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Wednesday , 29 March 2017

Monthly Archives: July 2016

Toronto Real Estate Board looking to governments for solutions to housing shortage

Once again, demand for homes in the GTA far outpaced available supply in June. The Toronto Real Estate Board reports that 12,794 homes changed owners in June, which was 7.5 per cent more than one year ago, but the number of new listings was down by 3.8 per cent. The new president of TREB, Larry Cerqua, commented that it was “an interesting environment for ownership housing,” with demand at a record level and a constrained supply of listings, putting would-be buyers in an “uphill battle” to find a suitable home as prices continue to rise. Sales growth in the 416 area was limited to two home types: single detached and condominiums. ... Read More »

Canadian drivers have massive case of illusory superiority: survey

There’s another of those studies out, the ones that show that Canadian drivers are terrible but think they’re excellent. The tip-off to how badly distorted our self-perception is when it comes to driving is this single statistic: 98 per cent of Canadian drivers consider themselves to be polite. That is virtually every driver on the road. If it were true, if all drivers were “polite,” meaning that they always signaled when they were about to turn or change lanes, always yielded to pedestrians and cyclists, always made safe lane changes, always waved in a friendly way when someone made way for them to enter a lane of traffic, never tailgated, ... Read More »

Hard to believe, but Toronto could have a shortage of condos!

Can it be true? A shortage of condominiums in Toronto? As difficult as it may be to believe, some of Toronto’s best-informed observers say the city’s supply of new condominiums is not keeping up with demand. Home buyers who have chosen the condo option because of its relative affordability in Toronto could actually find it harder than expected to find a suitable condo. This, according to George Carras of RealNet Canada, is because of a decline in the number of new condos available. Writing in his regular Toronto Star column, Carras pointed out that new condo sales in the first four months of 2016 outpaced the number of new units ... Read More »

DelSuites wins international award for short-term rentals in Toronto

DelSuites, a Toronto company that specializes in short-term condominium rentals, has added another award to its growing list of achievements, this one from the UK publisher of Acquisitions International (AI). DelSuites is this year’s winner of the Global Mobility, Immigration and Logistics Award for Best Temporary Residence Provider, Ontario. DelSuites, a member of the Tridel Group of Companies, provides fully furnished condo rentals as an alternative to hotel accommodation for clients who need to stay for thirty nights or longer. In 2014 and again in 2015, DelSuites was awarded a TripAdvisor Certificate of Excellence for Specialty Lodging in Toronto. TripAdvisor is the world’s largest travel review site. The AI awards ... Read More »

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