Canada's Condominium Magazine

Monthly Archives: April 2012

Tridel named Green Builder of the Year for fifth time in six years

Tridel named Green Builder of the Year for fifth time in six years

The Tridel team on stage at the BILD Awards after winning Green Builder of the Year, High Rise. Centre, in light brown suit, is Jamie James, head of TowerLabs and Tridel’s sustainability advisor. James has been recognized for his work in furthering the adoption of LEED standard in Toronto buildings.  Tridel’s reputation as Toronto’s greenest builder continues to… Continue Reading

Stunning architecture, intelligent mirrors: Hong Kong firm changing the way we see ourselves

Stunning architecture, intelligent mirrors: Hong Kong firm changing the way we see ourselves

ISM Parinee Ohn Tower, a residential building proposed for Mumbai, India by Hong Kong’s Cybertecture. Architecture as a “symbiotic relationship between the urban fabric and technology.” Why not in Toronto? So much of the world’s most stunning and innovative architecture these days is being built in Asia and the Middle East. Here’s another example, and… Continue Reading

Torontonians love their condos, and don’t mind paying their fees either

Torontonians love their condos, and don’t mind paying their fees either

Part of the fitness centre at Tridel’s Rêve. Condo fees go to maintaining amenities like these. When buying new construction, condo buyers should be sure to buy from reputable builders with established track records. It seems that Toronto condo owners are more willing to pay up when it comes to maintenance fees than other Canadians… Continue Reading

3 Benefits of commercial mortgage

A commercial mortgage like any other mortgage is a loan that is taken out, to buy property, using the property as collateral to secure repayment. There is only one difference between commercial mortgage and residential mortgage. That is, in case of commercial mortgage the collateral is a commercial building or a real estate business and not a… Continue Reading

Government moves to increase oversight of Canada Mortgage and Housing Corporation

Government moves to increase oversight of Canada Mortgage and Housing Corporation

New legislation will prevent banks from using CMHC-insured mortgage pools as collateral for their covered bond issues. This could lead to a rise in mortgage rates. Finance minister Jim Flaherty called it “tweaking the system” when he spoke about his move today to bring the Canada Mortgage and Housing Corporation under the oversight of the… Continue Reading

Fixed rate, shorter amortization is the winning mortgage strategy for homeowners: bank

Fixed rate, shorter amortization is the winning mortgage strategy for homeowners: bank

On a $400,000 mortgage, a homeowner could save about $70,000 in interest payments by paying it off in 25 years rather than 30 years. More Canadians favour mortgages with shorter amortization terms so they can pay off their mortgages sooner. This is especially true for people with children: 63 per cent of those with children… Continue Reading

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