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Trends and development of Canada's condominium market.

Google’s Sidewalk Labs teams up with Waterfront Toronto to create urban community “lab” of the future at Portlands

Google’s Sidewalk Labs teams up with Waterfront Toronto to create urban community “lab” of the future at Portlands

Toronto’s worldwide reputation as a technology hub was bolstered by an announcement from Google’s Sidewalk Labs, who will partner with Waterfront Toronto (and all levels of government). The goal is to transform the last remaining undeveloped waterfront land in Toronto, at Quayside into the urban smart city of the future — a technology-optimized, environmentally-friendly mixed-use… Continue Reading

Condominium Act or Residential Tenancies Act: which takes precedence in a tenant issue? Can a condo landlord deny permission to sub-lease or have pets?

Condominium Act or Residential Tenancies Act: which takes precedence in a tenant issue? Can a condo landlord deny permission to sub-lease or have pets?

Today, there seems to be little incentive for condo owners to “lease” out or rent their condos. In doing so, the condo owner (as a Landlord) places him/herself between the Tenant (who has rights under the Residential Tenancies Act) and the Condominium Corporation (governed by the Condominium Act.) This difficult relationship was highlighted recently by… Continue Reading

Pre-build condos growing in popularity. More than 1/3 of Toronto home-buyers in market prefer condos, generally. Survey: what home buyers want

Pre-build condos growing in popularity. More than 1/3 of Toronto home-buyers in market prefer condos, generally. Survey: what home buyers want

In Toronto, where “ground” living is at a premium, only 37% of prospective home-buyers focused on a detached home, versus 34% for condominiums — but the preference for condominiums is on the rise. The previous data was cited in TREB’s 2017 Market Outlook, early this year. [1] Since that earlier study by Ipsos Reid, Jason Mercer,… Continue Reading

City of Toronto reports active outbreaks of flu, Parainfluenza type 2, and Rhinovirus: yes, it’s already flu season; how to prepare

City of Toronto reports active outbreaks of flu, Parainfluenza type 2, and Rhinovirus: yes, it’s already flu season; how to prepare

Toronto reports weekly on cold and flu outbreaks in healthcare institutes. For this week, today’s report (Sept 28, 2017), Toronto is reporting an “Outbreak” in hospitals, long-term care homes and retirement homes — all of whom have to report. The following institutes have outbreaks (currently active and spreading): Sunnybrook Health Sciences Centre (Parainfluenza type 2) Cummer… Continue Reading

#1 Health risk to children — only 7% of 5-11 year-olds get enough exercise; walking the kids to school instead of driving helps children meet physical activity goals

#1 Health risk to children — only 7% of 5-11 year-olds get enough exercise; walking the kids to school instead of driving helps children meet physical activity goals

According to a study in the British Journal of Sports Medicine, Canadian children rank only 19th in the world for fitness. According to Dr. Lang of the Healthy Active Living and Obesity Research Group (Ottawa) — a lead author in the study: “We know that aerobic fitness in kids is related to health. Kids with better… Continue Reading

Demographics and low inventory put pressure on Toronto’s real estate prices to increase: Toronto’s population to hit 7.1 million by 2019

Demographics and low inventory put pressure on Toronto’s real estate prices to increase: Toronto’s population to hit 7.1 million by 2019

Despite legislative tinkering with the real estate market, supply and demand remains the main market force in the real estate market. With Toronto’s population projected to increase to 7.1 million by 2019 — and only a 2.3-month inventory available — the demand will remain strong. This is one reason prices have not significantly dropped at… Continue Reading

Landlords’ market: “any price goes” — shortage of inventory rentals in Toronto may bring back condo investors, despite rent controls

Landlords’ market: “any price goes” — shortage of inventory rentals in Toronto may bring back condo investors, despite rent controls

Not only is it expensive to rent an apartment or condo in the GTA area, it’s sometimes impossible to even be considered. The new Ontario rules that protect tenants only protect existing tenants from increases; new tenants are paying the price.     Some analysts (see below) blame the new rental control rules — which… Continue Reading

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