Canada's Condominium Magazine

Monthly Archives: March 2015

Strong real estate helps offset weak natural resources in Teachers’ plan

Strong real estate helps offset weak natural resources in Teachers’ plan

Diversify. It’s one of the fundamental tenets of the successful investor. You don’t put all your eggs in one basket. The performance of the Ontario Teachers’ Pension Plan (Teachers’) provides a good example of why this is true. The plan just announced that its rate of return on investment for the year 2014 was 11.8… Continue Reading

Public interest not served by regulation of skilled trades: report

Public interest not served by regulation of skilled trades: report

Ontario’s construction industry is at a crossroads, says a new report written for some of the province’s most prominent construction associations. The industry’s role is clear: to build “safe and affordable homes” for Ontarians, as well as all the other types of buildings we need, from industrial plants to subways. The problem is a “growing… Continue Reading

Mortgage rates lower than ever, but look for other key features

Mortgage rates lower than ever, but look for other key features

It seems that Canadians are getting used to living in a world in which mortgage rates are low and home prices are high. Canadians have traditionally preferred the security of a fixed-rate mortgage rather than the variable-rate type. CIBC says it has new data showing that the preference for five-year fixed-rate mortgages is stronger than… Continue Reading

Innovation guru tells construction industry it has to change

Innovation guru tells construction industry it has to change

The Canadian Construction Association is just wrapping up its 97th annual conference, held in San Antonio, Texas. Canada’s own innovation guru, Jeremy Gutsche, best-selling author, motivational speaker, and founder and CEO of Trendhunter.com, delivered the kick-off talk which was titled: Adapt & Disrupt: Capture New Business Opportunities and Stay Ahead of the Pack. Gutsche frames… Continue Reading

National condo markets balanced in 2015, except in Alberta: report

National condo markets balanced in 2015, except in Alberta: report

The condominium markets in Canada’s main cities for the remainder of 2015 will perform according to the overall economic conditions in those cities. Calgary and Edmonton will experience weak economic growth because of the collapse of global oil prices, and can expect their condo markets to drop off sharply in terms of sales. Toronto and… Continue Reading

Toronto chef and craft brewer plan luxury villa hotel in Tuscany

Toronto chef and craft brewer plan luxury villa hotel in Tuscany

Tuscany, richest of all the world’s treasuries of art, culture, cuisine and fine living, is where millions of tourists flock to gaze on Michelangelo’s David, and Botticelli’s Primavera; to ponder the beauty of Florence’s famous Duomo, Sienna’s Piazza del Campo and Pisa’s leaning tower. It is the sunny, happy land of rolling hillsides draped in… Continue Reading

Other Popular Stories

Rental Fairness Act: Act of kindness, or barrier to affordable housing? Either way, it will change everything for renters.

Rental Fairness Act: Act of kindness, or barrier to affordable housing? Either way, it will change everything for renters.

With 1.2 million rental households in Ontario, frequently rented from condo-owners, the stakes are high for Ontario residents in a “fairness” rental act. Ontario is following through on their announcements of rent control reform. A news release from Ontario’s Ministry of Housing makes it clear The Rental Fairness Act, 2017, is a coming reality. It’s safe…

Ask the Lawyer: Condo owner worried about legalization of marijuana, if “every household can grow 4 plants… damage could be vast”

Ask the Lawyer: Condo owner worried about legalization of marijuana, if “every household can grow 4 plants… damage could be vast”

Reader Question “I have one concern that is up coming and both Property Management Corp and the Board of Directors should address: it is the legalization of marijuana. With that, every household can grow 4 plants at home. However, if we allow growth of marijuana in a condo unit, the damage could be vast; affecting…

3D printed homes from recycled materials are both green and economical; ideal for low-cost housing?

3D printed homes from recycled materials are both green and economical; ideal for low-cost housing?

3D printing is not new to the construction industry, although a new development from Apis Cor may make it more practical for some applications such as low-cost housing in Municipalities. Unlike older 3D printers, which run on tracks inside “factories” to produce components, the Apis Cor is the first 3D printer that is mobile enough…

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