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Trends and development of Canada's condominium market.

“Short term cities”: new report from McGill indicates top 1 percent of short term renters growing (Airbnb) taking in $51.7 million annually

“Short term cities”: new report from McGill indicates top 1 percent of short term renters growing (Airbnb) taking in $51.7 million annually

$51.7 million of income was earned by the top 1 percent of “hosts” out of a total revenue of $430 million last year for the cities of Toronto, Montreal and Vancouver. Some of these full-time entire home “hosts” have hundreds of properties listed on Airbnb. The claim was rejected by Airbnb (see below.)  In other… Continue Reading

Is Toronto unaffordable? Relative to comparable world cities 2017 data indicates Toronto is a good value at current prices

Is Toronto unaffordable? Relative to comparable world cities 2017 data indicates Toronto is a good value at current prices

Toronto home price increases have created an affordability crisis. Affordability, in part, is the rationale used by the Ontario Government to bring in significant market-dampening tactics. Although these rules have dramatically (and most likely temporarily) put the brakes on market sales, price continued upwards last month (June, 2017). According to the latest TREB data condo… Continue Reading

Current Condominium Act rules discourage retrofitting for electric car charging; only new condo developers providing charging stations

Current Condominium Act rules discourage retrofitting for electric car charging; only new condo developers providing charging stations

Global shifts toward energy efficiency and emissions control have prompted many to opt for electric vehicles. However, many Ontario residents have run into an unexpected obstacle with the Ontario Condo Act. Residents are questioning these regulations and requesting that changes be made to make it easier for them to request the charging stations they need… Continue Reading

Toronto only 86th most expensive city in the world? #4 in the World for liveability and #3 for city prosperity — there are still good reasons to live in Toronto

Toronto only 86th most expensive city in the world? #4 in the World for liveability and #3 for city prosperity — there are still good reasons to live in Toronto

With prices on housing at record highs, why do people still want to live here? Relative to otherworld cities, Toronto home prices are very affordable (as compared to Hong Kong New York, London, Paris); for cost of living it’s ranked #86th most expensive city in the world by the Economist (2017). When you consider, Toronto’s… Continue Reading

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