Canada's Condominium Magazine

Monthly Archives: July 2016

Instead of market slowdown, realtor now forecasts biggest price gains since 1980s

Instead of market slowdown, realtor now forecasts biggest price gains since 1980s

Those who forecast must be prepared to revise. This is particularly true in residential real estate, in Canada, in 2016. No sooner has some informed observer predicted that home sales/prices will bottom out and the market will “correct” itself by slowing down than we take off on another rocket to higher sales and prices than… Continue Reading

Robotic furniture makes it easy to reconfigure small apartments

Robotic furniture makes it easy to reconfigure small apartments

We’ve seen the very cool concept demonstrated before, the clever use of shape-shifting furniture, movable walls and multi-functional spaces. Treehugger founder Graham Hill, for example, showed off his prototype micro-apartment (420 square feet) in New York City a few years ago, with its many very smart design features that make it possible to live in… Continue Reading

Canada, Toronto, tops for tax competitiveness; tax avoidance, on the other hand . . .

Canada, Toronto, tops for tax competitiveness; tax avoidance, on the other hand . . .

The Canadian branch of one of the world’s “big four” accounting firms has produced a report in which Canada is named the world’s most tax-competitive country for business. Toronto is named the world’s most tax-competitive city. KPMG’s Focus on Tax report says that Canada’s low corporate tax rates, moderate statutory labour costs, and low goods… Continue Reading

Toronto Real Estate Board to appeal Competition Tribunal ruling on privacy grounds

Toronto Real Estate Board to appeal Competition Tribunal ruling on privacy grounds

The Toronto Real Estate Board refuses to give up. As the deadline approaches for the country’s largest real estate board to implement changes ordered by the federal Competition Bureau after a lengthy process going back to 2011, TREB announced today that it would appeal the ruling of the Competition Tribunal, handed down in April of… Continue Reading

New home construction, especially condos, rose sharply in June: CMHC

New home construction, especially condos, rose sharply in June: CMHC

New housing construction data for the month of June from Canada Mortgage and Housing Corporation show greatly increased building activity in some areas of the country, particularly in BC and Ontario, and declines of varying steepness elsewhere. Overall, the number of new homes started in June was up 17 per cent compared to May, with… Continue Reading

Be prepared for greater scrutiny when applying for a mortgage: regulator

Be prepared for greater scrutiny when applying for a mortgage: regulator

Canada’s famously well-regulated banking industry received a warning letter yesterday from the man who oversees it. He is the superintendent at the Office of the Superintendent of Financial Institutions (OSFI), and his name is Jeremy Rudin. His letter, suitably stern in tone for an audience of bankers, focuses on mortgages and the increasing risks they… Continue Reading

Bills still due if postal service disrupted; essential benefits cheques will continue

Bills still due if postal service disrupted; essential benefits cheques will continue

The federal government is advising Canadians not to forget about paying their bills if a postal service disruption occurs, as seems likely. The Financial Consumer Agency of Canada issued a reminder today that if the country’s postal service is disrupted, consumers will not receive statements for credit cards, loans, mortgages and deposit accounts in the… Continue Reading

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