Canada's Condominium Magazine

Monthly Archives: March 2017

Personal Real Estate Corporations one step closer to reality in Ontario

Personal Real Estate Corporations one step closer to reality in Ontario

Ontario realtors are optimistic that a change to the province’s Real Estate Business Brokers Act (REBBA), 2002 will finally allow them to enjoy certain tax benefits already available to other professionals such as chartered accountants, lawyers and doctors. The Tax Fairness for Realtors Act, 2017, has passed second reading at Queen’s Park and now goes… Continue Reading

New Blue Jays sponsor is major housing, building products maker with one incredible product

New Blue Jays sponsor is major housing, building products maker with one incredible product

A company described as a global leader in housing and building materials, products and services is the latest partner with the Toronto Blue Jays. LIXIL Canada, whose headquarters are in Tokyo, Japan, and whose brands include the famous American Standard bathroom fixtures and plumbing, DXV, and Grohe, announced a multi-year deal with the Jays. LIXIL will… Continue Reading

Condo sales soar to record highs as low-rise inventories drop to "almost inconceivable" lows: BILD

Condo sales soar to record highs as low-rise inventories drop to "almost inconceivable" lows: BILD

There is no mistaking the rising urgency in tone in the voice of the Building Industry and Land Development Association (BILD). The new-housing supply crisis in the GTA is not only “unprecedented,” it is now “almost inconceivable.” BILD president Bryan Tuckey said in his latest statement on new home sales in Toronto that the number… Continue Reading

Bothered by an ad you saw or heard? Here's how to complain

Bothered by an ad you saw or heard? Here's how to complain

Considering how much advertising is out there, and considering how much people tend to hate it, we were surprised to learn that the number of complaints about advertising lodged by consumers in Canada is relatively small. In 2016, just 1,639 complaints were submitted, concerning 1,237 advertisements, most of them about ads for retail, and most… Continue Reading

Exceptional year ahead for high-end Toronto condos; speculators and investors more active than previously thought

Exceptional year ahead for high-end Toronto condos; speculators and investors more active than previously thought

Spring is here and it is going to be a good one for the high-end condominium market in Toronto, if Sotheby’s International Realty Canada is right. Already this year sales of condos worth more than $1 million are up—“soaring” to use their word—exceeding 2016 levels for the same period by 104 per cent. To date,… Continue Reading

O happy Canada! Not just money, but freedom, generosity, trust make countries happy: report

O happy Canada! Not just money, but freedom, generosity, trust make countries happy: report

Does this surprise you? The Chinese are no happier today than they were twenty-five years ago, despite being five times richer, with millions more people owning personal computers and cars, as well as the usual accoutrements of affluence—colour television, air conditioning, washing machines, refrigerators. We would have taken it for granted that all of that… Continue Reading

More purpose-built rental units needed to avoid affordability crisis in Toronto: economist

More purpose-built rental units needed to avoid affordability crisis in Toronto: economist

Toronto’s housing market is not a normally functioning market. Legislation-driven land constraints suggest that we are in a classic case of market failure. The invisible hand, that enigmatic force mentioned by enlightenment economist Adam Smith, whereby self-interest is somehow transformed into public good, will not work in Toronto. These are the arresting opening thoughts in… Continue Reading

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