Canada's Condominium Magazine

Monthly Archives: March 2014

World real estate booming, Canada doing fine: report

World real estate booming, Canada doing fine: report

Why do analysts devote so much time to real estate? Because, in a word, it is important. In Canada and the United States, the residential real estate industry, including housing services and consumer investment, accounts for about 17–19 per cent of GDP. This includes construction of single-family and multi-family homes, remodeling, production of manufactured homes… Continue Reading

Re-imagining the parking garage

Re-imagining the parking garage

Public parking in Toronto, as in most cities, has always been a very utilitarian, boring affair. Most of the ugly open ground-level parking lots have disappeared in the last couple of decades, and parking today is either underground, as at City Hall and many other downtown buildings, or in above-ground structures, like the one next… Continue Reading

Continuing improvement in new home sales: BILD

Continuing improvement in new home sales: BILD

There is positive news from the new home sector of Toronto’s real estate market today as the Building Industry and Land Development Association (BILD) released its latest sales numbers. Sales of new homes and condominiums in the GTA are improving, with February sales extending to seven months the run of year-over-year increases. RealNet Canada, the… 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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