Canada's Condominium Magazine

Monthly Archives: December 2016

Consumers more positive about economy as holiday shopping season enters final week

Consumers more positive about economy as holiday shopping season enters final week

Your country needs you—to spend. In 2016, consumer spending was up 2.2 per cent, says BMO, and conditions continue to be “favourable” for consumers. Employment is up, household net worth is up, owners’ equity in real estate is up, and consumer confidence is up. The fact that household indebtedness is also up is the only… Continue Reading

Ontario government seeking public input on new condo management program

Ontario government seeking public input on new condo management program

A year ago, the Protecting Condominium Owners Act, 2015 (PCOA), received Royal Assent in Ontario. That act made substantial amendments to the Condominium Act, 1998. It also enacts the Condominium Management Services Act, 2015 (CMSA), which will make it obligatory for all condominium managers to have certain qualifications. The Ministry of Government and Consumer Services… Continue Reading

Lower November home sales signal impact of new mortgage rules: CREA

Lower November home sales signal impact of new mortgage rules: CREA

Recent regulatory measures taken by the federal government have dampened a “wide swath” of housing markets in Canada and pushed some first-time buyers to the sidelines, says the Canadian Real Estate Association (CREA) in its sales report for the month of November. November’s results, which show a decline of 5.3 per cent in sales nationwide,… Continue Reading

Canadians better off as net worth, assets, savings rise, but so does household debt

Canadians better off as net worth, assets, savings rise, but so does household debt

The latest national wealth/national debt figures from Statistics Canada present an observer with some interesting options, which can perhaps best be described as seeing the glass as half full or half empty, depending on one’s disposition and tolerance for risk. The Stats Can report begins with an upbeat headline stating that national wealth has expanded… Continue Reading

Stem cell research venture a big boost to Canada’s biotech industry

Stem cell research venture a big boost to Canada’s biotech industry

Even though it has been touted as one of the most potentially beneficial areas of scientific research, the study of stem cells continues to raise controversy. An experiment announced in India earlier this year, which would have used stem cells to attempt to regenerate brain cells in brain dead patients, was described in the press… Continue Reading

Other Popular Stories

Even with a dip in home sales, as markets adjust to new rules, new home pricing remains high due to low supply and “right sizing” dilemma

Even with a dip in home sales, as markets adjust to new rules, new home pricing remains high due to low supply and “right sizing” dilemma

Although some recent reports show a drop in actual resale sales — in the short-term dramatic double digit drops according to some brokers — prices are showing no sign of dropping on new homes.[1] The Building Industry and Land Development Association recently released data detailing rising costs for new detached and semi-detached homes, as well…

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…

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