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Shibley Righton LLP’s condo law group expands

Prominent local condo lawyers Audrey Loeb and Armand Conant have teamed up under the Shibley Righton LLP banner.

TREB revises 2017 home buying forecast downwards

The Toronto Real Estate Board has revised its forecast range for 2017 transactions down to between 89,000 and 100,000, but listings are expected to grow.

CetraRuddy selected to design Yorkville condo

CetraRuddy, the New York-based team behind Manhattan’s One Madison tower, has been selected to design Adi Development Group’s 64 Prince Arthur.

Canadian home sales cool further in June

The number of homes sold in Canada fell 6.7 per cent from May to June, marking the largest monthly decline in home sales since June 2010, says the CREA.

Governments invest in Port Lands transformation

The governments of Canada, Ontario and Toronto are investing in projects like the Toronto Port Lands Flood Protection to help protect against climate change

Toronto installs most green roofs in 2016

Toronto installed the most green roofs in 2016, followed by Chicago, Washington D.C., and Seattle.

Fortress completes first commercial condo project

Fortress and Kingridge have completed the construction and registration of Kingridge Square, an office and commercial condo development in Oakville.

Old condo board out, new condo board in at L Tower

Owners of Toronto’s L Tower voted on June 29 to remove its now-former board of directors and elect replacements.

Proposed licensing fees for condo managers released

Proposed licensing fees for condo managers and condo management firms would see the two groups share the costs of regulating the sector.

Condo returns, registry coming to Ontario in 2018

Ontario condo corporations can expect to start filing annual returns in 2018, according to a regulatory proposal released last week.

National sales forecast to decline later this year

The CREA has updated its forecast for home sales activity for 2017 and 2018, predicting national sales activity will decline this year.

GTA home sales plunge 37.3 per cent annually

In June 2017, Greater Toronto Area realtors reported 7,974 home sales through the TREB’s MLS System, a drop of 37.3 per cent compared to June 2016 levels.

Ontario releases foreign buyer data ahead of housing forum

Foreign buyers were involved in roughly 4.7 per cent of residential and agricultural real estate purchases in the Greater Golden Horseshoe, new data shows.

Condo owners invited to weigh in on proposed fees

The Condominium Authority of Ontario (CAO) is inviting condo owners to weigh in on proposed fees to support services it will begin to deliver this fall.

Brant Park pays back $100-mil to syndicate lenders

Lenders in a syndicate mortgage that funded Brant Park received their principal back in full, as well as an estimated annualized return of 8.12 per cent.

New member named to Waterfront Toronto Board

Jeanhy Shim was named as a member of the Waterfront Toronto Board of Directors for a three year period, effective June 7.

Feds scrutinize real estate deals for tax compliance

The federal government is stepping up its scrutiny of real estate deals in a crackdown on tax cheating, the Canada Revenue Agency (CRA) reported last Friday