Canada's Condominium Magazine

Monthly Archives: January 2015

CP forms new company to develop huge real estate holdings

CP forms new company to develop huge real estate holdings

Canadian Pacific is getting into real estate again. The company responsible for some of Canada’s most iconic hotels—the Chateau Frontenac in Quebec City (seen above), the Royal York in Toronto, the Banff Springs in Alberta, the Empress in Victoria—announced that it has teamed up with Dream in a joint venture to develop some of CP’s… Continue Reading

Ransomware making the rounds again: back up!

Ransomware making the rounds again: back up!

Radio stations forced to go silent as music files are locked and computers frozen. Autopsy and crime scene photos seized. Financial data locked and held from its owners. The dark and lawless side of the Internet reveals itself again, and there is even a sinister-sounding connection to a Russian prison for corrupt policemen and judges.… Continue Reading

Strong housing market translates into good jobs: BILD

Strong housing market translates into good jobs: BILD

The Building Industry and Land Development Association (BILD) is emphasizing the job-creation benefits of Toronto’s current housing market strength. With sales of new low-rise and condo homes reaching close to 40,000 in 2014, the home-building industry created thousands of new jobs and paved the way for job retention “for years to come.” As BILD president… Continue Reading

Price gap widens between low-rise housing and condos

Price gap widens between low-rise housing and condos

Affordability continues to dominate discussions of Toronto real estate as RealNet Canada releases a Strategic Review of the 2014 new home market in the GTA. It comes just a day after TD Economics released its own highly critical analysis of the area’s real estate market. George Carras, president of RealNet, said that the 2014 results… Continue Reading

Skyscrapers made of wood a new form of high-density building

Skyscrapers made of wood a new form of high-density building

Now that Ontario has opened the door to taller wood buildings, architects and engineers are no doubt thinking about how to start using wood creatively. They should look at the German architectural firm, Weingartner Architects, for inspiration. Leonhard Weingartner has spend a lot of time—twenty years, he says—working out how to solve some of today’s… Continue Reading

Other Popular Stories

Even with a dip in home sales, as markets adjust to new rules, new home pricing remains high due to low supply and “right sizing” dilemma

Even with a dip in home sales, as markets adjust to new rules, new home pricing remains high due to low supply and “right sizing” dilemma

Although some recent reports show a drop in actual resale sales — in the short-term dramatic double digit drops according to some brokers — prices are showing no sign of dropping on new homes.[1] The Building Industry and Land Development Association recently released data detailing rising costs for new detached and semi-detached homes, as well…

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…

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