Canada's Condominium Magazine

Monthly Archives: May 2013

Designers reveal stunning new looks for conventional lighting

Designers reveal stunning new looks for conventional lighting

As more and more designers explore the ever-expanding frontiers of LED lighting, the results continue to surprise and delight. Put aside any notion of the utilitarian, slightly clunky-looking LED light bulb and think sleek, modern, minimalist design and you will have an idea of what Toronto’s Group Two designers Erica Pecoskie and George Simionopoulos created… Continue Reading

Low-rise home sales falling, high-rise close to average: RealNet

Low-rise home sales falling, high-rise close to average: RealNet

Fewer Torontonians bought low-rise homes in April, or, as the Building Industry and Land Development Association (BILD) put it, “consumer confidence in the GTA’s new homes market is still low.” RealNet Canada, BILD’s source of research and analysis for the new home market, reported 987 new low-rise homes sold in April. It was the lowest… Continue Reading

Mortgage professionals: Flaherty’s policies are hurting the economy

Mortgage professionals: Flaherty’s policies are hurting the economy

Canada’s mortgage professionals take a somewhat dimmer view of the future of the housing market than the finance minister does. The Canadian Association of Mortgage Professionals (CAAMP) released a survey today, Change in the Canadian Mortgage Market, which warns of the economic implications of a weakening housing market. CAAMP sees a contradiction between the actual… Continue Reading

Ontario’s home builders urge wooden mid-rise construction

Ontario’s home builders urge wooden mid-rise construction

Ontario’s building industry wants to see changes to the Ontario Building Code that would allow the use of woodframe construction in buildings up to six storeys. At present, the height limit for wooden buildings in Ontario is four storeys. The proposal is set out in a report, titled Unlocking the Potential for Mid-Rise Buildings: Six… Continue Reading

New York condo declares itself smoke free in landmark case

New York condo declares itself smoke free in landmark case

Last week a New York City condo building declared itself smoke free. This probably wouldn’t have made news elsewhere except for the fact that it’s the biggest condominium complex (650 units) in the United States so far to achieve this status. A majority of the unit owners at Manhattan’s Zeckendorf Towers voted to transition their… Continue Reading

Home renovations on the rise in Canada and US

Home renovations on the rise in Canada and US

There’s good news for the home renovations industry, especially for Atlanta-based Home Depot, which operates more than 2,500 stores in Canada the United States, and Mexico. The company reported that its first-quarter net income rose 18 per cent. For the first time since 2008, Reuters reported, sales to contractors and housing professionals were higher than… 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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