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

Rental Fairness Act: Act of kindness, or barrier to affordable housing? Either way, it will change everything for renters.

Rental Fairness Act: Act of kindness, or barrier to affordable housing? Either way, it will change everything for renters.

With 1.2 million rental households in Ontario, frequently rented from condo-owners, the stakes are high for Ontario residents in a “fairness” rental act. Ontario is following through on their announcements of rent control reform. A news release from Ontario’s Ministry of Housing makes it clear The Rental Fairness Act, 2017, is a coming reality. It’s safe…

Ask the Lawyer: Condo owner worried about legalization of marijuana, if “every household can grow 4 plants… damage could be vast”

Ask the Lawyer: Condo owner worried about legalization of marijuana, if “every household can grow 4 plants… damage could be vast”

Reader Question “I have one concern that is up coming and both Property Management Corp and the Board of Directors should address: it is the legalization of marijuana. With that, every household can grow 4 plants at home. However, if we allow growth of marijuana in a condo unit, the damage could be vast; affecting…

3D printed homes from recycled materials are both green and economical; ideal for low-cost housing?

3D printed homes from recycled materials are both green and economical; ideal for low-cost housing?

3D printing is not new to the construction industry, although a new development from Apis Cor may make it more practical for some applications such as low-cost housing in Municipalities. Unlike older 3D printers, which run on tracks inside “factories” to produce components, the Apis Cor is the first 3D printer that is mobile enough…

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