Canada's Condominium Magazine

Monthly Archives: May 2015

Housing starts dipped in April but on trend for 2015: CMHC

Housing starts dipped in April but on trend for 2015: CMHC

A significant decline in housing starts in Alberta and a slowdown in new condo construction in Toronto contributed to an overall drop of 6.6 per cent in urban starts across Canada in April, reports Canada Mortgage and Housing Corporation. The seasonally adjusted annual rate (SAAR) fell to 181,814, down from 189,546 in March. However the… Continue Reading

Condo water damage claims rising, but most are avoidable: insurers

Condo water damage claims rising, but most are avoidable: insurers

It may be tempting to think that buying a condominium means you’ll never again have to bother with life’s more mundane realities—shoveling snow, cutting grass, painting the fence. Condos are often marketed to appeal to homeowners’ desire for this kind of freedom. However, the Insurance Board of Canada (IBC) throws cold water all over that… Continue Reading

Resale market numbers surge to highest ever for April

Resale market numbers surge to highest ever for April

In a month of record-breaking sales activity, with double-digit increases in every category throughout the region, condo and townhouse markets stood out in April. The April real estate resale market logged 11,303 sales, the Toronto Real Estate Board (TREB) reports, the highest number ever for the month of April. Total sales were 17 per cent… Continue Reading

Mid-rise development solution to housing shortage in Toronto

Mid-rise development solution to housing shortage in Toronto

The Pembina Institute and the Ontario Home Builders’ Association believe that five “simple changes” to present development rules could help build better neighbourhoods in the GTA. A Pembina Institute report, Making Way for Mid-Rise, lays out the changes that could provide the housing diversity the city needs, as well as making neighbourhoods more walkable and… Continue Reading

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