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

Rental Fairness Act: Act of kindness, or barrier to affordable housing? Either way, it will change everything for renters.

Rental Fairness Act: Act of kindness, or barrier to affordable housing? Either way, it will change everything for renters.

With 1.2 million rental households in Ontario, frequently rented from condo-owners, the stakes are high for Ontario residents in a “fairness” rental act. Ontario is following through on their announcements of rent control reform. A news release from Ontario’s Ministry of Housing makes it clear The Rental Fairness Act, 2017, is a coming reality. It’s safe…

Ask the Lawyer: Condo owner worried about legalization of marijuana, if “every household can grow 4 plants… damage could be vast”

Ask the Lawyer: Condo owner worried about legalization of marijuana, if “every household can grow 4 plants… damage could be vast”

Reader Question “I have one concern that is up coming and both Property Management Corp and the Board of Directors should address: it is the legalization of marijuana. With that, every household can grow 4 plants at home. However, if we allow growth of marijuana in a condo unit, the damage could be vast; affecting…

3D printed homes from recycled materials are both green and economical; ideal for low-cost housing?

3D printed homes from recycled materials are both green and economical; ideal for low-cost housing?

3D printing is not new to the construction industry, although a new development from Apis Cor may make it more practical for some applications such as low-cost housing in Municipalities. Unlike older 3D printers, which run on tracks inside “factories” to produce components, the Apis Cor is the first 3D printer that is mobile enough…

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