Canada's Condominium Magazine

Monthly Archives: May 2012

One man’s distress is another man’s opportunity: US foreclosure sales hit 26%

One man’s distress is another man’s opportunity: US foreclosure sales hit 26%

With the number of foreclosed properties increasing, and average prices falling, there are opportunities for investors and ordinary buyers alike in the US real estate market. The numbers are almost breathtaking: in the United States, 26 per cent of all residential property sales so far this year have involved properties that were in some stage… Continue Reading

Is Toronto ready for a casino?

Harmless fun, stupid waste of money, or life-destroying addiction? Gambling can be all of these. People should be able to decide for themselves, shouldn’t they?  “Caesars representatives will be visiting the city next week to get the lay of the land.” Say that sentence while chomping on a fat cigar, with an Edward G Robinson… Continue Reading

Canadians doing fine with their mortgages, debt: report

Canadians doing fine with their mortgages, debt: report

Semi-annual report on mortgage industry says that many Canadians are taking steps to pay off their mortgages as quickly as possible.  Housing markets are stable and healthy in most of Canada …The mortgage lending environment is also stable and healthy. These are the opening words of a report titled “Confidence in the Canadian Mortgage Market,”… Continue Reading

What if your CO alarm goes off?

What if your CO alarm goes off?

CO detectors are recommended, or mandated by law, for homes that use fuel-burning appliances such as furnaces. water heaters, fireplaces and gas ranges. Having a smoke or carbon monoxide alarm go off is unnerving. With smoke alarms, it is one of two things: a real fire or a false alarm, most likely caused by cooking, or a… Continue Reading

Other Popular Stories

Rental Fairness Act: Act of kindness, or barrier to affordable housing? Either way, it will change everything for renters.

Rental Fairness Act: Act of kindness, or barrier to affordable housing? Either way, it will change everything for renters.

With 1.2 million rental households in Ontario, frequently rented from condo-owners, the stakes are high for Ontario residents in a “fairness” rental act. Ontario is following through on their announcements of rent control reform. A news release from Ontario’s Ministry of Housing makes it clear The Rental Fairness Act, 2017, is a coming reality. It’s safe…

Ask the Lawyer: Condo owner worried about legalization of marijuana, if “every household can grow 4 plants… damage could be vast”

Ask the Lawyer: Condo owner worried about legalization of marijuana, if “every household can grow 4 plants… damage could be vast”

Reader Question “I have one concern that is up coming and both Property Management Corp and the Board of Directors should address: it is the legalization of marijuana. With that, every household can grow 4 plants at home. However, if we allow growth of marijuana in a condo unit, the damage could be vast; affecting…

3D printed homes from recycled materials are both green and economical; ideal for low-cost housing?

3D printed homes from recycled materials are both green and economical; ideal for low-cost housing?

3D printing is not new to the construction industry, although a new development from Apis Cor may make it more practical for some applications such as low-cost housing in Municipalities. Unlike older 3D printers, which run on tracks inside “factories” to produce components, the Apis Cor is the first 3D printer that is mobile enough…

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