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Wednesday , 23 April 2014

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Americans, Canadians share growing faith in real estate

Canadians and Americans have much in common, and a few big differences. One of the commonalities has always been the dream of home ownership. Two recent polls, one by RBC in this country, the other by Gallup in the US, show that that faith in real estate remains high. Though the two polls took slightly different approaches to the subject—the RBC survey wanted to know if Canadians planned to buy a home in the next two years, while the Gallup poll asked the broader question of what would be the best option for long-term investment—they show that a positive view of real estate has been growing in both countries. Asked ... Read More »

Wood in construction can reduce carbon emissions, say reports


It’s Earth Day again, and as usual, its arrival rouses mixed feelings in many. On the one hand, we have children in many parts of the world (though mostly in the developed world), cleaning up rivers, planting trees turning off lights and thinking about what they can do to help, while conscientious adults make a donation to a “green” cause  or ride their bicycle to work: on the other, the unchecked industrial despoliation of the oceans and the earth for the profit of global business. Is there any doubt as to the outcome? There is reason for hope, however, even after the most pessimistic report ever from the United Nations ... Read More »

Home renovating fastest growing segment of housing industry

The home renovation industry is growing faster than the home building industry in Canada. The total value of residential housing in Canada in 2013 was $128 billion, according to a new Scotiabank Industry Trends report on housing. The biggest share of that, 45 per cent, came from new home construction, followed by renovation spending at 37 per cent. The remaining 18 per cent was transfer costs, consisting of the fees and taxes associated with real estate transactions. But it was the renovation segment that showed the fastest growth from 2000 to 2012.  Money spent on renovations during that time increased by 6 per cent annually; this was twice the rate ... Read More »

Tridel’s B.O.L.T. program holds annual Casino Night fundraiser

In 2009, Canada’s pre-eminent condominium builder, Tridel, launched a new initiative to address a problem the developer perceived to be affecting the construction industry. That problem was, and is, a shortage of skilled trades people, and it is at least partly the result of lack of awareness and learning opportunities for young people. The need to inspire a new generation of trades people and certified trades professionals was the impetus that moved Tridel to take action. In partnership with the Children’s Aid Society of Toronto and the Children’s Aid Foundation, Tridel began B.O.L.T. (Building Opportunities for Life Today) and in 2013 it was established as a charitable foundation. It has ... Read More »

Strong condo sales lift early April market in GTA

News of an impending slowdown in Canada’s housing market has evidently not reached Toronto home buyers, or if it has, they are ignoring it. Sales in the re-sale market for the first two weeks of April shot up by 10.8 per cent year over year, the Toronto Real Estate Board (TREB) reports today. The “robust” increase in sales amounted to 4,541 homes sold, putting the sales total within a handful of the level reached for the same period in 2012, the year with the highest sales of the three previous years. In the city of Toronto, the condo sector had the highest sales, with 676 units changing hands. This was a ... Read More »

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