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Thursday , 18 September 2014
  • National home sales, prices continued to rise in August

    National home sales, prices continued to rise in August

    Home sales have remained strong in Canada’s main cities through the summer, prompting the Canadian Real Estate Association (CREA) to issue an update of its forecasts for 2014 and 2015. A surge in sales occurred in the spring market of May and June, in which properties were “snapped up” following an “extraordinarily bleak” winter. Those sales have yet to show signs of cooling, CREA says. The realtor group therefore revised its forecast for 2014 from 463,400 to 475,000, an increase of 3.8 per cent over 2013. The revised forecast reflects stronger than expected sales in recent months, it says. Sales activity for 2014 remains “broadly” in line with the ten-year average, though slightly above it. Nationally, home sales rose 1.8 per cent from July to August, the seventh consecutive monthly increase. Monthly sales actually increased in fewer than half of all local markets, but such is the power of the ... Read More »
  • Extensive amenities at new Tridel community include basketball court

    Extensive amenities at new Tridel community include basketball court

    The newest condo offering from Tridel, Islington Terrace, will have one of the most extensive selections of amenities anywhere in the city. Tridel has just released information about what will be available at the new community, and the list is a long one, comprising twenty-five separate items occupying 50.000 square feet of space, indoors and out. In addition to the now standard party and games rooms, rooftop lounge, barbeque area, swimming pool, sauna, whirlpool and yoga room, Islington Terrace will have its own basketball court. The basketball court will add a whole new dimension to the state-of-the-art fitness centre. As the Tridel announcement says, why join a gym when everything you need is all right there in your building? To keep the children happily occupied, a dedicated children’s zone, with splash pool and play room, will be available. The Islington Terrace community will be a master-planned community consisting of three ... Read More »

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  • Rosy outlook for Ontario economy: CIBC

    Rosy outlook for Ontario economy: CIBC

    A couple of relatively optimistic reports from Canada’s big banks, one from RBC the other from CIBC, will likely give Ontario’s finance minister, Charles Sousa, reason to smile. The two brief reports call for “accelerated growth” (that’s RBC) and a “notable resurgence” (CIBC) in Ontario’s economy to continue into 2016. Of the two, CIBC’s report is markedly more sanguine about Ontario’s prospects, going as far as to forecast an additional $4–5 billion in revenues for the province in the next two years. Given a deficit of $12.5 billion and an apparently impossible promise to achieve a balanced budget by 2017, those extra billions couldn’t come at a better time, from an embattled finance minister’s point of view. Both banks credit an improving US economy for Ontario’s changing fortunes. Ontario has always been more dependent on the US markets because of the importance of its manufacturing sector. Now, after more than ... Read More »
  • Banker says it’s up to Ottawa to control consumer debt

    Banker says it’s up to Ottawa to control consumer debt

  • Gen X homebuyers don’t want to be house poor

    Gen X homebuyers don’t want to be house poor

  • Judge’s ruling a warning to condo boards: never ignore a court order

    Judge’s ruling a warning to condo boards: never ignore a court order

  • NYC co-op story stranger than fiction

    NYC co-op story stranger than fiction

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