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Saturday , 29 November 2014
  • Home ownership became a little less costly in third quarter: RBC

    Home ownership became a little less costly in third quarter: RBC

    Except for the usual places, homes are reasonably affordable in Canada and became a little more so in the three months from July through September. RBC’s latest affordability report says that a combination of lower utility costs, continuing low interest rates, and rising incomes made the costs of ownership “a little lighter” for most housing types in most parts of the country. For the third consecutive quarter, affordability improved for low-rise home types; for condominiums, it was the fourth straight “easing” of ownership costs. Condos continue to be the most affordable option “in every market,” which explains their popularity over the past many years. Outside of Toronto and Vancouver, where affordability is most “stretched,” the report says, there is little evidence of “undue affordability stress.” Even Toronto got some relief, though conditions are still worse than they were a year ago. Affordability improved slightly for two-storey homes and condos, while ... Read More »
  • Groundbreaking ceremony at 101 Erskine condos from Tridel

    Groundbreaking ceremony at 101 Erskine condos from Tridel

    Tridel announced this week that preparations for construction are now underway on its mid-town condos, 101 Erskine. The architectural, engineering and construction drawings are finalized, says the announcement, and the excavation equipment has arrived on site. The official groundbreaking ceremony has taken place. From an urban planning perspective, important both for those who intend to live in a particular neighbourhood and for those who may consider investing in it, 101 Erskine is extremely well located. The Yonge and Eglinton neighbourhood is a textbook example of good mixed use development. Erskine Avenue itself has a long-standing mix of single-family dwellings and apartment buildings. Both Yonge Street and Eglinton Avenue provide a rich mix of retail, entertainment, dining and office space. The surrounding streets, this being an old established neighbourhood, have schools, churches, parks and other community assets. It is the kind of neighbourhood in which it is possible to take care of ... Read More »

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