Canada's Condominium Magazine

Monthly Archives: August 2015

Development row flairs between Montreal mayor, distinguished architect

Development row flairs between Montreal mayor, distinguished architect

The tension between a city’s need to develop and its need to preserve is boiling over in Montreal. One of Canada’s most famous architects and preservationist, Phyllis Lambert, is speaking out against her city’s lack of coherent development planning. She has accused Mayor Denis Coderre of presiding over a “shocking” return to the days when… Continue Reading

Strong housing market continues in July, local economy credited

Strong housing market continues in July, local economy credited

For several months now, economists in Canada have danced around the question of whether the country is technically in recession, almost invariably saying that conditions will improve as the US economy improves. Back in January, February, they said this would happen in the second quarter. It didn’t. In April, May, they said it would happen… Continue Reading

Toronto Condo market balanced, “highly absorbed,” say reports

Toronto Condo market balanced, “highly absorbed,” say reports

Are Toronto’s condo builders over-building, putting up more units than the market needs? Not according to the latest report from Urbanation, the condo market analysts. The number of unsold condo units fell by 13 per cent in the second quarter of 2015, while sales of new condos in the same period increased by 11 per cent compared… Continue Reading

Vancouver real estate: hotbed of Chinese money laundering?

Vancouver real estate: hotbed of Chinese money laundering?

Reports that Vancouver is a major destination for illegal money from China seem a little exaggerated. A Vancouver paper, The Province, reports that Vancouver International Airport is the “major port of entry” for the money, which is then laundered through the real estate market. The paper says that documents from the Canada Border Service Agency… Continue Reading

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