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

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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