Canada's Condominium Magazine

Monthly Archives: July 2014

New home sales soared in June: condo sales up 94 per cent

New home sales soared in June: condo sales up 94 per cent

New homes are selling at higher-than-average rates in the GTA, particularly in the City of Toronto. RealNet Canada Inc., the official source of data about the new-home market for the Building Industry and Land Development Association (BILD), reports 4,608 new-home sales in June. This was the third highest June in the last decade for new… Continue Reading

Toronto home buyers are buying into the evolving condo lifestyle

Toronto home buyers are buying into the evolving condo lifestyle

Buyers of condos nowadays are often buying much more than four walls and a view. More and more today we’re seeing the words “sustainability” and “smart” applied to condos, and buyers are coming to expect more in these areas. Condos are uniquely able to offer the latest smart home technology, like Samsung’s, giving home owners… Continue Reading

Lack of communication threatens IT security: report

Lack of communication threatens IT security: report

It’s ironic that one of the biggest weaknesses threatening the security of the Internet, the world’s greatest communications system, is lack of communication. A new report on the state of the world’s IT security says that a lack of communication between IT security professionals and company executives is helping cybercriminals attack organizations around the world. While… 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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