Canada's Condominium Magazine

Monthly Archives: September 2016

Tridel named 2016 Ontario Home Builder of the Year

Tridel named 2016 Ontario Home Builder of the Year

Tridel, Canada’s pre-eminent condominium developer, was named Ontario Home Builder of the Year by the Ontario Home Builders’ Association at its twenty-fifth annual Awards of Distinction last week. The designation “Home Builder of the Year” is the highest honour the industry can bestow, and it is not the first time Tridel has earned it. The… Continue Reading

Ontario realtors against foreign buyer tax despite BC getting desired result

Ontario realtors against foreign buyer tax despite BC getting desired result

There’s evidence that BC’s new foreign buyer tax is working to stop foreign buyers from buying BC real estate. Purchases of residential real estate in British Columbia fell from 1,974 sales from June 10 to August 1, to just sixty sales in the period from August 2–31. In dollars, foreign investment plunged from $2.2 billion… Continue Reading

Condominium developers in the GTA have reason to be happy; low-rise home builders not so much, for August was a month of records for new home sales, not all of them good. High-rise homes are riding high, with 1,880 new units sold in August for a year-to-date total of 17,949. This was the highest number… Continue Reading

Low supply the real cause of home price growth, not foreign investors; report

Low supply the real cause of home price growth, not foreign investors; report

Foreign investment has an impact on home prices in Toronto, but we don’t know how much; there is probably less of it than we think. Pushing densities “arbitrarily” rather than allowing the housing market to determine what forms of housing are built, and where, will have negative effects on households and businesses and “cannot help”… Continue Reading

Canadians could be missing best mortgage rates through blind loyalty to banks: survey

Canadians could be missing best mortgage rates through blind loyalty to banks: survey

A personal finance rate comparison site says that Canadians don’t use rate comparison sites enough when shopping for important financial products like home mortgages. The company, LowestRates, surveyed about 2,500 Canadians in early July and found that Canadians are not doing their due diligence in the area of personal finance. We say that smart financial… Continue Reading

Aquabella luxury waterfront condos from Tridel Hines now open

Aquabella luxury waterfront condos from Tridel Hines now open

Those who dream of fine waterfront living in Toronto have new reason to celebrate. The Tridel Hines partnership is announcing that Aquabella, the newest and most luxurious of its three Bayside condominiums, is now open for registration. Taking its place in the brand new waterfront community with Aqualina, set for occupancy in 2017, and Aquavista,… Continue Reading

Sotheby's announces sale of landmark Integral House in Toronto

Sotheby's announces sale of landmark Integral House in Toronto

Becoming a multi-millionaire by writing math textbooks for high school and university students must be one of the more unpredictable life paths. Imagine some super-bright kid in a high school calculus class looking impatiently at his textbook and thinking, “I could explain this stuff better, and probably become fabulously wealthy doing it.” It didn’t happen… Continue Reading

Other Popular Stories

15 percent non-resident speculation tax becoming reality for Ontario; may help temper “frantic” real estate market “without unintended consequences”

15 percent non-resident speculation tax becoming reality for Ontario; may help temper “frantic” real estate market “without unintended consequences”

As expected, Kathleen Wynn moved to cool down the sizzling hot GTA real estate market with a bundle of measures, led by new 15 percent non resident speculation tax. Investors who are residents are exempt, although separate “policies” may also target locals. Expanded rent controls are also certain. “When I talk about the frenzy in…

Ask the Lawyer: Condo owner wants action on noisy Airbnb “tenants”

Ask the Lawyer: Condo owner wants action on noisy Airbnb “tenants”

Reader Question: “I believe my neighbour is renting out with Airbnb. I see people I don’t know coming and going, making lots of noise. I also don’t feel safe in this environment. What can I do about this? So far, complaining to management hasn’t helped.” Do you have a question for Richard? Please reach out…

Sousa again promises action in GTA real estate market and rent controls in “coming week”

Sousa again promises action in GTA real estate market and rent controls in “coming week”

In another of several announcements promising action on the Ontario housing market — this one promising “in the coming week” — Ontario’s Finance Minister Charles Sousa revealed more details of the pending plan to rein in speculative market pricing in the GTA area. A combination of low supply and excessive demand has thrust house pricing…

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