Canada's Condominium Magazine

Monthly Archives: June 2016

More parents using reverse mortgages to help adult children buy homes: bank

More parents using reverse mortgages to help adult children buy homes: bank

More Canadian parents with adult children are looking for ways to help those children financially, especially with the purchase of a home. Young adults in expensive housing markets like Toronto and Vancouver are finding that help from the parents is the only way to get onto the property ladder. As property values have risen dramatically… Continue Reading

Home prices can't go up forever, but Bank of Canada says financial system is sound

Home prices can't go up forever, but Bank of Canada says financial system is sound

Don’t bet on Toronto or Vancouver home prices continuing to rise indefinitely at the same pace as they have done. That’s the message from the Bank of Canada’s governor Stephen Poloz. In his more bankerly words, prospective home buyers and their lenders “should not extrapolate recent real estate price performance into the future when contemplating… Continue Reading

Home prices can’t go up forever, but Bank of Canada says financial system is sound

Home prices can’t go up forever, but Bank of Canada says financial system is sound

Don’t bet on Toronto or Vancouver home prices continuing to rise indefinitely at the same pace as they have done. That’s the message from the Bank of Canada’s governor Stephen Poloz. In his more bankerly words, prospective home buyers and their lenders “should not extrapolate recent real estate price performance into the future when contemplating… Continue Reading

Mandatory energy audits for all homes before sale among Climate Action Plan measures

Mandatory energy audits for all homes before sale among Climate Action Plan measures

Ontario’s Climate Change Action Plan is now officially released. It had been “leaked” about a week ago, prompting the usual media speculation and government denials about what was in it. Now it is safe to say that the measures in the plan will affect everyone living in Ontario in one way or another, and that… Continue Reading

Don't be a ransomware victim: back up files, install latest anti-virus protection

Don't be a ransomware victim: back up files, install latest anti-virus protection

It’s tempting to say that sometimes we deserve what we get. At the same time as ransomware attacks are increasing in Canada and the US to the point of being described as epidemic, it turns out that almost two-thirds of Canadians don’t even know whether they are protected. Perversely, millennials, with their reputation for being… Continue Reading

Don’t be a ransomware victim: back up files, install latest anti-virus protection

Don’t be a ransomware victim: back up files, install latest anti-virus protection

It’s tempting to say that sometimes we deserve what we get. At the same time as ransomware attacks are increasing in Canada and the US to the point of being described as epidemic, it turns out that almost two-thirds of Canadians don’t even know whether they are protected. Perversely, millennials, with their reputation for being… Continue Reading

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