Construction
Special assessments foreseen as CPI rises
Coming out of an extended period of low inflation, many condo boards will confront reserve fund shortfalls as the consumer price index now pushes up toward 7 per cent.
What’s ahead for Ontario’s condo market?
While overall activity has declined, condo supply continues to remain very constrained in the primary GTA markets. However, new pre-construction launches continue to be very popular.
Condos at high risk from reserve fund shortfalls
The growing crop of condo owners across Canada will likely encounter huge annual fee increases and lump-sum payments due to low reserve fund contributions, authors of a new research report are warning.
Condo market offers hope amid housing woes
Those seeking more affordable housing options are finding a cure-all in the condo market, which offers affordability, availability, amenities, and neighbourhood liveability.
The fatal flaws behind the Surfside condo collapse
Building failures of this horrific scope are seldom seen in North America. But it is important to examine what happened so we can learn and prevent similar collapses in the future.
Realtors scrutinize proposed blind bidding ban
One of the more contentious policies to surface over the past week is a subscribed end to blind bidding.
Scanning the road ahead for EV-ready condos
As the country moves to accelerate the adoption of electric vehicles, questions are brewing among people living in multi-unit dwellings.
Purpose-built rental pro formas under pressure
Developers are facing escalating material costs, supply chain disruptions and labour shortages in step with climbing vacancies and falling rental rates that were not contemplated 18 months ago.
Homes prices off the charts in most regions
Home prices across the country have gone haywire over the past year, particularly in Atlantic Canada and more recreational locations.
GTA new condo market rebounds from COVID hit
The new condo market in the GTA has not only fully recovered from a pandemic slump, but reached record sales in the second quarter of 2021.
Could a Florida condo collapse happen in Ontario?
How would this scenario unfold in Ontario? Leaving aside the construction process itself, there are vast differences between Ontario and Florida condominium laws that would have given the Champlain towers significant added protections following registration.
Ontario advances elevator repair legislation
Ontario is kicking the dust off of elevator repair legislation, which was passed under the Liberal government in May 2018 but never proclaimed into law.
New condo in Toronto bets on market rebound
In tech-giant style, PRIME will offer 4,000 square feet of Facebook-inspired outdoor and indoor co-working space and an expansive 24-hour fitness facility.
Digging into the coming geothermal boom
While the relevance of geothermal has been percolating for years, the buzz is that more developers are starting to pay attention.
Six women shaping Canada’s residential spaces
Women developers, architects and interior designers are helping to manifest just a few of the country’s most dynamic condos and communities.
Construction rebar imports spur dumping inquiry
Canada Border Services Agency is currently investigating evidence that up to nine countries are dumping products that undercut domestic prices and are deleterious to Canadian manufacturers.
The GTA condo market: its not all bad news
The Greater Toronto Area’s condo market hasn’t emerged completely unscathed. But it’s not all bad news.