Canada's Condominium Magazine

Monthly Archives: June 2015

Condo Act reform provides opportunities for lawyers

Condo Act reform provides opportunities for lawyers

Ontario’s lawyers have a lot at stake in the ongoing reform of the Condominium Act.  The changes to the Act, introduced in the legislature in May as Bill 106, address key areas including condo board governance and financial management, mandatory training for condo managers, and dispute resolution through a new Condominium Authority. Lawyers are heavily… Continue Reading

Home affordability up and down in first quarter: RBC

Home affordability up and down in first quarter: RBC

For the past four years, owing a single-detached home in Ontario has become less and less affordable, while the “weight” of owning a condominium has remained fairly constant. To quantify that, the affordability index for bungalows and two-storey homes rose by 0.3 percentage points, while the index for condo ownership edged lower by 0.2 percentage… Continue Reading

Depression becoming major workplace disability worldwide

Depression becoming major workplace disability worldwide

Every so often, a high-profile incident involving a person with a mental illness captures the world’s attention. A recent example was the deliberate crashing of a Germanwings passenger jet by its co-pilot, who was subsequently revealed to have been treated for depression. He thus entered the record book as the world’s first recorded suicide by… Continue Reading

Toronto BIM session declared a success, adoption still lagging

Toronto BIM session declared a success, adoption still lagging

How does construction management software mitigate project risk? What are the benefits of visualization technologies in explaining architectural design to clients? How is facility management adapting to the world of digital business and smart connected products? How can 3D printing be used to test designs and other aspects of production in future manufacturing/fabrication scenarios? These… 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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