Canada's Condominium Magazine

Monthly Archives: February 2016

Research shows many homes don't sell on first attempt because price is wrong

Research shows many homes don't sell on first attempt because price is wrong

An interesting perspective on Toronto’s resale housing market comes from the online brokerage TheRedPin.com. According to the TheRedPin, about one in six of the 101.299 properties sold last year—that’s 17,254 homes—did not sell on first listing. We’re so used to hearing about the shortage of listings, fast-rising prices, multiple offers and short selling times that… Continue Reading

Research shows many homes don’t sell on first attempt because price is wrong

Research shows many homes don’t sell on first attempt because price is wrong

An interesting perspective on Toronto’s resale housing market comes from the online brokerage TheRedPin.com. According to the TheRedPin, about one in six of the 101.299 properties sold last year—that’s 17,254 homes—did not sell on first listing. We’re so used to hearing about the shortage of listings, fast-rising prices, multiple offers and short selling times that… Continue Reading

Green building booming in Canada, around the world: report

Green building booming in Canada, around the world: report

The green building industry generated more economic benefits and employed more people in Canada in 2014 than oil and gas extraction, mining and forestry combined. A report from the Canada Green Building Council (CaGBC) estimates that nearly 300,000 full-time workers were employed in the industry, which generated $23.45 billion in GDP. More than half of… Continue Reading

Government takes steps to make Airbnb hosts pay their taxes

Government takes steps to make Airbnb hosts pay their taxes

The Ontario government has obviously heard Toronto taxi drivers’ complaints about unfair competition from Uber and clearly doesn’t want a fight with the hotel industry. The hotel industry says it is already losing money to the disruptive home-sharing business, Airbnb. In a carefully worded statement, Queens Park says it supports the sharing economy insofar as that… Continue Reading

Other Popular Stories

15 percent non-resident speculation tax becoming reality for Ontario; may help temper “frantic” real estate market “without unintended consequences”

15 percent non-resident speculation tax becoming reality for Ontario; may help temper “frantic” real estate market “without unintended consequences”

As expected, Kathleen Wynn moved to cool down the sizzling hot GTA real estate market with a bundle of measures, led by new 15 percent non resident speculation tax. Investors who are residents are exempt, although separate “policies” may also target locals. Expanded rent controls are also certain. “When I talk about the frenzy in…

Ask the Lawyer: Condo owner wants action on noisy Airbnb “tenants”

Ask the Lawyer: Condo owner wants action on noisy Airbnb “tenants”

Reader Question: “I believe my neighbour is renting out with Airbnb. I see people I don’t know coming and going, making lots of noise. I also don’t feel safe in this environment. What can I do about this? So far, complaining to management hasn’t helped.” Do you have a question for Richard? Please reach out…

Sousa again promises action in GTA real estate market and rent controls in “coming week”

Sousa again promises action in GTA real estate market and rent controls in “coming week”

In another of several announcements promising action on the Ontario housing market — this one promising “in the coming week” — Ontario’s Finance Minister Charles Sousa revealed more details of the pending plan to rein in speculative market pricing in the GTA area. A combination of low supply and excessive demand has thrust house pricing…

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