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

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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