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

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