Canada's Condominium Magazine

Greater Toronto Scene

Special coverage of the GTA Condominium and lifestyle scene.

Toronto Transit Commission running ghost trains: operators familiarize themselves with line 1 extension and new stations

Toronto Transit Commission running ghost trains: operators familiarize themselves with line 1 extension and new stations

The Toronto Transit Commission (TTC) began conducting tests on its Line 1 extension, known as the Toronto-York Spadina Subway Extension, between Sheppard West and Vaughan Metropolitan Centre on Sunday, November 26th. The extension, which cost $3.1 billion, was funded by the federal and provincial governments and the Regional Municipality of York.     The testing… Continue Reading

City of Toronto builds a shopping mall? Build Toronto goes it alone for the first time to develop a shopping mall near Wison Subway

City of Toronto builds a shopping mall? Build Toronto goes it alone for the first time to develop a shopping mall near Wison Subway

Build Toronto, for the first time, developed its own shopping mall, dubbed “The Shops at Wilson Station”. Usually, Build sells off city property to developers, with revenues to go into capital funds and infrastructure. Notably, their first step into development was a joint project with Tridel for 10 York St. — but this was its… Continue Reading

​Tenant Verification Services’ “Bad Tenant Database” allows landlords and condo owners can search tenant history

​Tenant Verification Services’ “Bad Tenant Database” allows landlords and condo owners can search tenant history

Landlords across Canada have been vocalizing concerns over problematic tenants for years. Faced with issues such as damaged property and rental income loss, these landlords and property managers have requested a “bad tenant registry” to assist them in keeping their buildings safe and hassle-free. ​The Tenant Verification Service has recently granted that request, launching its… Continue Reading

A good time to be a condo landlord: despite record high rent, up 10.3% year-over-year, intense tenant competition makes it a “landlord’s market”

A good time to be a condo landlord: despite record high rent, up 10.3% year-over-year, intense tenant competition makes it a “landlord’s market”

The average vacant condo is rented within 10 days, at an average rent of $2,219. Ontario’s new rent controls, expanded to include newer buildings, is partially to blame for record high rent being asked by landlords across the city. With caps on rental increases for renewing tenants, landlords are making sure their initial rent is… Continue Reading

Millenials live with parents longer in Toronto: new study “Gen Y at Home” from University of Waterloo gives reasons for Census data

Millenials live with parents longer in Toronto: new study “Gen Y at Home” from University of Waterloo gives reasons for Census data

Why do 47.1 % of millennials in the GTA still live with their parents — 13% more than the already-high National average? [As reported previously in Condo.ca>>] According to a new study from the University of Waterloo, GenY at Home, the main reasons are housing prices, debt and job instability. Although these aren’t big surprises,… Continue Reading

50,000 jobs lost after minimum wage increase? Financial Accountability Office (Ontario) cautions young people to be ready.

50,000 jobs lost after minimum wage increase? Financial Accountability Office (Ontario) cautions young people to be ready.

While the minimum wage increases, set to increase in increments, is good news for employees, the Financial Accountability Office (FAO: Ontario government’s watchdog) is warning there may be up to 50,000 jobs lost as employers reduce hours to compensate. Prices of goods will also likely increase by 0.5% (after inflation is removed). Impact on the housing… Continue Reading

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