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Wednesday , 23 July 2014

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New home sales soared in June: condo sales up 94 per cent

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New homes are selling at higher-than-average rates in the GTA, particularly in the City of Toronto. RealNet Canada Inc., the official source of data about the new-home market for the Building Industry and Land Development Association (BILD), reports 4,608 new-home sales in June. This was the third highest June in the last decade for new home sales in the GTA. In the low-rise category—single detached homes—sales were 84 per cent higher than one year ago, an increase that RealNet called “considerable.” Low-rise home sales were 24 per cent higher than the ten-year average. The jump in new home sales was even more remarkable in the condo category, virtually doubling compared ... Read More »

Security trumps gadgets, home entertainment for smart home customers

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One way or the other, your home is going to get smarter. If you’re a tech enthusiast, and roughly one-third of us are,  it will happen sooner than later, but even “disenthusiasts” might agree about one thing: better security in the home is a good thing, and if “smart” means more secure, then they’re in. That’s what home technology company icontrol Networks reports after polling about one thousand consumers. They found that home owners are not as interested in having all kinds of gadgets connected in their personal internet of things as they are in home security. Nearly 90 per cent put personal and family security at the top of ... Read More »

Home appliance care: maintain appliances to extend their value

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Purchasing a condo is one of the biggest investments you make in a lifetime. Part of that significant investment includes the everyday appliances that care for your clothes, dishes and food. Whether your condo comes with brand new appliances or ones that have seen some use, all appliances can benefit from a little TLC to keep them at their best. Not only will regular maintenance on appliances like refrigerators, dishwashers and laundry machines help them work better, it will also help extend their lifespan while improving efficiency. Here are a few simple tips to keep your appliances running smoothly for years to come. Clean inside and out One of the ... Read More »

Innovative BioSkin combats heat island effect

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Do parents today still shout at their kids in wintertime to “shut that door” with the words “Are you trying to heat the whole street?” or a variation thereof? (The line can be adapted for summertime air conditioning.) As we now know, there’s more to this than we ever thought. Heat created in buildings really does heat up the street outside. In big cities, with hundreds of large buildings standing close to one another, the combined result of all that escaping heat is known as the heat island effect. And it contributes to urban misery when summer temperatures soar. A Japanese architecture firm, Nikken Sekkei, has just won recognition for ... Read More »

Low rates make now a good time to pay down the mortgage

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It seems that fewer Canadian mortgage holders these days are concerned about becoming mortgage free. Last year, more than two-thirds said, in responding to a CIBC poll, that they were taking steps to pay down their mortgage before the twenty-five-year amortization period was up. This year, just over half (55 per cent) claim to be doing the same. Has mortgage anxiety in Canada declined because mortgage rates have been so low for so long, letting mortgage holders focus on other financial objectives? Perhaps, according to CIBC. But we should remember, the bank cautions, that the current low rates also make this a favourable time to “make progress against your mortgage.” ... Read More »

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