Canada's Condominium Magazine

Monthly Archives: March 2017

Supply or demand problem? Foreign buyers tax or not? No unanimity in Toronto's housing price debate

After years of rapidly rising Toronto home prices and endless debates among real estate and building industry stakeholders about the causes thereof, the mayor has asked for a report on the subject and plans to call together a panel of experts for advice about what to do. One possible action could be to impose a… Continue Reading

Wind power now provides more renewable electricity in the US than hydro

Wind power now provides more renewable electricity in the US than hydro

For the first time, wind power now has greater generating capacity in the United States than hydroelectric power, making it the most important source of renewable energy in the country, according to a report in Proud Green Building. The Department of Energy reports that at the end of 2016 installed wind capacity reached 82,183 megawatts,… Continue Reading

If housing were more commodity, less investment, could we solve the supply problem?

If housing were more commodity, less investment, could we solve the supply problem?

In a well-functioning free market economy, consumers expect to buy the goods they need at a reasonable, stable price, which can be defined as one that comprises the costs of production, distribution, and retailing, and the profit taken by the producer. As long as the price of a loaf of bread remains more or less stable… Continue Reading

Tridel’s Aquabella in running for People’s Choice Award for best new development

Tridel’s Aquabella in running for People’s Choice Award for best new development

Award-winning Toronto condominium builder Tridel says that its Aquabella condos, now in preconstruction at the new Bayside community on the eastern waterfront, was designed to put people first. Now the people have the chance to put Aquabella first. The striking waterfront building, designed by the architectural firm 3XN of Denmark, is shortlisted for the BILD… Continue Reading

Banks, mortgage professionals urge government to hold off on further changes to lending

Banks, mortgage professionals urge government to hold off on further changes to lending

The government of Canada’s role in housing is clear: it’s to promote housing affordability and choice, to facilitate access to financing for home buyers, and to keep the housing sector strong. This is all laid out in the National Housing Act. In support of these objectives, the government extends low-cost funding to mortgage lenders. At… Continue Reading

Education, personal use top reasons Chinese seek Canadian homes: report

Finally, we have hard data about how many Chinese have bought, or thought about buying, Canadian homes, and why. It turns out, as so often happens, that the popular perception is not quite right. Chinese homebuyers in Vancouver and Toronto are not all wealthy investors whose activities in the market have helped drive prices higher;… Continue Reading

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