Canada's Condominium Magazine

Monthly Archives: October 2015

September resales reach new high, could hit 100K by year end

September resales reach new high, could hit 100K by year end

Home resales in September were so strong that the Toronto Real Estate Board is talking about the possibility of reaching a new landmark, 100,000 sales in a year, something that has never happened before. In September, 8,200 condos, detached and semi-detached homes, and townhouses changed owners, a new record for the month. September sales were… Continue Reading

ACMO conference to address changes to Condominium Act

ACMO conference to address changes to Condominium Act

Is it yet another sign of the vitality of the condominium industry in Toronto that the exhibitors’ floor at the upcoming Association of Condominium Managers of Ontario (ACMO) Condominium Conference is already sold out? The conference, officially announced today, does not take place until mid-November, but floor space for the two-day event at the Toronto… Continue Reading

Other Popular Stories

Home starts in Toronto at 253,720, highest level since September 2007

Home starts in Toronto at 253,720, highest level since September 2007

Against projections of 215,000 housing starts in Canada, the actual rate for March 2017 landed at 253,720 (seasonally adjusted.) This is considerably up from projected numbers, and significantly up from 214,253 in February, as reported by the Canada Mortgage and Housing Corporation CCMHC).[1] Previous years seasonally adjusted annual rates were 197,915 for 2016 and 195,535 for 2015….

Bank is betting that Canadians are ready for a fully digital mortgage experience

Bank is betting that Canadians are ready for a fully digital mortgage experience

The president and CEO of Alterna Bank said recently, on the launch of the bank’s end-to-end digital mortgage, that the process of applying for a traditional mortgage puts buyers “through the wringer.” In the time it takes to get a mortgage in the old, non-digital way, a buyer could lose out on three or four…

Calls for policy change as Toronto real estate market soars in March

Calls for policy change as Toronto real estate market soars in March

Looking at March resale numbers for detached homes in the GTA one might be left with the impression that the market is in pretty good shape. A total of 5,887 single detached homes were resold, representing an increase of almost 20 per cent year over year. Other than in the condo resale market, where the…

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