Canada's Condominium Magazine

Monthly Archives: April 2014

Bank looking to tap immigrant market, loosens credit rules

Bank looking to tap immigrant market, loosens credit rules

It has become commonplace for analysts of the housing market to point to Canada’s annual immigrant intake as a source of new housing demand. Canada, after all, has the highest rate of immigration per capita in the world (Statistics Canada). Immigration is a significant factor in the country’s population growth, and in the economy. Too… Continue Reading

Canadian workers are happiest, but skilled trades shortages persist

Canadian workers are happiest, but skilled trades shortages persist

Last fall an international survey by Monster.ca and GfK found that Canadians are the most satisfied workers in the world, and no, it’s not that we’re just too polite to complain. Some do have problems with their bosses, and some don’t think they’re paid enough, and others downright hate their jobs, but feel they have no… Continue Reading

Home renovating fastest growing segment of housing industry

Home renovating fastest growing segment of housing industry

The home renovation industry is growing faster than the home building industry in Canada. The total value of residential housing in Canada in 2013 was $128 billion, according to a new Scotiabank Industry Trends report on housing. The biggest share of that, 45 per cent, came from new home construction, followed by renovation spending at… Continue Reading

Tridel’s B.O.L.T. program holds annual Casino Night fundraiser

Tridel’s B.O.L.T. program holds annual Casino Night fundraiser

In 2009, Canada’s pre-eminent condominium builder, Tridel, launched a new initiative to address a problem the developer perceived to be affecting the construction industry. That problem was, and is, a shortage of skilled trades people, and it is at least partly the result of lack of awareness and learning opportunities for young people. The need… Continue Reading

Condo sales, rentals showed strong growth in first quarter of 2014

Condo sales, rentals showed strong growth in first quarter of 2014

Large numbers of first-time buyers as well as many “seasoned home owners” continued to choose condominiums to meet their changing housing needs in Toronto in the first three months of 2014. The Toronto Real Estate Board released its quarterly report on condo sales in the GTA, and TREB president Dianne Usher said that home buyers… 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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