Canada's Condominium Magazine

Monthly Archives: May 2015

CMHC proud of its declining mortgage business

CMHC proud of its declining mortgage business

Not many corporations would boast that their business was shrinking, but Canada Mortgage and Housing Corporation (CMHC) is not your typical publicly traded Bay Street entity. CMHC is a Crown corporation, its “shareholders” are the taxpayers of Canada, and it reports to them (us) through Parliament. The corporation released its first quarter financial report today… Continue Reading

Many more renters in US cities in wake of housing crisis: study

Many more renters in US cities in wake of housing crisis: study

One consequence of the “Great Recession” and the housing market collapse in the United States has been an enormous increase in the number of renters. When millions of Americans lost their homes, or sold them to avoid foreclosure, many of those who could afford to moved into rental accommodation. Since 2006, the number of renters… Continue Reading

Ontario needs more immigrants to buy, and build, homes: study

Ontario needs more immigrants to buy, and build, homes: study

Toronto’s real estate market depends on population growth, and growth comes largely through immigration. That has been taken as self-evident truth for many years and is often repeated by analysts as evidence that the housing market is fundamentally sound. As long as there is a steady stream of new immigrants needing housing, the housing market… Continue Reading

Islington Terrace Condos Grand Opening: great value, great location

Islington Terrace Condos Grand Opening: great value, great location

Anyone looking to buy a condo in Toronto these days won’t fail to notice that there’s a lot of choice out there. Even with all the possibilities available, finding the right one can still be a challenge. Yes, location is important, but so are affordability, the quality of the building’s construction and the individual suites’… Continue Reading

Mayor praises “exciting” Aqualina at Bayside development

Mayor praises “exciting” Aqualina at Bayside development

The mayor of Toronto, John Tory, called the project “transformative,” while the deputy head of Waterfront Toronto said it was an example of how buildings can make Toronto “a better place to live.” The representative of master planner and real estate developer Hines International, meanwhile, called it an “incomparable” condominium, and Tridel president Leo DelZotto… 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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