Canada's Condominium Magazine

Monthly Archives: August 2016

New Real Estate Sector debuts on world stock exchanges tomorrow

New Real Estate Sector debuts on world stock exchanges tomorrow

As of tomorrow, September 1, real estate companies, which are currently listed on stock exchanges under the Financials Sector, will have their own Real Estate Sector. The real estate sector now has market capitalization of $1.48 trillion, according to the Wall Street Journal, and accounts for 3.5 per cent of the global equities market. Also,… Continue Reading

Sustained soft landing for Vancouver, Toronto, if bond yields rise: TD

Sustained soft landing for Vancouver, Toronto, if bond yields rise: TD

Despite numerous predictions to the contrary, there has been no “soft landing” in Canada’s housing market. Rather, “runaway” price growth in Vancouver and Toronto have dominated the discussion, and will continue to do so, according to a regional housing report from TD Economics. But TD is still betting that the soft landing will occur in… Continue Reading

Toronto realtors: condo demand outpaces supply, foreign investors playing bigger role in market

Toronto realtors: condo demand outpaces supply, foreign investors playing bigger role in market

Several Toronto realtors have weighed in with their thoughts on the city’s real estate scene, releasing statements in which they give their perspective on the strong sales, high prices and the apparently insatiable demand for housing in this city. They all agree that foreign buyers are having a greater impact on the market than ever… Continue Reading

Except in Toronto and Vancouver, home affordability near normal in Canada

Except in Toronto and Vancouver, home affordability near normal in Canada

Rapidly escalating homeownership costs in Vancouver and Toronto caused the highest quarterly jump in the national affordability index in six years, says RBC in its second quarter Housing Trends and Affordability Report. Even though affordability was close to historical norms in most of the country, even improving in a couple of cities, those two hotspots… Continue Reading

Second quarter "steady" but future uncertain for economy: CMHC

Second quarter "steady" but future uncertain for economy: CMHC

The national housing agency, Canada Mortgage and Housing Corporation (CMHC), earned a profit of $338 million in the second quarter of 2016, its second lowest in the last eight quarters. CMHC attributes the drop in revenues to lower parliamentary spending on housing programs, which fell by $17 million in the quarter. The agency continues to… Continue Reading

Second quarter “steady” but future uncertain for economy: CMHC

Second quarter “steady” but future uncertain for economy: CMHC

The national housing agency, Canada Mortgage and Housing Corporation (CMHC), earned a profit of $338 million in the second quarter of 2016, its second lowest in the last eight quarters. CMHC attributes the drop in revenues to lower parliamentary spending on housing programs, which fell by $17 million in the quarter. The agency continues to… Continue Reading

Syndicated mortgage investors launch $27.5 million class action suit against developer

Syndicated mortgage investors launch $27.5 million class action suit against developer

Two people who made the mistake of investing in a syndicated mortgage on a failed mixed-use development in Barrie, Ontario, have filed a class action lawsuit against the developer, the mortgage company, the Financial Services Commission of Ontario (FSCO) and several other companies and individuals associated with the development. The suit claims $27.5 million in… 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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