Canada's Condominium Magazine

Monthly Archives: July 2016

Benefits of gentrification outweigh costs; restrictive zoning reason for lack of affordable housing: study

Benefits of gentrification outweigh costs; restrictive zoning reason for lack of affordable housing: study

The word “gentrification” is often said with a sneer. Since the phenomenon was first observed and named (in 1964) in London, where upper middle class households had begun purchasing working class and derelict housing in the traditionally deprived East End, it has spread around the globe. Wealthier people in cities from Toronto to Sydney have… Continue Reading

Fast Internet coming to rural SW Ontario; SWIFT gets $180 million funding

Fast Internet coming to rural SW Ontario; SWIFT gets $180 million funding

The dream of rural southwestern Ontario residents to have access to affordable ultra-high-speed fibre optic broadband internet service is a little closer to reality today after a funding announcement by the provincial and federal governments. Ottawa and Queen’s Park each contributed $90 million to the Southwestern Integrated Fibre Technology (SWIFT) project, which aims to deliver… Continue Reading

Canada's housing markets a little more problematic than in spring: CMHC

Canada's housing markets a little more problematic than in spring: CMHC

Canada Mortgage and Housing Corporation’s housing market assessment chart is gradually turning an alarming red. Compared to the last assessment, which came out in April and had ten red blocks, the latest one, just released, has thirteen. What it means is that evidence of “problematic conditions” in Canada’s main housing markets has increased, especially in… Continue Reading

Canada’s housing markets a little more problematic than in spring: CMHC

Canada’s housing markets a little more problematic than in spring: CMHC

Canada Mortgage and Housing Corporation’s housing market assessment chart is gradually turning an alarming red. Compared to the last assessment, which came out in April and had ten red blocks, the latest one, just released, has thirteen. What it means is that evidence of “problematic conditions” in Canada’s main housing markets has increased, especially in… Continue Reading

Expanded retail, smoother US preclearance meant to make Toronto Pearson more passenger friendly

Expanded retail, smoother US preclearance meant to make Toronto Pearson more passenger friendly

The Greater Toronto Airport Authority (GTAA) has been working to “redefine” passenger experience at the country’s biggest airport, Toronto Pearson. And what better way to do that than by giving passengers better shopping facilities? Just in time for the summer travel peak, says the GTAA in an announcement, Terminal 3 has a “spectacular” new retail… Continue Reading

Canadian commercial real estate remains attractive to foreign investors: Morgard

Canadian commercial real estate remains attractive to foreign investors: Morgard

Strong foreign investment in residential real estate in Vancouver prompted the BC government to announce yesterday that it would impose a 15 per cent property tax on foreign buyers to make it more difficult for them to enter the market. No such tactic is likely to be used in the commercial real estate sector however.… Continue Reading

BC government to impose 15 per cent tax on foreign-bought Vancouver real estate

BC government to impose 15 per cent tax on foreign-bought Vancouver real estate

After months, even years, of talking about the growing unaffordability of housing in Vancouver and other parts of BC, the provincial government announced today that it would impose a 15 per cent property transfer tax on foreign nationals who buy residential real estate in Vancouver. The tax on a $2 million home would be $300,000.… 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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