Toronto’s condo market is still in high demand, even despite the new Ontario foreign-buyer tax. Here are some charts that explain why and how the market is not dying any time soon. First, construction hit an all-time high in Ontario in the second quarter of 2017. Contractors are building enough to meet the demand in... Read more »
Changes are coming to the way condo boards in Ontario operate. To increase transparency, Condominium Directors will have their names listed in a publicly accessible database. Currently, that information is available by paying a steep fee. This rule was implemented after a group of people tried to take over at least six Toronto condo boards... Read more »
Canada Mortgage and Housing Corporation released a housing market insight report regarding the ownership structure of purpose-built rental apartments. The report presents that 90% of purpose built rental apartment units in Canada are dominated by either Individual Investors, or Private Corporations – leaving only about 10% for REITs, Public Corporations, Pension Funds and REIFs ownership... Read more »
Just west of Toronto’s downtown core, King-Spadina, once known for run down warehouses, is growing into a forest of glass and steel. The area continues to astonish,as it undergoes a construction like Toronto has never seen. Since 2004, at least 99 projects have been constructed, approved or pitched and the movement isn’t slowing down. King-Spadina is... Read more »
The newly discovered secret to Roman water-based structures’ strength could help today’s builders reinvent modern concrete. For over 1,500 years, their structures still remain standing – and the secret has been revealed. The Romans were discovered to use a mix of volcanic ash, lime (calcium oxide), seawater and lumps of volcanic rock, which held together... Read more »
A regulatory change came into force on July 12th as the government of Canada revised and corrected the Canadian Labour Code to minimize the exposure to airborne chrysotile asbestos as much as possible. Previously, the occupational exposure limit (OEL) was 1 fibre per cubic centimeter, but in reference to the American Conference of Governmental Industrial Hygienists... Read more »
As anyone who lives, or visits, Hogtown knows, the city’s skyline is constantly changing. Skyline postcards from just a few years ago are hopelessly out of date as new developments sprout up. According to the Toronto Star, this era of growth started in 1967 when Cadillac Fairview and TD Bank built the TD Center. The... Read more »
Thanks to this bill, the condo owners of two buildings in Coquitlam, BC have “hit the lottery”.
According to CBRE Toronto, the commercial real estate market has been prospering in the first quarter of 2017.
According to CBRE Ottawa, the year of 2017 is expected to be one of the largest ones in history for the commercial industry in the city, with a predicted $1.4 billion in transactions.
Over the last five decades, the Toronto condo industry has expanded rapidly, taking over neighborhoods both downtown and all over the GTA.