Canada's Condominium Magazine

Monthly Archives: August 2014

National home sales, prices up in July

National home sales, prices up in July

Data from the Canadian Real Estate Association (CREA) confirm that sales activity in the housing market in Canada is within ten-year averages. National home sales increased for the sixth consecutive month in July, rising by 0.8 per cent compared to June. On a year-over-year basis, the July increase in sales was 7.2 per cent. Both… Continue Reading

Country’s condo markets have reasonable outlook: report

Country’s condo markets have reasonable outlook: report

“Reasonable” is the reassuring word for the Canadian condominium market’s outlook in the coming year or so. Two of Canada’s most trusted voices, the Conference Board of Canada and Genworth Canada, the latter being the country’s largest private residential mortgage insurer, teamed up to produce a report on the eight largest condo markets in Canada,… Continue Reading

Headache? Check your cosmetics and cleaning products labels

Headache? Check your cosmetics and cleaning products labels

The sheer number of potentially harmful substances that surround us is staggering, and more and more are added regularly. Canada’s Chemicals Management Plan recently announced that it had gathered new information on 1,340 of 2,700 substances present in consumer products, including food, household cleaners and cosmetics, and children’s toys. The information will be used to… Continue Reading

Housing starts up, affordability slipping for many

Housing starts up, affordability slipping for many

The unpredictability of the Canadian housing market can be seen in the frequent use of words like “unexpected” and “beats expectations” in media reports on housing starts and sales. So today the stories from Reuters and Bloomberg are full of “rose unexpectedly,” “bucked forecasts,” and “beat economists’ predictions” as they report on Canada Mortgage and… Continue Reading

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