Canada's Condominium Magazine

Monthly Archives: July 2015

Mortgage brokers stung by fraud allegations

Mortgage brokers stung by fraud allegations

The mortgage broker industry has been quick to distance itself from the fraud scandal at Home Trust. Home Trust delisted forty-five of its brokers after evidence of falsified documentation—“bad paper”—came to light. Strangely, the whistle blower who tipped the company off about the falsified documents chose to do so anonymously, by way of a letter… Continue Reading

Smog vacuum would clean the air, create unique jewellery

Smog vacuum would clean the air, create unique jewellery

Is a giant air purifier the answer to the world’s air pollution problem? Maybe not, but it makes an intriguing side story. Such interesting things come out of the Netherlands these days—the solar panel-lined roadway, the modular plastic roadway, the LED-illuminated bike path—and now there’s another to add to the list: the giant smog-sucking vacuum… Continue Reading

Tax: no free lunch, or, you get what you pay for

Tax: no free lunch, or, you get what you pay for

Property taxes, especially in Toronto with its hated double-hit land transfer taxes, are a big source of revenue for governments and a big source of irritation to citizens. Throw in GST, HST, other value-added taxes, personal income taxes, corporate taxes, social insurance taxes (such as the surcharge for health care in Ontario), and you see… Continue Reading

Record second quarter for residential real estate investment

Record second quarter for residential real estate investment

The number of residential real estate deals done in Toronto set a new record for the commercial real estate sector in the second quarter of the year. Residential land purchases topped all other categories, including industrial, retail and office, both in the number of transactions—143—and in dollars: $976 million. This was 27 per cent of… Continue Reading

Real estate agents are failing the disabled: Century 21

Real estate agents are failing the disabled: Century 21

Toronto is about to celebrate the achievements of athletes with disabilities in the Parapan Am Games. It’s a great moment in the spotlight for the athletes, showing them not as wheelchair-bound “disabled persons” but as persons capable of great feats of athleticism. The Parapan Am games demonstrate in the most thrilling way that given the… Continue Reading

Robots run new budget hotel in Japan

Robots run new budget hotel in Japan

The concierges at the front desk speak various languages: Japanese, Chinese, English. The one that speaks English just happens to be a dinosaur. For Japanese guests there’s a sort of pretty-ish female who looks like an airline stewardess (as we used to call them) from the 60s, complete with little pill-box hat. They “work” at… Continue Reading

Other Popular Stories

Rental Fairness Act: Act of kindness, or barrier to affordable housing? Either way, it will change everything for renters.

Rental Fairness Act: Act of kindness, or barrier to affordable housing? Either way, it will change everything for renters.

With 1.2 million rental households in Ontario, frequently rented from condo-owners, the stakes are high for Ontario residents in a “fairness” rental act. Ontario is following through on their announcements of rent control reform. A news release from Ontario’s Ministry of Housing makes it clear The Rental Fairness Act, 2017, is a coming reality. It’s safe…

Ask the Lawyer: Condo owner worried about legalization of marijuana, if “every household can grow 4 plants… damage could be vast”

Ask the Lawyer: Condo owner worried about legalization of marijuana, if “every household can grow 4 plants… damage could be vast”

Reader Question “I have one concern that is up coming and both Property Management Corp and the Board of Directors should address: it is the legalization of marijuana. With that, every household can grow 4 plants at home. However, if we allow growth of marijuana in a condo unit, the damage could be vast; affecting…

3D printed homes from recycled materials are both green and economical; ideal for low-cost housing?

3D printed homes from recycled materials are both green and economical; ideal for low-cost housing?

3D printing is not new to the construction industry, although a new development from Apis Cor may make it more practical for some applications such as low-cost housing in Municipalities. Unlike older 3D printers, which run on tracks inside “factories” to produce components, the Apis Cor is the first 3D printer that is mobile enough…

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