Canada's Condominium Magazine

Monthly Archives: March 2016

Lots to do this March Break in Toronto

Lots to do this March Break in Toronto

March Break is nearly here, and Toronto offers plenty of activities, both free and ticketed, for parents and kids to enjoy. Everybody loves a parade. Why not kick off the week with one? This Sunday, March 13, is Toronto’s annual St. Patrick’s Day parade. It starts at Bloor and St. George near Varsity Stadium, moves… Continue Reading

Electrical safety and design tips for renovating the kitchen

Electrical safety and design tips for renovating the kitchen

Ontario’s Electrical Safety Authority (ESA) and designer Kimberley Seldon are reminding homeowners that home renovations involving electricity need extra care to ensure safety. They have collaborated to set up a program called Power Your Reno to help Ontarians better understand the risks and the proper procedures for working safely with electrical wiring. Faulty wiring causes… Continue Reading

New home construction, especially condos, up sharply in February

New home construction, especially condos, up sharply in February

After a slow start in January, new home builders, particularly in the condominium sector, got back to work in February, possibly aided by the unusually mild weather, especially in Ontario. New home starts rose nationally by 28.8 per cent, according to Canada Mortgage and Housing Corporation (CMHC). Multiple urban starts, mainly condominiums but also including… Continue Reading

Economic outlook for Toronto bright, though young struggle to find work

Economic outlook for Toronto bright, though young struggle to find work

The numbers say it all: in January, Ontario added 19,800 jobs, following an increase of 34,900 in December; Alberta lost “another” 10,000 jobs the same month, putting its unemployment rate above the national average for the first time since 1988. The BMO labour market report that includes these statistics also notes that Toronto has “surged”… Continue Reading

Report reveals women remain far behind in wages, gender equality

Report reveals women remain far behind in wages, gender equality

On the eve of International Women’s Day, a fairly grim report from Oxfam Canada and the Canadian Centre for Policy Alternatives (CCPA) says that far from improving, the problem of gender inequality, closely related to wealth inequality, is growing worse. The crisis of global inequality, say the authors, has reached a new extreme. Today, the… 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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