Canada's Condominium Magazine

Monthly Archives: September 2014

Condo market a story of permits and starts

Condo market a story of permits and starts

Even Hollywood star Denzel Washington seemed surprised. Answering a reporter’s question as he did the red carpet at TIFF, Washington said with amazement, “There are condos everywhere!” Not quite everywhere, but maybe by the next time he comes to town. For the number of building permits issued in Canada in July, and specifically in Toronto,… Continue Reading

Another study pinpoints Toronto’s transportation problems

Another study pinpoints Toronto’s transportation problems

Toronto has more corporate headquarters than any other city in Canada. Many of those headquarters are in the financial services. The city has the highest concentration of financial services headquarters employees in Canada. Domestically, Toronto is the financial capital. But how can Toronto take it to the next level, continue to grow as a financial… Continue Reading

Mortgage brokers do well matching clients with suitable mortgages

Mortgage brokers do well matching clients with suitable mortgages

Canadians who are in the market for a home mortgage but unsure of the best mortgage available to them can take comfort in knowing that the country’s mortgage brokers are, for the most part, doing their jobs. The body that regulates mortgage brokers, the Mortgage Broker Regulators’ Council of Canada (MBRCC), had made mortgage suitability… Continue Reading

Luxury condo market will continue to boom in GTA: Sotheby’s

Luxury condo market will continue to boom in GTA: Sotheby’s

Toronto’s luxury home market outperformed the rest of the country in the first half of this year and will continue to do so right into 2015. So says Sotheby’s International Realty Canada, specialists in “top-tier” real estate. Sales of luxury homes in Toronto, meaning those priced over $1 million, increased significantly in the first half… Continue Reading

Summer ending on high note with strong August resale numbers

Summer ending on high note with strong August resale numbers

After peaking in May, the real estate resale market in Toronto begins the gradual slide that eventually ends in the depths of December. This year is no exception. August sales were up slightly compared to last August—2.8 per cent—but down compared to May, June and July, as is usual. The Toronto Real Estate Board (TREB) reported… Continue Reading

Other Popular Stories

Easter can be dangerous for pets and children: lilies, ham and chocolate can be toxic

Easter can be dangerous for pets and children: lilies, ham and chocolate can be toxic

Easter can be dangerous for young children and pets if condo owners display seasonal Easter lilies and other flowers. Also topping the list of easter cautions for pets in particular: ham is dangerous for cats and dogs and can cause pancreatitis tasty packaging: good foods with tasty smells can be ingested by pets, leading to choking…

Ontario to target real estate "scalpers" with "responsible reforms" to help cool rises in home prices

Ontario to target real estate "scalpers" with "responsible reforms" to help cool rises in home prices

As expected, Finance Minister Charles Sousa announced that pending Ontario government intervention will target speculators — an attempt to help ordinary buyers and sellers. He emphasized that the Ontario government would not be targeting real estate agents who facilitate bids. In his remarks to journalists at Queen’s Park, he compared speculators to “scalpers” who grab…

Ask the Lawyer: Richard Hoffman replies to a reader concerned over a fire caused by a resident with dementia

Ask the Lawyer: Richard Hoffman replies to a reader concerned over a fire caused by a resident with dementia

By popular demand, Condo.ca, Canada’s Condominium Magazine, is pleased to bring back “Ask the Lawyer.” We invite readers to submit their condo related questions to Richard Hoffman, a lawyer with DelZotto, Zorzi LLP, practicing in the area of condominium law. Do you have a question for Richard? Please reach out to us through our contact…

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