Canada's Condominium Magazine

Monthly Archives: December 2016

Toronto's office vacancy rate lowest in NA, finance sector a key driver

Toronto's office vacancy rate lowest in NA, finance sector a key driver

Canada’s commercial real estate sector is on track for setting a new record for transactions completed in 2016. Investment in Canadian commercial real estate reached $11.2 billion in the third quarter, reports CBRE, the world’s largest commercial real estate services and investment firm. To date, investment totals $27.4 billion; CBRE predicts that the year-end total… Continue Reading

Toronto’s office vacancy rate lowest in NA, finance sector a key driver

Toronto’s office vacancy rate lowest in NA, finance sector a key driver

Canada’s commercial real estate sector is on track for setting a new record for transactions completed in 2016. Investment in Canadian commercial real estate reached $11.2 billion in the third quarter, reports CBRE, the world’s largest commercial real estate services and investment firm. To date, investment totals $27.4 billion; CBRE predicts that the year-end total… Continue Reading

Toronto officially launches initiative to become more resilient

Toronto officially launches initiative to become more resilient

The City of Toronto announced today that it has launched a “major effort” to improve the city’s resilience to the shocks and stresses of the twenty-first century. It follows Toronto’s joining of the 100 Resilient Cities Network, described as a global community of cities working to improve their resilience. The mayor said he was committed… Continue Reading

Housing starts down, building permits up, and affordability remains the big issue

Housing starts down, building permits up, and affordability remains the big issue

The number of new homes under construction in the Toronto area dropped by 36 per cent in November, Canada Mortgage and Housing Corporation reports. The decline is the result of fewer condominiums being built, though the number of single-detached homes increased. Most of the condominium construction was in the City of Toronto, while Milton and… Continue Reading

Anti-competition hearings wrap as TREB continues fight to keep sold info private

Anti-competition hearings wrap as TREB continues fight to keep sold info private

The Toronto Real Estate Board made its case one more time before the Competition Tribunal this morning in its final attempt to have a previous ruling overturned. The previous ruling said that TREB was indeed acting anti-competitively by refusing to allow selling price data to be made available to anyone on the internet. TREB has… Continue Reading

World’s mayors called on to stop climate change with urgent action by 2020

World’s mayors called on to stop climate change with urgent action by 2020

There has been a lot of hand-wringing among the environmentally aware since Donald Trump promised to withdraw from the Paris climate change agreement. Fortunately, if former New York City mayor Michael Bloomberg is right (he’s the billionaire who called Trump a “con” at the democratic convention in July), it won’t matter that much if Trump… Continue Reading

Suites at Tridel’s Selene now selling, offering affordable luxury for Toronto homebuyers

Suites at Tridel’s Selene now selling, offering affordable luxury for Toronto homebuyers

With all the talk of rising home prices in Toronto and the difficulty some first-time buyers are having qualifying for mortgages these days, Tridel, Canada’s pre-eminent and most trusted condominium developer offers a beautiful solution: “affordable luxury” at its latest offering, Selene at Metrogate. Suites at the final instalment of the master-planned community at Kennedy… Continue Reading

Wanted: science advisor to federal government. Must be brilliant, willing to relocate

Wanted: science advisor to federal government. Must be brilliant, willing to relocate

A government job opening announcement went up today, one that is expected to attract interest from some of Canada’s best scientific brains. The government is looking for a Chief Science Advisor. We haven’t had one in Canada since the previous government did away with the office in 2008, but in a campaign promise last year,… Continue Reading

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