Canada's Condominium Magazine

Monthly Archives: October 2014

Detroit developer buys 6,000 properties for $500 a piece

Detroit developer buys 6,000 properties for $500 a piece

Two cities, two very different real estate markets. Detroit is the current poster city of rampant urban blight in North America. Toronto is the poster city for rampant growth and development. This week, Detroit auctioned a parcel of 6,000 foreclosed homes, a package that included 1,000 vacant lots, 1,000 houses in “disrepair” and 4,000 abandoned… Continue Reading

Condo managers group to hold annual conference

Condo managers group to hold annual conference

The condominium industry in Ontario is “growing up,” as the aptly titled report from Canada’s Public Policy Forum puts it. After a lengthy review process that included province-wide public consultation, roundtable discussions, and review by panels of experts, a final set of recommendations was made to the government. A new draft of the Condominium Act… Continue Reading

Realtor gets apology from RCMP after “nightmare” experience

Realtor gets apology from RCMP after “nightmare” experience

A realtor from Ottawa who thought she was helping the RCMP in their crime fighting has now been given a public apology, five years after she was incorrectly implicated in wrongdoings pertaining to a secret commercial real estate transaction. The secret transaction in question was carried out on behalf of the RCMP. The realtor was… Continue Reading

Exhibit explores power of powerful women’s fashion

Exhibit explores power of powerful women’s fashion

Zaha Hadid, arguably the most powerful woman in the world of architecture, is everywhere. The London-based Pritzker Prize-winning architect has projects on the go in Europe, Asia, and the Americas, 950 in all, in 55 countries. She’s designing luxury hotels in China, a genocide memorial museum in Cambodia, an aquatics centre in London. Nor does… Continue Reading

Urbanization driving condo boom, mixed-use development: PwC

Urbanization driving condo boom, mixed-use development: PwC

Despite the title, Emerging Trends in Real Estate, urbanization is no longer an emerging trend, but rather the new normal. That is the conclusion of PwC’s latest annual survey of Canadian and US real estate markets. “No shocks and few surprises,” on the Canadian side. The year 2015 will be “steady,” with the Canadian economy delivering… 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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