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

Other Popular Stories

Studies: Millennials are choosing smaller urban condominiums over larger suburban homes; transit more important than size

Studies: Millennials are choosing smaller urban condominiums over larger suburban homes; transit more important than size

Studies suggest 18-34 year olds prefer condo and apartment living for walkability, short commutes and access to amenities — and not because of affordability. Many would choose an even smaller condo, with a higher price-per-square foot, just to have ready access to subway. [1] Access to transit was the number one factor, despite price. Lower…

Eco living in condos: your guide to living green no matter where you call home

Eco living in condos: your guide to living green no matter where you call home

Eco living may seem like an impossible task in a condo with limited space. In an ideal world, you would be living in a new or recently upgraded condo, complete with energy-efficient appliances, LED light bulbs, solar panels, and more. For the rest of us in condos, replacing appliances and adding solar panels may be out…

Ask the Lawyer: Reader worried about python snake in condo

Ask the Lawyer: Reader worried about python snake in condo

Reader Question I’m worried because I have a ball python and my neighbour found out and I know she’s not happy. She said she was going to complain to management. I tried not to let anyone know because I know how people think about my pet. People who don’t have snakes don’t understand how great…

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