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 happily ever after in a condo: Top 5 “Happiness Factors” to consider before buying a condo; it’s not what you think

Living happily ever after in a condo: Top 5 “Happiness Factors” to consider before buying a condo; it’s not what you think

The condominium market is increasingly the go-to choice for urban dwellers, with the price of detached houses now out of reach for many. Condo living have distinct advantages in this hot market. It also has its own unique issues, starting with how to find a reputable builder/developer management company — and the 4 other “Happiness…

Social housing crisis — With a wait list of 181,000, what help is in sight for the proposed shut down of 1000 TCHC units?

Social housing crisis — With a wait list of 181,000, what help is in sight for the proposed shut down of 1000 TCHC units?

The pending Rental Fairness Act attempts to protect the 1.2 million rental householders in Ontario. But there are 181,000 people on the social housing waiting lists in Toronto alone that apparently have no relief in sight — with Toronto’s plan to shut down another 1000 units. The Ontario government may not be directly responsible for…

Rental Fairness Act: Act of kindness, or barrier to affordable housing? Either way, it will change everything for renters.

Rental Fairness Act: Act of kindness, or barrier to affordable housing? Either way, it will change everything for renters.

With 1.2 million rental households in Ontario, frequently rented from condo-owners, the stakes are high for Ontario residents in a “fairness” rental act. Ontario is following through on their announcements of rent control reform. A news release from Ontario’s Ministry of Housing makes it clear The Rental Fairness Act, 2017, is a coming reality. It’s safe…

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