Canada's Condominium Magazine

Monthly Archives: April 2015

Low risk, modest overvaluation in housing markets: CMHC

Low risk, modest overvaluation in housing markets: CMHC

The two Canadian cities with the highest-risk housing markets are—Regina and Winnipeg? Expensive Vancouver’s housing market is low risk? Toronto with its million-dollar average homes, runaway sales and bidding wars is just moderately risky? That’s what the man wrote, the man at Canada Mortgage and Housing Corporation (CMHC). Chief Economist Bob Dugan said in a… Continue Reading

CivicAction Summit tackles city’s main social problems

CivicAction Summit tackles city’s main social problems

What are the most important issues that face a city like Toronto at this point in our history? Employment? Homelessness? Transit? All of those, no doubt, but for this year’s CivicAction Summit, dubbed the “Better City Bootcamp,” the priorities may seem a little surprising: Housing affordability Mental health support in the workplace Childhood health Infrastructure… Continue Reading

Canada’s businesses not coping well with disruptive technologies: reports

Canada’s businesses not coping well with disruptive technologies: reports

Two new studies find that Canadian companies, including the banks, are falling behind the rapid pace of technological change sweeping the world. A Deloitte study warns that Canada’s corporations are woefully unprepared for the future—that means tomorrow, in this age of non-stop technological disruption—while a survey of Canada’s bank customers reveals that the financial institutions… Continue Reading

Finch West LRT a go; will not disrupt trucking, says mayor

Finch West LRT a go; will not disrupt trucking, says mayor

Another line on the transit map of Toronto will soon change from “future” to “existing.” The Finch West LRT line is to go ahead. Ontario’s transportation minister, Steven Del Duca, announced the construction today, saying that building the Finch West line was a question of putting “progress before politics.” Though the line is being financed… 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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