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Saturday , 25 October 2014
  • No signs of bubble in Canada’s housing market: report

    No signs of bubble in Canada’s housing market: report

    A just-released report on the new home market in Canada seeks to put to rest any worries that the market is either being overbuilt or overvalued. Ben Myers, SVP Market Research and Analytics at Fortress Real Developments, states categorically, “There is no bubble in the Canadian housing market.” Myers’ report, The Market Manuscript, looks at several major markets across Canada, including Toronto. Myers has also created a short video presentation to explain his position about the absence of a housing bubble. Defining a bubble as rapid increases in valuations of real property until they become unsustainable and then decline, he puts out a simple argument. Based on Statistics Canada’s New Home Price Index (NHPI), which provides market data going back over thirty years, he shows that the median price of a new home has risen at a steady 3.3 per cent. Just once in the last ten yeas has the ... Read More »
  • New Aquavista waterfront condos from Tridel

    New Aquavista waterfront condos from Tridel

    In June of 2013, Toronto condominium developer Tridel Corp. and real estate developer Hines International officially revealed plans for the first residences to be built at the new Bayside community on Toronto’s waterfront. Aqualina at Bayside, a condominium community designed by architectural firm Arquitectonica, will rise on the waterfront location bounded by Sherbourne Common, a new Waterfront Promenade, a new road called Merchants’ Wharf, and Queen’s Quay Boulevard. The new neighbourhood of East Bayfront will contain 3 million square feet of residential and commercial space, all on the water’s edge. As Tridel vice president of sales and marketing, Jim Ritchie, commented at the time, “There are few condominium locations which offer this intimate a connection with Lake Ontario, and fewer still that are as fully integrated into the development of the surrounding area as Aqualina at Bayside Toronto.” Now there is another. Tridel and Hines have just announced the second ... Read More »

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