Canada's Condominium Magazine

Monthly Archives: August 2014

Real estate industry closely regulated, but fraud does occur

Real estate industry closely regulated, but fraud does occur

A couple of current stories about real estate fraud draw attention to one of the fundamental assumptions we make when buying and selling property:  the assumption of trust. The lawyer who handled Toronto condo purchasers’ deposits in the Centrust case has now been arrested for fraud after more than $12 million disappeared from a trust… Continue Reading

Affordability improved in Canada’s housing market: RBC

Affordability improved in Canada’s housing market: RBC

The affordability of housing in Canada improved a little in the second quarter of 2014, RBC Economics reports, mainly due to lower mortgage rates. The RBC Housing Trends and Affordability report says that housing became more affordable in “virtually all” major markets, even though prices continue to rise. Buyers were very active in the second… Continue Reading

Women drawn to architecture, but it’s still a man’s profession

Women drawn to architecture, but it’s still a man’s profession

In 2013, more than half of the University of Toronto’s architecture graduates were female. That should be reason to celebrate, given that in 1920 just one female graduated in architecture. She happened to be the first in Canada. The chair of the architecture department at the time did not attend the convocation, protesting the lone… Continue Reading

Extensive amenities at new Tridel community include basketball court

Extensive amenities at new Tridel community include basketball court

The newest condo offering from Tridel, Islington Terrace, will have one of the most extensive selections of amenities anywhere in the city. Tridel has just released information about what will be available at the new community, and the list is a long one, comprising twenty-five separate items occupying 50.000 square feet of space, indoors and… Continue Reading

Animal chairs from Maximo Riera continue to amaze

Animal chairs from Maximo Riera continue to amaze

Looking for a piece of furniture that’s really different, something you can be pretty sure no one—but no one—else will have among your circle of friends? Have you considered a “sculptural seating entity” designed by Spanish artist, sculptor, poet and designer Maximo Riera? He is most famous for his series of animal chairs, and there… Continue Reading

Condo fraud lesson: know the developer you’re dealing with

Condo fraud lesson: know the developer you’re dealing with

A woman who invested $40,000 in the condominium development called Centrium, which was to be built at Yonge and Finch by a company called Centrust, explained the reason for the terrible predicament that she and about 150 other investors now find themselves dealing with. An immigrant to Canada, she said she thought “everything in Canada… Continue Reading

Other Popular Stories

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…

The Greater Golden Horseshoe could become greater, golder, and greener: Ontario updates land use plans

The Greater Golden Horseshoe could become greater, golder, and greener: Ontario updates land use plans

In an effort to improve livability in the Greater Golden Horseshoe, while protecting the environment, Ontario has passed updated land use plans intended to encourage sustainable communities. The plans were released on May 18, 2017 after two years of review.     These include updates to the Greenbelt Plan, the Growth Plan for the Greater Golden…

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