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Wednesday , 27 May 2015
  • CMHC sees relief from home price growth

    CMHC sees relief from home price growth

    Expect to see more condominium construction in the GTA over the next two years or so. This is not a forecast likely to catch many off guard, about as startling as “and the sun will rise in the east tomorrow.” Nevertheless, Canada Mortgage and Housing Corporation (CMHC) tells it like it is, and it is their projection that high-rise starts will increase over the next couple of years, the result of strong pre-construction sales that began trending up in mid-2013. The corporation says that housing starts are set to reach 32,400 units in both 2015 and 2016. Less demand for increasingly unaffordable new low-rise homes will also be a factor. Ontario will be one of the higher-performing provinces in the country, housing-wise, with an expected range of 58,600–64,200 new units this year and similar numbers next year. The province’s “improving economy” will support the new housing, but CMHC warns that ... Read More »
  • Islington Terrace Grand Opening: affordable condos in a great location

    Islington Terrace Grand Opening: affordable condos in a great location

    Anyone looking to buy a condo in Toronto these days won’t fail to notice that there’s a lot of choice out there. Even with all the possibilities available, finding the right one can still be a challenge. Yes, location is important, but so are affordability, the quality of the building’s construction and the individual suites’ finishes. Buyers will want to know about the building’s amenities and design, the suitability of the suites for one’s particular needs, and the reliability of the builder for delivering on time and taking care of customers throughout the buying process. All things considered, whether shopping for a new pair of shoes, a new car, or a new home, everyone wants to enjoy that sense of comfort and security that comes from knowing you have bought a top brand, backed by years of experience. Tridel, a family business, has over eight decades of home building behind it. ... Read More »

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