Canada's Condominium Magazine

Monthly Archives: November 2013

Toronto market remains hot in November

Toronto market remains hot in November

The Canadian Real Estate Association (CREA) reported last week that Canadian home sales in October were down slightly compared to September, with 3.2 per cent fewer sales across the country. It was the first dip, nationally, since last February, and it prompted more comments and headlines about the on-going correction in the housing market. In… Continue Reading

Let there be LED light this Christmas

Let there be LED light this Christmas

Anyone heading out to purchase Christmas lights for the upcoming holiday season should stop and consider skipping the old incandescent lights and switching to LEDs instead. If the environmental argument doesn’t persuade you, maybe the financial one will. That environmental point is well worth making, though. The burning of all those tens of millions of… Continue Reading

Huge over-asking price on Toronto home raises question of appraisals

Huge over-asking price on Toronto home raises question of appraisals

There’s new evidence of shocking behaviour in Toronto, and we aren’t talking about Rob Ford. It’s reported today that a five-bedroom detached Edwardian house in Little Italy sold for 30 per cent more than asking. No fewer than sixteen real estate agents presented offers. The buyer paid $271,000 over the asking price of $849,000. The… Continue Reading

Echo boomers hold the key to Toronto’s housing market: CMHC

Echo boomers hold the key to Toronto’s housing market: CMHC

Baby boomers, so the stereotype has it, think that they are the greatest generation ever. Well, it’s true, if not in actual achievement (it wasn’t the boomers who fought two World Wars and made the world safe for democracy) then at least in sheer cultural and economic influence since then. Their exceptionalism lies in the… Continue Reading

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