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Monthly Archives: July 2013

Moderate price gains, better sales numbers in Q2 condo market

The Toronto Real Estate Board today released its condo market report for the second quarter of the year and the sales numbers have improved markedly when compared to the first quarter. Sales of condos in the GTA were down by about 6 per cent, compared to the same period last year. In actual numbers of units sold in the city of Toronto, the difference between this quarter and Q2 2012 was 206 units. By comparison, the difference between first-quarter sales this year and last was 17 per cent: 589 fewer condominiums had sold in Toronto as of the end of April this year than at the same time last year. ... Read More »

Fourth consecutive month of improved sales brings housing market to near-2012 levels

Home sales improved in two-thirds of Canada’s real estate markets in June, the Canadian Real Estate Association (CREA) reports. The number of homes sold rose 3.3 per cent compared to May’s sales, the fourth consecutive month to show an increase. The combined monthly increase in sales since February is now 11 per cent. On a year-over-year basis, sales activity in June was marginally lower (0.6 per cent) than in June, 2012. These latest national sales numbers show that fears of an impending crash in the market were exaggerated That dip in year-over-year sales in June nearly matches a drop (0.5 per cent) in new listings. The small month-over-month decline in ... Read More »

Tridel, Tower Labs leaders in supporting BIM in Toronto’s building industry

It has been called a revolution in the global construction industry. And as with all revolutions, those who catch the wave will be swept to greater heights; those who miss it or resist will be left behind. “It” is BIM—Building Information Modeling—and governments, educational institutions and industry leaders around the world are rapidly realizing that it changes everything. Many government agencies in the US and elsewhere now require BIM models as deliverables for government-contracted work. The key word in the name is “information.” BIM is not just about creating computer-generated 3D models showing how a building will look when completed, the kind of thing you might see used to sell ... Read More »

U of T engineers take top prize for human-powered helicopter flight

The team of engineering students from the University of Toronto that successfully flew a human-powered helicopter on June 13 has been awarded the American Helicopter Society/Igor Sikorsky Human Powered Helicopter Competition prize of $250,000. AeroVelo Inc. is the Toronto team’s company, led by a pair of U of T engineering graduates, Todd Reichert and Cameron Robertson. The prize, according to AeroVelo, is the third largest in aviation history. The Sikorsky challenge was first issued in 1980. It has taken until now for anyone to successfully meet the conditions. The human-powered helicopter had to rise three metres and hover in place over a 10×10 metre area for one minute. The AeroVelo ... Read More »

Luxury home market thriving in Toronto

Residential real estate is a tale of two markets—luxury and everything else. Bonnie Stone Sellers, CEO, Christie’s International Real Estate The luxury real estate market is in pretty good shape in Canada, and particularly in Toronto. A report from Sotheby’s International Realty Canada says that activity in this market showed overall strength and positive momentum in the first six months of 2013. Sales of luxury homes, defined as those selling for over $1 million, were up quite significantly in several markets across the country, compared to the last six months of 2012. In Toronto, the increase in sales of homes in the $1–2 million and $2–4 million ranges nearly doubled: up ... Read More »

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