Canada's Condominium Magazine

Monthly Archives: May 2012

New alerts service could help find missing children

New alerts service could help find missing children

Tomorrow, May 25, is International Missing Children’s Day. Not a happy event, but important. To mark the day, a group called MissingKids.ca is launching a new notification service called MissingKidsALERT. The new system lets members of the public sign up to receive alerts when a child goes missing in a particular community. MissingKidsALERT is meant… Continue Reading

GTA housing market in good shape, but OECD pushing for interest rate hikes

GTA housing market in good shape, but OECD pushing for interest rate hikes

The new home market in the GTA is healthy and stable, according to the Building Industry and Land Development Association (BILD), announcing home sales numbers for the month of April. The numbers are from RealNet Canada, BILD’s source of new home market intelligence. In April, 4,819 new homes were sold in the GTA. This number… Continue Reading

Money can’t buy good taste

Money can’t buy good taste

The most expensive home in the world, this ostentatious pile was built by Perkins and Will, the famous American architects for their Mumbai client, multi-billionaire Mukesh Ambani. It’s reported to have cost over $1 billion. Have you heard the one about the rich Indian guy who built a billion-dollar house for himself and his wife… 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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