Canada's Condominium Magazine

Author Archives: Josephine Nolan

Zen design simplicity and elegance brings peace to your condo: an oasis in a chaotic world

Zen design simplicity and elegance brings peace to your condo: an oasis in a chaotic world

These days, day-to-day living is pretty chaotic. It can be difficult to manage the stress and unwind after a long day of constant movement and pressure. With that in mind, it is no wonder that millennials and baby boomers alike strive to find new ways to relax and free their minds. Yoga, Pilates, and deep… Continue Reading

Condo building starts soar to records, up 78% in Ontario according to CMHC

Condo building starts soar to records, up 78% in Ontario according to CMHC

Toronto-area builiding starts for condos soared to record numbers: 78% month-over-month in Ontario, from February to March 2018) as condos remain the most popular option for new home buyers. “Indeed, note that Toronto starts jumped to the highest since at least 1990, but all of the gain was in condos,” wrote Bank of Montreal chief… Continue Reading

Is real estate still a good investment? Despite attempts to cool the market, condo prices higher year-over-year. MLS Home Price Index Composite Benchmark up 3.2%

Is real estate still a good investment? Despite attempts to cool the market, condo prices higher year-over-year. MLS Home Price Index Composite Benchmark up 3.2%

With the notable exception of 2018, year-by-year prices in the GTA rose consistently — and so far we’re only at February. Will 2018 end up higher than 2017? In February, comparing year-over-year, prices are down to $767,818 from $822,603 (average of 2017) — yet the prices are still higher than 2016, before the surge in… Continue Reading

Luxury Condo Prices Growing at Double-Digit Rates Despite Cooling Housing Market

Luxury Condo Prices Growing at Double-Digit Rates Despite Cooling Housing Market

As the housing market cools across Toronto and the rest of the country, condominiums continue to become increasingly popular, especially among foreign buyers and baby boomers who are looking to downsize. Sales of condos priced above $1 million surged drastically across the country, with Toronto taking the lead with a 59 per cent sales increase.… Continue Reading

Scheduled for work, but you have the flu. Should You stay, or should you go? With higher fatality indicators, experts say stay home.

Scheduled for work, but you have the flu. Should You stay, or should you go? With higher fatality indicators, experts say stay home.

The recent flu-related deaths of otherwise young, healthy patients brought “flu awareness” back to the top-of-mind social issue. A healthy athlete, a ten year-old child, and other healthy people have died of flu complications.The ongoing debate over “go to work or stay home” has never been more urgent than in this flu season, which appears… Continue Reading

Canada ranked #1 in world for “Quality of Life” and #2 overall in total rankings from annual U.S. News “Best Countries Overall Rankings 2018”

Canada ranked #1 in world for “Quality of Life” and #2 overall in total rankings from annual U.S. News “Best Countries Overall Rankings 2018”

It shouldn’t suprise people of Canada, that they are again number 1 for “Quality of Life” in the 2018 “Best Countries Overall Rankings” from U.S. News. Overall, on all rankings as a composite, Canada’s the number 2 country overall, after Switzerland (which ranked #6 for “Quality of Life.”) Our close neighbours, the United States ranked… Continue Reading

Toronto-Area Rental Prices Soar as Vacancies Dwindle, Forcing Potential Buyers to Look in the 905

Toronto-Area Rental Prices Soar as Vacancies Dwindle, Forcing Potential Buyers to Look in the 905

A recent report released by real estate consulting firm Urbanation showed that condo rental prices in the Greater Toronto Area rose 9 per cent in the fourth quarter as supplies dwindled. This brought the average price to $2,166 for the fourth quarter and $2,392 for the month. In fact, Toronto has the most expensive one-bedroom… Continue Reading

Ask the Lawyer: “I recently bought my condo and a locker, but my locker is currently occupied by somebody else.”

Ask the Lawyer: “I recently bought my condo and a locker, but my locker is currently occupied by somebody else.”

A reader asks: “I recently bought my condo and a locker, but my locker is currently occupied by somebody else. I asked building management a couple of times, but they said they are not responsible to vacate my locker. They can loan me the pliers to let me cut the padlock, but still, they said… Continue Reading

Beaches condos rose 9.16 percent December 2017 year-over-year; four neighbourhoods show remarkable price increases: E02, C01, W03, and C03

Beaches condos rose 9.16 percent December 2017 year-over-year; four neighbourhoods show remarkable price increases: E02, C01, W03, and C03

According to a recent report by the Toronto Real Estate Board, real estate prices rose drastically in four areas of Toronto — faster than the average: The Beachess condo segment’s benchmark price rose to $681,000, an increase of 9.16 per cent, one of the most dramatic increases of any area. The Toronto Real Estate Board’s… Continue Reading

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