Canada's Condominium Magazine

Monthly Archives: November 2013

Toronto new home sales spike in October

Toronto new home sales spike in October

Understanding housing market cycles in Toronto can be challenging. The usual factors that cause the rises and falls in market activity don’t seem to apply these days. The Bank of Canada’s overnight lending rate, which affects mortgage interest rates, which in turn affect people’s decisions to buy a home, hasn’t changed in more than three… Continue Reading

Grand opening of exceptional SQ condos from Tridel

Grand opening of exceptional SQ condos from Tridel

[highlight]SQ Grand Opening Saturday November 23 at 12 Noon [/highlight] The latest offering from Toronto’s foremost condominium developer promises to be one of the most outstanding of all—SQ, for Spadina and Queen, from Tridel, officially launches Saturday, November 23. Buyers interested in living or investing in one of the most unique condo developments in the city… Continue Reading

Condo rentals at record highs in Toronto

Condo rentals at record highs in Toronto

Searching for a home to buy is exciting, even joyous, most people would probably agree. There may be disappointment along the way, even heartbreak, and it can certainly take a good deal of time and effort, but somehow one doesn’t mind, because the result will be (one imagines) that perfect home. Searching for an apartment… Continue Reading

Canadians continue to feel positive about their mortgages

Canadians continue to feel positive about their mortgages

The roughly five and a half million Canadians who hold mortgages on their homes are pretty pleased with themselves, on the whole. They use words like “comfortable,” “confident,” “content,” and “secure” to describe themselves in relation to their mortgage debt—all very healthy and sensible. Most of them have a good amount of equity in their… Continue Reading

Other Popular Stories

15 percent non-resident speculation tax becoming reality for Ontario; may help temper “frantic” real estate market “without unintended consequences”

15 percent non-resident speculation tax becoming reality for Ontario; may help temper “frantic” real estate market “without unintended consequences”

As expected, Kathleen Wynn moved to cool down the sizzling hot GTA real estate market with a bundle of measures, led by new 15 percent non resident speculation tax. Investors who are residents are exempt, although separate “policies” may also target locals. Expanded rent controls are also certain. “When I talk about the frenzy in…

Ask the Lawyer: Condo owner wants action on noisy Airbnb “tenants”

Ask the Lawyer: Condo owner wants action on noisy Airbnb “tenants”

Reader Question: “I believe my neighbour is renting out with Airbnb. I see people I don’t know coming and going, making lots of noise. I also don’t feel safe in this environment. What can I do about this? So far, complaining to management hasn’t helped.” Do you have a question for Richard? Please reach out…

Sousa again promises action in GTA real estate market and rent controls in “coming week”

Sousa again promises action in GTA real estate market and rent controls in “coming week”

In another of several announcements promising action on the Ontario housing market — this one promising “in the coming week” — Ontario’s Finance Minister Charles Sousa revealed more details of the pending plan to rein in speculative market pricing in the GTA area. A combination of low supply and excessive demand has thrust house pricing…

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