Canada's Condominium Magazine

Monthly Archives: April 2014

Housing affordability improved thanks to low mortgage rates

Housing affordability improved thanks to low mortgage rates

The Canadian housing market is less affordable than it has been for the past twenty-five years, but affordability did improve somewhat at the beginning of 2014. The market remains “rather lively” and there has been no “noticeable cooling” of activity. Housing data behind the most recent Desjardins Affordability Index show that Canadian households were a… Continue Reading

Uncertainty impedes IT adoption in Canadian companies: PwC

Uncertainty impedes IT adoption in Canadian companies: PwC

Canadian companies know that information technology is important to their success, but they don’t necessarily know how to use it effectively. That’s the finding of a new PwC study, its sixth Annual Digital IQ Survey. The survey measures how businesses “understand, value and weave technology throughout their organizations.” Technological change was identified by survey respondents… Continue Reading

How to become a billionaire entrepreneur

How to become a billionaire entrepreneur

Here is what you need to do to become a billionaire “superentrepreneur.” Live in a country with low tax rates, a low regulatory burden, and a government that encourages entrepreneurship (mainly through low tax rates, especially capital gains tax). Go to school, and stay there until you have a Ph.D. Be creatively destructive, and choose… Continue Reading

Ontario Real Estate Association blasts Toronto land transfer tax

Ontario Real Estate Association blasts Toronto land transfer tax

The Ontario Real Estate Association (OREA) has come out with all guns blazing against Toronto’s Municipal Land Transfer Tax (MLTT), citing several new reports that condemn the tax as a job-killing, economy-stifling wet blanket that must be repealed. Since the tax took effect in 2008, OREA says, Toronto has lost out on almost 40,000 home… Continue Reading

Tridel’s Aqualina honoured at BILD Awards for design, sales team

Tridel’s Aqualina honoured at BILD Awards for design, sales team

Each year the Building Industry and Land Development Association (BILD) hands out awards for the best of the year’s home-building projects in the GTA. Awards are given in forty-seven different categories, for both high-rise and low-rise developments. The categories include marketing, public relations, design, community building and green building practices, as well as several special… Continue Reading

CMHC’s tighter rules could be a pain for many home buyers

CMHC’s tighter rules could be a pain for many home buyers

Canada Mortgage and Housing Corporation (CMHC) says that new restrictions on mortgage loan insurance announced on Friday will not affect large numbers of Canadian home buyers. Maybe not, but those affected will certainly feel it. The agency says that will be about 3 per cent of its “insured business volumes in units.” Under the bland bureaucratese,… Continue Reading

Prizes awarded for waterfront development ideas

Prizes awarded for waterfront development ideas

The non-profit Urban Land Institute, a Toronto think tank for urban development and land use, held a competition to get designers and planners thinking about the perennial Toronto problem: how to reconnect the city with the waterfront. Because of the way the city developed, with a massive east-west transportation corridor running parallel to the waterfront,… Continue Reading

World congress on health and design in Toronto: can you say salutogenesis?

World congress on health and design in Toronto: can you say salutogenesis?

Toronto hosts some unusual and interesting events, but a five-day conference that attracts some of the leading architects, designers, intellectuals and health specialists from around the world has to be something special. A major international event about health care, one of this country’s favourite topics to complain about, would be enough to generate interest all… Continue Reading

Other Popular Stories

Rental Fairness Act: Act of kindness, or barrier to affordable housing? Either way, it will change everything for renters.

Rental Fairness Act: Act of kindness, or barrier to affordable housing? Either way, it will change everything for renters.

With 1.2 million rental households in Ontario, frequently rented from condo-owners, the stakes are high for Ontario residents in a “fairness” rental act. Ontario is following through on their announcements of rent control reform. A news release from Ontario’s Ministry of Housing makes it clear The Rental Fairness Act, 2017, is a coming reality. It’s safe…

Ask the Lawyer: Condo owner worried about legalization of marijuana, if “every household can grow 4 plants… damage could be vast”

Ask the Lawyer: Condo owner worried about legalization of marijuana, if “every household can grow 4 plants… damage could be vast”

Reader Question “I have one concern that is up coming and both Property Management Corp and the Board of Directors should address: it is the legalization of marijuana. With that, every household can grow 4 plants at home. However, if we allow growth of marijuana in a condo unit, the damage could be vast; affecting…

3D printed homes from recycled materials are both green and economical; ideal for low-cost housing?

3D printed homes from recycled materials are both green and economical; ideal for low-cost housing?

3D printing is not new to the construction industry, although a new development from Apis Cor may make it more practical for some applications such as low-cost housing in Municipalities. Unlike older 3D printers, which run on tracks inside “factories” to produce components, the Apis Cor is the first 3D printer that is mobile enough…

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