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

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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