Industry News

11 Yorkville

Mixed-use condo 11 Yorkville begins ascent

Once complete, the tower will feature 593 residences, 43,000 square foot, double-storey retail space, and a brand-new city parkette.
CCI Huronia

CCI Huronia named Chapter of the Year

CCI Huronia recently won the Lorne Young Chapter of the Year award from the Canadian Condominium Institute (CCI).
investment Vancouver

Housing markets sinking despite rising prices, report finds

Housing markets are falling deeper into a slump despite increasing property prices, suggests a new report by The Real Estate Investment Network.
New tax credit could apply on eligible common area upgrades

New tax credit may apply on common area upgrades

The one-time tax credit applies on eligible capital improvements made in 2021 to safeguard seniors and enable mobility and independence within their current principal residence.
Murray Johnson

Murray Johnson is new president of CCI-Toronto

Murray Johnson has been appointed as president of the Canadian Condominium Institute – Toronto and Area Chapter, effective November 10, 2020.
Medallion

Medallion organizes 1600-family food drive with condo residents

Property management company Medallion recently facilitated a 1600-family food delivery in the Downtown Eastside of Toronto.
Cambridge

SmartCentres gets approval to transform Cambridge property into residential units

SmartCentres is now officially building a residential community in Cambridge, Ontario on its 73-acre property that was previously zoned for strictly retail use.
selling price

Selling price of a Toronto condo sets record in Q3

The average condo selling price was up by 8.3 per cent year-over-year in the third quarter to $633,484. The average overall selling price in the City of Toronto was up by a similar rate over the same period.
Keystone

Keystone Condos breaks ground in Mississauga

Kaneff Group of Companies is starting to build its Keystone condo development on the Cooksville Creek Ravine in Mississauga.
air leakage

Minto pilots high-rise air leakage testing

Minto is now the first developer in Ontario to complete a baseline measurement for high-rise air leakage.
condo guide

Legislative changes to condo guide roll out next year

Amendments to the Condo Act related to condo guides are now expected to be enforced on January 1, 2021.
mortgage

COVID-19 prompts mortgage refinancing: survey

COVID-19 is driving some homeowners to refinance their mortgage ahead of deferral programs coming to an end.
condo managers

New education program for condo managers

Over the past year, the CMRAO has developed a roadmap and course curriculum that incorporates the identified competencies within the educational requirements.
Residential superintendents have rare pay status in Ontario's workforce

Superintendents’ rare pay status challenged

Added demands of COVID-19 haven’t necessarily come with a commensurate boost in earnings for a workforce among the minority of Ontario employees exempt from a mandated minimum wage.
Pointe Claire Mall

Cadillac Fairview unveils plans for Pointe Claire Mall redevelopment

Cadillac Fairview is one step closer to transforming Montreal’s Pointe Claire Mall on West Island into a bustling new downtown core, connected to the city by transit.
home prices

Home prices continue rising into fall season

Windsor reported the highest spike in Ontario, with the average price rising 17 per cent year-over-year followed by Oshawa.
10 Prince Arthur

10 Prince Arthur moves forward in Yorkville-Annex neighbourhood

Prices are expected to range from $3 to $15 million for units in a new high-end condo project called 10 Prince Arthur.