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

Other Popular Stories

What to do Victoria Day weekend: the most fun for the lowest cost in the Greater Toronto Area

What to do Victoria Day weekend: the most fun for the lowest cost in the Greater Toronto Area

  We’ve all been waiting for that first big, warm weekend of the year — Victorial Day. Schools are closed, and many people have extra time off work, and we’re primed and ready to go after all the rain and cool weather this spring. With summer beginning, and a long, celebratory weekend ahead, it is the…

Sellers rushing to cash out? Listings up 32% April while prices increased Nationally an average of 10 % over the last year

Sellers rushing to cash out? Listings up 32% April while prices increased Nationally an average of 10 % over the last year

The impact of the Ontario Government “Fair Housing” rules is starting to be felt, manifesting in the move of some sellers to list their properties – likely to “beat” the  anticipated moderation of prices. Based on Vancouver’s experience with similar rules, economists aren’t expecting a major cool down, and almost certainly a short one.  …

Condo Community Alliance: building a network to keep your family and neighbours happy and safe

Condo Community Alliance: building a network to keep your family and neighbours happy and safe

If you have any experience living in condos and apartments, then you know that living in such close proximity to your neighbours means getting to know them on a really personal level, whether you like it or not. You see and hear far more than you anticipated, from rambunctious children and barking dogs to midnight…

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