Canada's Condominium Magazine

Monthly Archives: June 2016

Why are so few women going into computer science?

Why are so few women going into computer science?

To be optimistic about it, the proportion of university-educated women in both scientific and non-scientific occupations in Canada rose in the years from 1991 to 2011, according to a new report from Statistics Canada. In all, there were 27 per cent more women working in the physical sciences, life sciences, engineering, architecture and other scientific… Continue Reading

Provinces announces review of role of Ontario Municipal Board

Provinces announces review of role of Ontario Municipal Board

The tribunal consisting of government-appointed lawyers, accountants, architects, planners and public administrators, whose role is to hear appeals from various groups on “contentious municipal matters,” is to undergo a review. The Ontario Municipal Board has been with us since 1906, dealing mainly with matters of land use such as municipal boundaries, expropriations, development charges, parkland… Continue Reading

Recreational property markets thriving; main buyers, Gen X couples with kids

Recreational property markets thriving; main buyers, Gen X couples with kids

As in the town, so in the country: sales volumes increased over last year in the majority of Canada’s recreational property markets. The quintessentially Canadian cottage lifestyle is as popular as ever. Retiring to a rustic cottage or fully-fitted home by the lake or seaside is still the dream of many Canadians of a certain… Continue Reading

Home renovation spending to increase, emphasis on basic maintenance: CIBC

Home renovation spending to increase, emphasis on basic maintenance: CIBC

Fewer Canadian homeowners plan to renovate in the next twelve months than did in 2015, but they will spend more on average than renovators did last year. More than one-third (37 per cent) of homeowners, roughly 4 million individuals, will spend around $13,000 each this year, says CIBC, around $52 billion in total. The big… Continue Reading

Housing less affordable in Canada's two hot spots, elsewhere not so bad: RBC

Housing less affordable in Canada's two hot spots, elsewhere not so bad: RBC

Other than in parts of British Columbia and Southern Ontario, housing affordability is not a major obstacle to home ownership in Canada. While affordability did deteriorate in the first quarter of 2016, RBC says that the deterioration was “minimal” for the most part, and affordability measures are in line with historical norms. In some cities—Winnipeg,… Continue Reading

Housing less affordable in Canada’s two hot spots, elsewhere not so bad: RBC

Housing less affordable in Canada’s two hot spots, elsewhere not so bad: RBC

Other than in parts of British Columbia and Southern Ontario, housing affordability is not a major obstacle to home ownership in Canada. While affordability did deteriorate in the first quarter of 2016, RBC says that the deterioration was “minimal” for the most part, and affordability measures are in line with historical norms. In some cities—Winnipeg,… Continue Reading

New low-rise homes scarcer than ever in the GTA as new condo sales soar in May

New low-rise homes scarcer than ever in the GTA as new condo sales soar in May

There have never been so few newly built low-rise homes for sale in the GTA as there were in May. The Building Industry and Land Development Association (BILD) reports that the inventory of new detached, semi-detached and townhomes for sale fell below 2,000 for the first time last month. Whereas ten years ago there were… Continue Reading

Shoppers want help from sales staff, many sales lost due to failure to connect: study

Shoppers want help from sales staff, many sales lost due to failure to connect: study

One thing is clear: not all sales people are equal. Even a person with no people or sales skills whatsoever could stand behind the counter in a local convenience store, for example, and take money from the customers buying their milk and lottery tickets and cigarettes. There is usually little or no interaction between customer… Continue Reading

Lender makes it easier to check credit score, with advice on how to improve it

Lender makes it easier to check credit score, with advice on how to improve it

Do you know your credit score? If you do, you’re in the minority. A Canadian fintech lender says that most of us don’t know our score, or how we can improve it. Borrowell, an online lender, said that it would now provide people with free, “no-obligation” access to their credit scores. Considering how important a… 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…

SHARE WITH US

Subscribe to condo.ca

@ 2017 condo.ca  |  Designed by Persona Corp