Canada's Condominium Magazine

Monthly Archives: June 2012

From the big farm to the Big Apple

From the big farm to the Big Apple

Pros and cons of raising kids in a condo Member post by Elaine Williamson When we moved to New York City from our family property in Colchester, Connecticut in October 2010, my husband and I had no clue what raising a family in a condominium meant, considering we had 11-month-old twin girls to take care… Continue Reading

Never too late to think of the future

Never too late to think of the future

  Building your best financial future at every age Your twenties are a very exciting time of life financially. For example, perhaps you’ve graduated without any debts because you decided to remain living in your parent’s home. Now you’ve got a couple part-time jobs and you’re looking to rent a place with a friend. Or… Continue Reading

Toronto market still hot as new mortgage regulations pend

Toronto market still hot as new mortgage regulations pend

101 Erskine from Tridel. Condominiums, which have received most of the attention in the media in discussions of Toronto’s hot housing market, are the most affordable option for new homebuyers.  Measured by the Canadian Real Estate Association’s (CREA) Home Price Index (HPI), price gains in Canada’s main housing markets have been moderating since the end… Continue Reading

Condo living suits this retiree

Condo living suits this retiree

My Condominium is a Great Place to Retire by Joanne Ott, member Are you considering a condominium for retirement? It can be a very wise decision for a few reasons, as I will explain. When searching for a condo to purchase, there were a few things that were important to me. Of course, the cost… Continue Reading

Smart little people mover could be car of the future

Smart little people mover could be car of the future

Would you drive one of these? “Eggasus” is a “flashy, single-passenger vehicle with zero emissions and an eye-catching” design. It’s competing for Most Innovative Product of the Year in California contest.  A California company designed this little single-passenger vehicle—really not much more than an enclosed electric go-cart—for use in dense urban areas and for “intra-campus… Continue Reading

More office development coming as companies follow employees downtown

More office development coming as companies follow employees downtown

Ten York from Tridel, seen in this rendering (centre building with darker exterior) is one of condominium developments that’s drawing workers into the downtown core and driving new commercial construction in the city core.    The influx of young condo owners in the downtown core is helping to drive a mini-boom in construction of commercial space.… Continue Reading

Other Popular Stories

Even with a dip in home sales, as markets adjust to new rules, new home pricing remains high due to low supply and “right sizing” dilemma

Even with a dip in home sales, as markets adjust to new rules, new home pricing remains high due to low supply and “right sizing” dilemma

Although some recent reports show a drop in actual resale sales — in the short-term dramatic double digit drops according to some brokers — prices are showing no sign of dropping on new homes.[1] The Building Industry and Land Development Association recently released data detailing rising costs for new detached and semi-detached homes, as well…

Living comfortably in 500 square feet or less; modular convertible multi-purpose furniture makes the difference

Living comfortably in 500 square feet or less; modular convertible multi-purpose furniture makes the difference

Size is relative. An object that is small to you may be quite large to another person, and vice versa. The same holds true for nearly everything. A relatively small space that leaves one person feeling claustrophobic can — with a little planning and some modular furniture (see videos below) —  be considered spacious and…

More Ontario rules: modest help for seniors and refugees and immigrating nominees

More Ontario rules: modest help for seniors and refugees and immigrating nominees

Ontario has recently introduced legislation geared toward homebuyers and seniors. If the legislation passes, it should make housing much more affordable — although the intended result isn’t always the same as the final outcome in a real market.     Aside from the 15% Non-Resident Speculation Tax (previously reported>>) for non-Canadian citizens, non-permanent residents, and non-Canadian…

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