Canada's Condominium Magazine

Monthly Archives: June 2015

Canada’s rental vacancy rate stable: CMHC

Canada’s rental vacancy rate stable: CMHC

Rental vacancy rates in purpose-built apartment buildings are “stable,” though they are down in some parts of Canada, including Ontario and the GTA, and up in others, notably Calgary and Saskatoon, according to the Canada Mortgage and Housing Corporation (CMHC) Spring Rental Market Survey, just released. In the thirty-five major centres the report covers, the… Continue Reading

Household debt still problematic for some: Bank of Canada

Household debt still problematic for some: Bank of Canada

Once again, the Bank of Canada has highlighted the elevated level of Canadian household indebtedness as the number one “vulnerability” facing the country’s financial system. The central bank released its Financial System Review (FSR) June 2015 in which it assesses the vulnerabilities and associated risks, concluding that household debt continues to be somewhat worrisome. A… Continue Reading

Loblaw to ban harmful ingredients from house brands

Loblaw to ban harmful ingredients from house brands

The language couldn’t be more cautious, but the message is good nonetheless. Galen Weston, president of Loblaw, said that emerging science and public opinion suggest that a “measured move away from some specific ingredients is prudent.” So, Loblaw announced that it will stop using triclosan, phthalates and micro beads in the products is sells under… Continue Reading

Home-buying intentions high, especially among first-time buyers

Home-buying intentions high, especially among first-time buyers

More data, this time from RBC, indicate that buying a home is on for a lot of younger Canadians in the coming year or two. Earlier this week, the mortgage industry released its own survey results (see “Intense interest in housing market among first-time buyers” here on Condo.ca) showing that younger, first-time homebuyers form the… Continue Reading

Eglinton Crosstown builders announced

Eglinton Crosstown builders announced

The Eglinton Crosstown light rail transit line reached another milestone today as the Ontario government announced it has chosen the group that will build it. Crosslinx Transit Solutions, a consortium comprising EllisDon, ACS Infrastructure Canada, Aecon, SNC-Lavalin, and Dragados Canada, was selected as the “preferred proponent.” Details of the contract, which has not been finalized,… Continue Reading

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