Canada's Condominium Magazine

Monthly Archives: March 2017

Mortgage lenders report declining business as new regulations take effect

Mortgage lenders report declining business as new regulations take effect

For several years now, well before the latest federal government moves to restrict Canadians’ access to residential mortgages, observers, including the International Monetary Fund, have worried that cracking down on Canada Mortgage and Housing Corporation insured mortgages would simply push Canadians into the uninsured mortgage market. While uninsured mortgages are perfectly legal—a buyer must have… Continue Reading

Aging condominium updates for an aging population

Aging condominium updates for an aging population

The following is reprinted with permission of Adaptability Canada By Jeff Wilson Condominiums are not just for young people; there are many elderly condo residents that bought their units in the 1980s. Many early construction condo buildings are now facing challenges of providing amenities to owners who are 65 years or older. These buildings often… Continue Reading

Ontario to have competitive, multi-provider new home warranty system

Ontario to have competitive, multi-provider new home warranty system

The most sweeping change for Ontario’s new homeowners as a result of the now complete study of the province’s new home warranty plan legislation is that the existing monopoly, held by Tarion Warranty Corporation, will end, if the government follows the report’s recommendations. The monopoly will be replaced by a competitive, multi-provider system in which… Continue Reading

Acclaimed poet Anne Michaels, Toronto's poet laureate, helps launch National Poetry Month

Acclaimed poet Anne Michaels, Toronto's poet laureate, helps launch National Poetry Month

Toronto City Council is not a place that comes to mind when one thinks of poetry. Hearing a poem read there must feel a little surreal to the councillors, poets using the language of allusion, metaphor, suggestion, having nothing much to do with the cold, dry language of subways and bylaws and taxes. We haven’t… Continue Reading

Mortgage brokers want more incentives, fewer restrictions on new home buyers

Mortgage brokers want more incentives, fewer restrictions on new home buyers

Canada’s mortgage brokers claimed a victory of sorts when the federal government introduced no new mortgage rule changes in last week’s budget. Now they are hoping for similar success with the Ontario provincial government, which is expected to introduce its own budget in coming weeks. In a presentation to the standing committee on finance on… Continue Reading

Fake olive oil, coffee, fish, honey on menu at international food fraud conference in Quebec

Fake olive oil, coffee, fish, honey on menu at international food fraud conference in Quebec

It’s almost embarrassing buying olive oil at the supermarket, especially the Italian brands. One feels one might as well send a money transfer directly to the Italian “agrimafia,” and the oil is so expensive to begin with. A couple of years ago, almost half of all extra-virgin olive oil brands produced in Italy were found… Continue Reading

Other Popular Stories

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…

The Greater Golden Horseshoe could become greater, golder, and greener: Ontario updates land use plans

The Greater Golden Horseshoe could become greater, golder, and greener: Ontario updates land use plans

In an effort to improve livability in the Greater Golden Horseshoe, while protecting the environment, Ontario has passed updated land use plans intended to encourage sustainable communities. The plans were released on May 18, 2017 after two years of review.     These include updates to the Greenbelt Plan, the Growth Plan for the Greater Golden…

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