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Sunday , 26 March 2017

Monthly Archives: February 2016

New GTA home sales dipped in January after very strong 2015

The new homes market took a bit of a breather in January following a year of strong sales and record-breaking prices in 2015. The number of new homes sold in January, both single-family and condominiums, was down compared to the ten-year average and compared to January 2015. Altogether, new home sales totaled 1,614, a drop of 22 per cent year over year and 10 per cent below the ten-year average. Unusually, one of the biggest increases in low-rise sales was in the City of Toronto, where the number of new home sales quadrupled in January. Prices for both high-rise and low-rise homes were more or less unchanged from the previous ... Read More »

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 the jobs (55 per cent) were in construction and the building trades. The focus on sustainability in the building industry is being embraced by more and more equipment manufacturers, architects and engineers, the construction trades and property managers and investors, CaGBC says. The huge growth in the number of LEED (Leadership in Energy and Environmental ... Read More »

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 economy supports growth and fosters innovation while protecting consumers and workers, promoting a level playing field and ensuring tax fairness. Who could quarrel with any of that? The statement serves as background to today’s announcement that the government is partnering with Airbnb in a pilot project that is basically intended to make sure that Airbnb ... Read More »

Developers building more family-friendly condos, says BILD

The building and land development industry says it is responding to the growing demand for family-friendly condominiums in Toronto. Prices of low-rise homes are at all-time highs, and more and more families, according to BILD (Building Industry and Land Development Association) are considering condos. To be family-friendly, a condo suite must be practical and appealing to parents with young children. Builders are achieving this, the BILD blog says, by sacrificing bedroom size to increase living space and provide deeper closets. They are also including family-friendly amenities like indoor and outdoor play areas for children. An example of this is Tridel’s Islington Terrace at Bloor and Islington, which includes an indoor ... Read More »

Saks Fifth Avenue bringing luxury retail to Eaton Centre; ribbon-cutting February 18

Will Saks Fifth Avenue succeed where Target failed? Do Canadian shoppers prefer luxury to bargain? Can shoppers ever have too much choice? We will see soon enough as the famous New York-based, Hudson’s Bay Company-owned luxury retailer opens its first Canadian stores in Toronto this week. Saks’ brand new flagship store is in the Bay’s own flagship store on Queen Street, at the south end of the Eaton Centre. It opens tomorrow, February 18. How well the store fares in these somewhat challenging economic times could depend on how well it differentiates itself from the competition. It already has the brand recognition. Ladies’ shoes are certain to play a big ... Read More »

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