Canada's Condominium Magazine

Monthly Archives: October 2016

Real estate market outlook optimistic, but supply problem will have to be addressed: report

Real estate market outlook optimistic, but supply problem will have to be addressed: report

Optimism is the predominant attitude regarding the Toronto real estate market, though it is tempered by a measure of caution. The residential real estate market has remained strong, with high sales volumes and prices, supported by a strong local economy, steady immigration and low interest rates. Barring an unforeseen catastrophe—a sudden interest rate hike, an… Continue Reading

Toronto condo sales, rental stats show tightening, under-supplied market

Toronto condo sales, rental stats show tightening, under-supplied market

It is clear that the rental market in Toronto is frustratingly tight. Bidding wars among would-be tenants have become common, and rents for condos, which are becoming an increasingly essential part of the rental stock available, are skyrocketing. Depending on whose numbers one accepts, the average one-bedroom condo rent was $1,777 per month in the… Continue Reading

YWCA urges government to view women's homelessness through  "gender lens"

YWCA urges government to view women's homelessness through "gender lens"

Women experience homelessness and access to affordable housing in ways that are different from men, says a brief submitted by the YWCA to the federal government. In formulating its promised National Housing Strategy, therefore, the government should include a “gender lens” that recognizes the connections between women’s homelessness and their unique social circumstances. Women earn… Continue Reading

YWCA urges government to view women’s homelessness through  “gender lens”

YWCA urges government to view women’s homelessness through “gender lens”

Women experience homelessness and access to affordable housing in ways that are different from men, says a brief submitted by the YWCA to the federal government. In formulating its promised National Housing Strategy, therefore, the government should include a “gender lens” that recognizes the connections between women’s homelessness and their unique social circumstances. Women earn… Continue Reading

Toronto studying how to regulate short-term rentals as Airbnb continues to grow

Toronto studying how to regulate short-term rentals as Airbnb continues to grow

Call it criminal behaviour or call it ingenuity, but a Toronto woman’s actions in defrauding a landlord have got her arrested. The woman allegedly signed a lease with fraudulent intentions with a downtown condo owner. First the woman’s rent cheques bounced, then the owner discovered that she was advertising the place for rent on Aribnb.… Continue Reading

Don't fall for tech support scams; Microsoft says it never initiates contact with users

Don't fall for tech support scams; Microsoft says it never initiates contact with users

Canadians, it turns out, have a healthy scepticism about unsolicited calls, e-mails and pop-up ads offering Microsoft or other tech support for their computers. Thousands of Microsoft users in twelve countries were surveyed, and Canadians were among the least likely to fall for the so-called tech support scam that is sweeping the world. Only 4… Continue Reading

Don’t fall for tech support scams; Microsoft says it never initiates contact with users

Don’t fall for tech support scams; Microsoft says it never initiates contact with users

Canadians, it turns out, have a healthy scepticism about unsolicited calls, e-mails and pop-up ads offering Microsoft or other tech support for their computers. Thousands of Microsoft users in twelve countries were surveyed, and Canadians were among the least likely to fall for the so-called tech support scam that is sweeping the world. Only 4… Continue Reading

Urgent action needed to address Ontario's growing skills gap: report

Urgent action needed to address Ontario's growing skills gap: report

Something is very wrong with the way Ontario’s education system prepares students for entering the workforce. Ontario turns out more graduates with post-secondary education than any country in the OECD, yet many of them earn less than the national median income and are ill-prepared for the jobs they are hired to do. The province has,… 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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