Canada's Condominium Magazine

Monthly Archives: January 2016

Economists put positive spin on dip in December housing starts

Economists put positive spin on dip in December housing starts

New housing construction in Canada took a bit of a breather in December, with the number of new homes under construction falling by 18 per cent compared to the previous month, according to numbers released by Canada Mortgage and Housing Corporation. The drop was entirely due to fewer condominium starts in the month, particularly in… Continue Reading

Toronto, Vancouver luxury real estate sales soared in 2015

Toronto, Vancouver luxury real estate sales soared in 2015

Three of Canada’s four major residential real estate markets—Toronto, Vancouver and Montreal—saw growth in their luxury segments in 2015. The fourth, Calgary, declined. In fact, the fastest growing segment of the market in Toronto last year was homes priced at $4 million and higher. Demand for luxury real estate, according to Sotheby’s International Realty Canada,… Continue Reading

Plants to avoid if you have pets or small children at home

Plants to avoid if you have pets or small children at home

Constipation, vomiting, diarrhea, cardiac failure, excessive drooling, respiratory paralysis, colic—death. This is only a partial list, but do these sound like conditions you could find yourself suffering from because you stopped to smell the roses? Maybe not the roses, but a whole lot of other beloved plants, flowering and non, can and do cause these… Continue Reading

Get ready for the ride of your life: driverless cars are here

Get ready for the ride of your life: driverless cars are here

Toronto’s current battle between taxi drivers and Uber, the popular ride-hailing alternative, could seem downright quaint in a few years. The nub of the present dispute is fares: Uber charges less, and that makes it hard for traditional cabbies to compete, they say. Both services, however, use conventional cars, manned by drivers. What will those… Continue Reading

Acquisition creates largest mortgage originator in Canada

Acquisition creates largest mortgage originator in Canada

A single mortgage company now owns almost 40 per cent of the Canadian mortgage market, after Dominion Lending Centres (DLC) of Vancouver acquired Mortgage Architects of Mississauga. DLC’s market share will now reach $32 billion in annual mortgage volume, from more than 100,000 mortgages per year. DLC, with about 4,800 accredited mortgage brokers, is now… Continue Reading

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