page contents
Sunday , 26 March 2017

Monthly Archives: September 2016

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” but raise housing prices. High-rise condominium living by families could alleviate house price pressures, and some realtors think there will be a “major increase” in the number of families living in condos over the next five to ten years. These are some of the familiar topics covered in the latest research from Fortress Real Developments’ ... Read More »

Torontonians want better transit, more green space in low-carbon city of the future

In 2007, the City of Toronto set the goal of reducing greenhouse gas emissions by 30 per cent by the year 2020, based on 1990 levels, and 80 per cent by 2050 as part of its strategy to fight climate change. To date, the city says, city-wide emissions are down 24 per cent. The city is now moving into the next phase of the plan, the “technical scenario modeling” phase, which means deciding on the most effective ways to reduce emissions going forward. Input from more than 2,000 Toronto residents will be included in the development of the plan. TransformTO, a city initiative working with the Toronto Atmospheric Fund, has ... Read More »

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 decision making is important, but some of us are making “embarrassing” choices when it actually comes to making those decisions. The home mortgage is usually taken as the single most important financial commitment most people will ever make. Being approved for a mortgage is an affirmation that the applicant is a mature, responsible, creditworthy individual, ... Read More »

San Francisco first big US city to adopt green roof by-law

In 2009, Toronto became the first city in North America to have a bylaw requiring green roofs on new residential, commercial and institutional construction. Now San Francisco has become the first big American city to do the same. As of now, new construction in the city of San Francisco must have a green roof and or solar panel. Builders and developers have the option of building 30 per cent of roof space as green or a combination of green with solar panels. An existing law already requires that 15 per cent of roof space be set aside for solar. The Toronto bylaw, in contrast, requires up to 60 per cent ... Read More »

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, also under construction with an occupancy date of 2018, Aquabella offers exclusive waterfront homes from $1 million. It is, as the announcement puts it, “luxury by the lake.” The original announcement back in April generated considerable excitement in part because of Tridel’s selection of 3XN Architects, a Danish firm, to design the building. It marks ... Read More »

Scroll To Top