Canada's Condominium Magazine

Monthly Archives: June 2016

BC real estate industry lacks ethics, transparency; higher fines recommended

BC real estate industry lacks ethics, transparency; higher fines recommended

It’s a serious thing when a self-regulating body that handles billions of dollars of public money loses the trust of that public. That is what has happened with British Columbia’s real estate industry, according to an Independent Advisory Group (IAG) appointed by the government to look into the industry. Alleged misconduct, the report states, combined… Continue Reading

Volkswagen to pay $14.7 billion to repair, buy back diesel cars from US owners

Volkswagen to pay $14.7 billion to repair, buy back diesel cars from US owners

Volkswagen drivers in the United States now know what they can expect to get in the way of compensation from the carmaker, which was prosecuted under the Clean Air Act for cheating on its diesel emissions claims. Volkswagen is required to repair or buy back every one of the approximately half-million diesel cars, mostly model… Continue Reading

Mortgage professionals urge government to proceed with caution in housing market

Mortgage professionals urge government to proceed with caution in housing market

Canada’s mortgage professionals caution that the federal government should avoid doing damage to the country’s housing market by further tightening mortgage lending conditions. The chief economist for Mortgage Professionals Canada, Will Dunning, dismisses the notion that bubble conditions exist in Canada’s housing markets, which would require government intervention. On the contrary, housing activity is a… Continue Reading

Newspaper websites play important role in brand perception: survey

Newspaper websites play important role in brand perception: survey

Speaking before a parliamentary committee on Canada’s media recently, the chairperson of the Canadian Newspaper Association, who is also the publisher of the Winnipeg Free Press, gave a surprisingly upbeat account of the way things are for local newspapers in Canada. Bob Cox said that, contrary to what is often reported, even in the newspapers… Continue Reading

Expert panel recommends educator/employer partnerships, national skills strategy

Expert panel recommends educator/employer partnerships, national skills strategy

Faced with enormously complex problems that include declining levels of literacy and numeracy among students, a widespread perception that graduates are not prepared for the workforce, a rapidly changing, technology-driven world in which automation will play an ever-greater role, an aging population, and a widening skills gap between what employers need and what prospective employees… Continue Reading

Other Popular Stories

Living comfortably in 500 square feet or less; modular convertible multi-purpose furniture makes the difference

Living comfortably in 500 square feet or less; modular convertible multi-purpose furniture makes the difference

Size is relative. An object that is small to you may be quite large to another person, and vice versa. The same holds true for nearly everything. A relatively small space that leaves one person feeling claustrophobic can — with a little planning and some modular furniture (see videos below) —  be considered spacious and…

More Ontario rules: modest help for seniors and refugees and immigrating nominees

More Ontario rules: modest help for seniors and refugees and immigrating nominees

Ontario has recently introduced legislation geared toward homebuyers and seniors. If the legislation passes, it should make housing much more affordable — although the intended result isn’t always the same as the final outcome in a real market.     Aside from the 15% Non-Resident Speculation Tax (previously reported>>) for non-Canadian citizens, non-permanent residents, and non-Canadian…

The Greater Golden Horseshoe could become greater, golder, and greener: Ontario updates land use plans

The Greater Golden Horseshoe could become greater, golder, and greener: Ontario updates land use plans

In an effort to improve livability in the Greater Golden Horseshoe, while protecting the environment, Ontario has passed updated land use plans intended to encourage sustainable communities. The plans were released on May 18, 2017 after two years of review.     These include updates to the Greenbelt Plan, the Growth Plan for the Greater Golden…

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