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

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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