Canada's Condominium Magazine

Monthly Archives: May 2015

Condo owners survey adds to understanding of investor activity

Condo owners survey adds to understanding of investor activity

The second Canada Mortgage and Housing Corporation (CMHC) Condominium Owners Report focused on the most “accessible” group of real estate investors, ordinary homeowners who live in the city where they own one or two properties. In this case, the city is either Toronto or Vancouver. The survey shows that just under one in six condo… Continue Reading

Realtors better be social media savvy to reach Gen Y home buyers

Realtors better be social media savvy to reach Gen Y home buyers

Given their enormous economic clout, estimated at as much as $700 billion in spending power in the US, it’s not surprising that the millennial generation, also known as Generation Y, is so studied and scrutinized. Everybody, especially every marketer, wants to know what the millennials think, like, prefer, believe, assume, reject, as well as how… Continue Reading

Household debt no worry, we’re managing: Fraser Institute

Household debt no worry, we’re managing: Fraser Institute

Canadians, it seems, are constantly being beaten up by economists, bankers and government ministers, as well as scared by “alarmist” headlines, for the large, even irresponsible, amount of consumer debt we carry. Do we deserve the beating? Not according to the Fraser Institute. Its latest research bulletin states that there is “little evidence” that Canadians… Continue Reading

Home sales, prices up in most cities in April: CREA

Home sales, prices up in most cities in April: CREA

Fixer-uppers with plaster falling from the living room ceiling and a musty odour receiving thirteen offers before selling for $181,000 above the asking price. Architect-designed condos being scooped up by bully bidders with pre-emptive offers a quarter of a million dollars over asking. It sounds like business as usual in the Toronto real estate market… Continue Reading

Other Popular Stories

Even with a dip in home sales, as markets adjust to new rules, new home pricing remains high due to low supply and “right sizing” dilemma

Even with a dip in home sales, as markets adjust to new rules, new home pricing remains high due to low supply and “right sizing” dilemma

Although some recent reports show a drop in actual resale sales — in the short-term dramatic double digit drops according to some brokers — prices are showing no sign of dropping on new homes.[1] The Building Industry and Land Development Association recently released data detailing rising costs for new detached and semi-detached homes, as well…

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…

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