Canada's Condominium Magazine

Monthly Archives: September 2014

The reverse mortgage: approach with caution

The reverse mortgage: approach with caution

Suddenly reverse mortgages are being talked about again. The reverse mortgage is one of those products that seems to create a lot of confusion among consumers, if not controversy. Just consider the headlines on a couple of recent stories—“Love them or loathe them, reverse mortgages have a place” from the New York Times; “Why Financial… Continue Reading

New home sales strong in August: BILD

New home sales strong in August: BILD

The new homes market in Toronto had another strong month in August, the Building Industry and Land Development Association (BILD) reports. RealNet Canada, BILD’s official source for new-home intelligence, says that sales were up 60 per cent compared to last year, with large increases in both high-rise and low-rise sectors. The number of new low-rise… Continue Reading

Award-winning Alexandra Park construction gets underway

Award-winning Alexandra Park construction gets underway

Construction of the revitalized Alexandra Park community in downtown Toronto began just this month, and the huge redevelopment has already been given an award for planning excellence, Neighbourhood Planning category, by the Canadian Institute of Planners. Alexandra Park is an eighteen-acre site, originally developed in the late 1960s, bounded by Dundas, Spadina, Queen and Bathurst.… Continue Reading

Green buildings really are more profitable: report

Green buildings really are more profitable: report

Have you ever complained that the air-conditioning at the office made it too cold for you to work comfortably? Have you ever been driven to distraction, literally, by noisy construction workers outside your building? Have you ever wished you had a window in your office, or even some natural light rather than the ubiquitous fluorescent… Continue Reading

Ontario wood industry welcomes new six-storey height limit

Ontario wood industry welcomes new six-storey height limit

Starting on January 1, 2015, it will be legal in Ontario to construct wood-frame buildings up to six storeys high. The previous height limit for wood frame construction was four storeys. Building code changes will give builders more flexibility in choosing their building materials, while setting the highest fire safety requirements in Canada, the government… Continue Reading

Homebuyers choose walkability over size: RBC

Homebuyers choose walkability over size: RBC

Here is a syllogism for you. Most people live where they can afford to live. Most people would prefer to live in location-efficient neighbourhoods. Therefore, most people would live in a location-efficient neighbourhood if they could afford to. In a nutshell, that’s the conclusion of the latest Pembina Institute/RBC research into homebuyer preferences in the GTA.… 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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