Canada's Condominium Magazine

Monthly Archives: August 2015

Sustainability, social responsibility, Toronto Hydro style

Sustainability, social responsibility, Toronto Hydro style

The words “sustainable development” are so frequently used these days that we may find we’re unclear about what they actually mean. In fact, their meaning has been quite precisely defined for businesses by the International Organization for Standardization (ISO), the body that develops safety and quality standards for products and services of all kinds. ISO’s… Continue Reading

CMHC red-flags fast-rising home prices in Toronto

CMHC red-flags fast-rising home prices in Toronto

Vancouver and Toronto are the only two real estate markets in Canada where home prices are growing strongly. Yet Vancouver, famous for its high-priced housing market, where the average home now costs $866,772, is not considered an overvalued market. Toronto, where the average cost of a home reached $609,236 in June (Canadian Real Estate Association… Continue Reading

Dip in housing starts as condo construction eases in July

Dip in housing starts as condo construction eases in July

Canada’s national housing market continued to outperform other sectors of the economy in July. Though the number of housing starts fell slightly below what had been forecast, the seasonally adjusted annual rate (SAAR) remained above the six-month trending average, reports Canada Mortgage and Housing Corporation (CMHC). This indicates that housing starts are broadly in line… Continue Reading

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