Canada's Condominium Magazine

Monthly Archives: March 2013

Transit-accessible homes retain their value, even in recession: study

Transit-accessible homes retain their value, even in recession: study

There’s an interesting connection between public transportation and housing. It has long been apparent that people shopping for a home often put proximity to public transit high on their list of priorities for the home’s location. People like the convenience of living close to subways and streetcar lines. Given the choice, many people will take… Continue Reading

Flaherty squashes mortgage rate competition

Flaherty squashes mortgage rate competition

It didn’t take long. This morning, Manulife Bank announced that it would offer five-year fixed-rate mortgages at 2.89 per cent, ten basis points below BMO’s offering announced last week. By this afternoon, however, Manulife said it was pulling the cut-rate mortgage, which had been the lowest it ever offered. What happened? Canada’s Finance Minister, Jim… Continue Reading

Baby boomers affecting longer-term housing growth: report

Baby boomers affecting longer-term housing growth: report

The badly damaged US housing market is practically roaring back to life, while Canada’s is “softening.” According to a report on global real estate by ScotiaBank, the US is “at the top of the pack” globally for price growth, as demand outstrips supply. Here, on the other hand, demand has slumped because of government engineered… 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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