Canada's Condominium Magazine

Monthly Archives: September 2014

NYC co-op story stranger than fiction

NYC co-op story stranger than fiction

The first thing that strikes one about this very peculiar real estate story is the fact that the protagonist, a woman named Arlene Farkas, long-time resident of the very classy old-money Manhattan co-op building called River House, is reported to owe $6 million on her mortgage. The luxury apartment she lives in has either fourteen… Continue Reading

Island airport’s popularity high, but jets are another question

Island airport’s popularity high, but jets are another question

The president of Porter Airlines, Robert Deluce, is emphatic about his airline’s financial health and its future viability. Asked on the CBC radio program As It Happens whether his just-announced decision to sell the terminal at Billy Bishop Airport was a sign that the company was in financial difficulty, he said “no.” Far from it,… Continue Reading

Toronto 2030 District gearing up to meet carbon-neutral challenge

Toronto 2030 District gearing up to meet carbon-neutral challenge

Can downtown Toronto become a carbon-neutral district in just fourteen years from now? Yes, if key building industry players get on board and work to meet that goal, according to the Toronto 2030 District initiative. Not only will they help solve one of the world’s biggest problems, they will realize that high-performing buildings are the… Continue Reading

Other Popular Stories

Home starts in Toronto at 253,720, highest level since September 2007

Home starts in Toronto at 253,720, highest level since September 2007

Against projections of 215,000 housing starts in Canada, the actual rate for March 2017 landed at 253,720 (seasonally adjusted.) This is considerably up from projected numbers, and significantly up from 214,253 in February, as reported by the Canada Mortgage and Housing Corporation CCMHC).[1] Previous years seasonally adjusted annual rates were 197,915 for 2016 and 195,535 for 2015….

Bank is betting that Canadians are ready for a fully digital mortgage experience

Bank is betting that Canadians are ready for a fully digital mortgage experience

The president and CEO of Alterna Bank said recently, on the launch of the bank’s end-to-end digital mortgage, that the process of applying for a traditional mortgage puts buyers “through the wringer.” In the time it takes to get a mortgage in the old, non-digital way, a buyer could lose out on three or four…

Calls for policy change as Toronto real estate market soars in March

Calls for policy change as Toronto real estate market soars in March

Looking at March resale numbers for detached homes in the GTA one might be left with the impression that the market is in pretty good shape. A total of 5,887 single detached homes were resold, representing an increase of almost 20 per cent year over year. Other than in the condo resale market, where the…

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