Canada's Condominium Magazine

Monthly Archives: May 2014

Strong Q1 for new home sales in GTA

Strong Q1 for new home sales in GTA

The new-home market in the GTA continues to show signs of vigour. Sales of new homes in April were up 17 per cent over the same period last year, RealNet Canada reports. In the GTA in April, 3,243 new homes were sold. Homes in the low-rise category—single detached, semis and townhouses—had the strongest sales. Low-rise… Continue Reading

Tour the sumptuous amenities of Blythwood at Huntington

Tour the sumptuous amenities of Blythwood at Huntington

Blythwood at Huntington is a rarity in Toronto, a blend of urban sophistication and luxury situated in a park-like setting that’s all natural. The new condo community from Tridel and Concert sits in one of the city’s loveliest, leafiest neighbourhoods, Lawrence Park, overlooking the Sherwood Park Ravine near Eglinton and Bayview. The country club setting… Continue Reading

Price growth to slow in Toronto’s housing market: CMHC

Price growth to slow in Toronto’s housing market: CMHC

The word for Toronto this year seems to be “resilient.” The city was named the world’s most resilient city by a British property company, Grosvenor Group, in April. Now Canada Mortgage Housing Corporation (CMHC), under a headline that proclaims the resilience of Toronto’s real estate market, says that housing starts are set to decline this… Continue Reading

Toronto Public Library reveals new literary map of Toronto

Toronto Public Library reveals new literary map of Toronto

Toronto didn’t make it onto the list of top 10 literary cities put together by National Geographic magazine in 2011 (a list on which Edinburgh and Dublin both took precedence over London, for unexplained reasons), but that doesn’t mean this isn’t a city of books, readers, authors and literary connections. The Toronto Public Library has… Continue Reading

Canadian honoured with Lifetime Achievement Award at Venice Biennale

Canadian honoured with Lifetime Achievement Award at Venice Biennale

One of Canada’s best-known architect/philanthropists has been named the recipient of the prestigious Golden Lion award at the Venice Architecture Biennale. Phyllis Lambert, daughter of Seagram liquor magnate Samuel Bronfman of Montreal, receives the Lifetime Achievement Award for “her huge contribution to architecture.” The Venice Biennale chair and director singled out Lambert’s role “as a… 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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