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

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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