Canada's Condominium Magazine

Monthly Archives: April 2015

Housing starts roar back in March, doubling in Toronto

Housing starts roar back in March, doubling in Toronto

The number of housing starts in Canada rose a hefty 25 per cent in March, with even larger increases in Ontario and Toronto. The increases were seen in all parts of the country except the Atlantic provinces, reports Canada Mortgage and Housing Corporation (CMHC). The renewed housing activity, almost entirely in the urban multiple-unit segment,… Continue Reading

Toronto new home builders hit pause in February: Statistics Canada

Toronto new home builders hit pause in February: Statistics Canada

Toronto real estate commentators like to boast (or worry) that the city has the greatest number of high-rise condominiums under construction of any city in North America, if not the world. They love to rhyme off statistics—57,000 condo units under construction in Toronto at the end of 2014; the widest price gap between single-detached homes… Continue Reading

Realtors in U.S. debate whether guns make them safer

Realtors in U.S. debate whether guns make them safer

When Toronto realtors get together to talk shop, compare notes, complain about how business is going and generally kvetch, they may cover a lot of ground: commissions, land transfer taxes, bidding wars, the latest new pre-construction condo sales, the best way to use social media to generate leads. They almost certainly do not talk about… Continue Reading

Each generation has its own idea of luxury real estate

Each generation has its own idea of luxury real estate

Valerie Rosedale is alive and well and living in—Rosedale, of course. Wealthy Torontonians of a certain age still favour the good old neighbourhoods. These “luxury real estate traditionalists,” as a Top Tier report from Sotheby’s International Realty Canada calls them, still shop for homes in Forest Hill and Rosedale. What’s more, this highly influential group,… Continue Reading

Millennials are smart, responsible, and able to afford a home: Genworth

Millennials are smart, responsible, and able to afford a home: Genworth

If Genworth Canada, the country’s largest private mortgage company, is right, we have nothing to worry about as far as the Canadian housing market is concerned. Canadian homebuyers are behaving themselves admirably, saving their down payments, consulting with experts before buying, setting realistic goals in terms of a home, and generally doing everything right. In… Continue Reading

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