Canada's Condominium Magazine

Monthly Archives: January 2013

BMO sees housing market moderating in 2013

BMO sees housing market moderating in 2013

Generation Y or “echo boomers” are ready to buy their first homes and will drive the housing market over the coming years according to BMO economist. Market is in “soft landing,” and will remain moderate in 2013. Canada’s oldest bank, the Bank of Montreal, has added its voice to the ongoing discussion about the state… Continue Reading

More renters turning to condos in Toronto

More renters turning to condos in Toronto

Condos offer amenities and high-end finishes, as well as good locations, making them more desirable to renters. Nearly a quarter (22.6 per cent) of Toronto’s condos are rented. Fitness room at 101 Erskine from Tridel (rendering). Toronto Real Estate Board reports strong growth in Q4 condo rentals The latest numbers from the Toronto Real Estate Board… Continue Reading

Green versus white: OHBA supports greenbelt growth, but not at the cost of urban development

Green versus white: OHBA supports greenbelt growth, but not at the cost of urban development

Glenorchy lands in Oakville are added to Ontario’s Greenbelt: Ontario Home Builders’ Association says it supports the move, but doesn’t want the Greenbelt to grow at the expense of the “whitebelt” where future urban development will take place. An effort by the Ontario government to expand the Greenbelt of protected land that surrounds the Greater… Continue Reading

Ontario led country in 2012 housing starts

Ontario led country in 2012 housing starts

The residential construction industry in Ontario, largely driven by new condominiums, had a “banner year” in 2012 says CMHC. Housing starts were up 14 per cent compared to last year.  The residential construction industry in Ontario enjoyed a “banner year” in 2012 according to Canada Mortgage and Housing Corporation (CMHC) economist Ted Tsiakopoulos. Annual home… Continue Reading

Home buyers will see market shift in their favour this spring: Royal LePage

Home buyers will see market shift in their favour this spring: Royal LePage

Current period of adjustment in housing markets will be brief as normal “trigger events” will continue to influence Canadians in their home buying decisions, according to Royal LePage report on pricing and markets. Market correction will be brief and mild Canadian home buyers, like the real estate market itself, are in an adjustment phase, according… Continue Reading

Activist hopes banning water bottles in her town will be a call to action to others

Activist hopes banning water bottles in her town will be a call to action to others

Small step, big problem. Called the worst pollutant in the world, plastic water bottles under 1 litre are banned in Massachusetts town. Toronto’s effort to ban plastic bags remains in limbo. A city in Massachusetts has become one of the first cities in the United States to ban plastic water bottles. After a three-year campaign,… Continue Reading

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