Canada's Condominium Magazine

Monthly Archives: April 2015

Avoid mortgage insurance increase with 10 per cent down payment

Avoid mortgage insurance increase with 10 per cent down payment

Few people would silently accept an overnight 15 per cent hike in charges for their phone bill, say, or their electricity bill, or just about anything else. A rate increase that large, even if it did not apply to one’s present account, would still be considered excessive and unacceptable. But Canada Mortgage and Housing Corporation,… Continue Reading

Tarion Awards honour builders with best customer service

Tarion Awards honour builders with best customer service

Only one award in Ontario recognizes the province’s home building industry solely based on customer service: the Tarion Awards of Excellence. As Tarion president and CEO Howard Bogach put it in the announcement of this year’s nominees, “A great home builder ensures their customers feel supported long after they’ve settled into their new home. The… Continue Reading

Other Popular Stories

15 percent non-resident speculation tax becoming reality for Ontario; may help temper “frantic” real estate market “without unintended consequences”

15 percent non-resident speculation tax becoming reality for Ontario; may help temper “frantic” real estate market “without unintended consequences”

As expected, Kathleen Wynn moved to cool down the sizzling hot GTA real estate market with a bundle of measures, led by new 15 percent non resident speculation tax. Investors who are residents are exempt, although separate “policies” may also target locals. Expanded rent controls are also certain. “When I talk about the frenzy in…

Ask the Lawyer: Condo owner wants action on noisy Airbnb “tenants”

Ask the Lawyer: Condo owner wants action on noisy Airbnb “tenants”

Reader Question: “I believe my neighbour is renting out with Airbnb. I see people I don’t know coming and going, making lots of noise. I also don’t feel safe in this environment. What can I do about this? So far, complaining to management hasn’t helped.” Do you have a question for Richard? Please reach out…

Sousa again promises action in GTA real estate market and rent controls in “coming week”

Sousa again promises action in GTA real estate market and rent controls in “coming week”

In another of several announcements promising action on the Ontario housing market — this one promising “in the coming week” — Ontario’s Finance Minister Charles Sousa revealed more details of the pending plan to rein in speculative market pricing in the GTA area. A combination of low supply and excessive demand has thrust house pricing…

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