Canada's Condominium Magazine

Monthly Archives: January 2016

Pre-construction condo? Read the fine print and buy from reputable builder

Pre-construction condo? Read the fine print and buy from reputable builder

As reported on CBC television news last night, a Toronto man is suing the developer of a condominium building in which he bought a pre-construction unit. The man said that the developer’s marketing materials were misleading, and that he is disappointed in the building now that it is finished. He is reportedly suing for $6.5… Continue Reading

Housing markets to continue expansion in 2016, says Ontario Chamber of Commerce

Housing markets to continue expansion in 2016, says Ontario Chamber of Commerce

Ontario’s business community, especially the auto industry, is not feeling very confident about the economy these days, according to the Ontario Chamber of Commerce. The OCC has released a report on the state of the economy going into 2016, and, ironically, the sector expressing the greatest confidence is the energy/petroleum industry. The auto industry, which… Continue Reading

Rapid price growth still problematic for Toronto housing market: CMHC

Rapid price growth still problematic for Toronto housing market: CMHC

Canada Mortgage and Housing Corporation has once again red-flagged the Toronto housing market for potential problematic conditions. The corporation finds “strong evidence” of such conditions, mainly in the areas of overvaluation and price acceleration. The strong, rapid price growth in the single-detached home category, which has been ongoing for several years now, has not been… Continue Reading

Condo sales and rentals up significantly in fourth quarter of 2015

Condo sales and rentals up significantly in fourth quarter of 2015

Sales and rental numbers for the final quarter of 2015 show once again how important the condominium is to Toronto’s housing market. The Toronto Real Estate Board’s statistics for the fourth quarter show large increases in both sales and rentals in the final three months of 2015. Conditions were tight for purchasers and renters alike,… Continue Reading

Progress on health and wellness, slavery, environment, food industry says

Progress on health and wellness, slavery, environment, food industry says

The next time you go to the supermarket to pick up a few things for dinner, chances are you won’t be thinking about slavery and forced labour, tropical deforestation, food fraud, and inappropriate marketing to children. Those terrible crimes and abuses, however, are all around you as you navigate the food aisles. Buy something made… Continue Reading

Survey places Toronto, Vancouver among least affordable housing markets

Survey places Toronto, Vancouver among least affordable housing markets

The annual Demographia Survey of world housing affordability has been released. According to the survey, just one-quarter of Canada’s housing markets are affordable today, based on a price-to-income ratio. In the most affordable markets, the median price of a home is no more than three times higher than the median annual income. Nine of the… Continue Reading

Home improvement/reno season is fast approaching

Home improvement/reno season is fast approaching

There are signs that Canadians are spending more on home improvements and renovations. Sales at building materials and gardening supplies centres and at home improvement and furniture stores were up in November, the third increase in four months, according to Statistics Canada. The increase was the biggest since mid-2014. Another sign comes from home improvement… Continue Reading

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