraud in this country, they don’t know what to do about it. IBC commissioned a Pollara Poll to find ... Read More »

Looks like a warm, busy spring for real estate markets

The lure of downtown living draws many to the condo lifestyle: 66 per cent of home sales in the 416 area so far this year have been condos. Tridel’s 300 Front Street West is now under construction.  A combination of continuing low interest rates, limited supply and nice weather is making for a “heated spring” in most major Canadian real estate markets, according to Re/Max. The Re/Max Market Trends Report finds that twelve of fifteen Canadian centres are reporting year-to-date sales activity that is ahead of the same period last year. More than half of the centres report double-digit increases. Vancouver, Winnipeg and Kitchener-Waterloo are the only three areas reporting ... Read More »

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 awards and BILD says there was a record number of submissions this year, with extremely tough competition. Given all the new projects we saw in Toronto last year, the results should be interesting. Tridel’s Rêve, “PH24” is nominated for best model suite design and for best social media campaign. PH24 is known as the Eco Suite, ... Read More »

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