Industry News
Toronto home sales climb 16.5 per cent in November
In November 2016, GTA realtors reported 8,547 home sales through the TREB’s MLS System, which is a 16.5 per cent increase compared to November 2015.
Fortress reports successful sales launch for The Wade
After its official launch on November 5, The Wade condominium development in Victoria, B.C. is already 40 per cent sold, reports developers Fortress Real Developments (Fortress) and Amadon Group.
TREB concerned over proposed changes to Land Transfer Tax
Proposed changes to Toronto’s Land Transfer Tax will increase costs for all home buyers in the city, especially first-time home buyers.
Enercare CFO named a WXN Top 100 Award winner
Evelyn Sutherland, Enercare Inc.’s chief financial officer, has been named a Women’s Executive Network (WXN) 2016 Canada’s Most Powerful Women: Top 100 Award winner. Sutherland
Associa’s MRCM to manage One Park Tower
Maple Ridge Community Management (MRCM) began managing Mississauga’s One Park Tower at the beginning of the month. The Associa company is providing administrative, communications, financial
Rebate for first-time home buyers in Ontario to rise
The Ontario government is proposing to raise the land transfer tax rebate available to eligible first-time home buyers to $4,000 starting in 2017. It’s a
New plans for mixed-use project Le Phare de Québec
Groupe Dallaire has unveiled new plans for Le Phare de Québec, a mixed-use development that will be built around a dynamic public square.
King Charlotte condominiums successfully registered by the City of Toronto
Fortress Real Developments and Lamb Development Corp. have announced the King Charlotte condominium development has been registered by the City of Toronto.
Toronto heritage building to be repurposed into mixed-use community hub
A heritage building on an historic downtown Toronto site will be preserved and re-purposed from an industrial facility into a mixed-use community hub.
Five per cent of new condo sales in the GTA made by foreign investors
According a survey from Urbanation Inc., five per cent of all GTA condo sales within projects currently in development are from foreign investors.
New condo sales in Toronto soar 73 per cent
There were a total of 6,677 new condo apartments sold across the GTA during Q3-2016, according to Urbanation Inc.’s recent market results.
GTA home sales continue to escalate: TREB
In October 2016, there were 9,768 home sales reported through the Toronto Real Estate Board (TREB)’s MLS System, an 11.5 per cent increase year-over-year.
Q3 condo sales in the GTA climbed 22 per cent: TREB
Greater Toronto Area condominium apartment sales in the third quarter of 2016 increased 22.1 per cent year-over-year to 8,014, according to the TREB.
Karl Lagerfeld-designed lobbies featured in new Toronto condo
Capital Developments and Freed Developments have unveiled “Lobbies for Lagerfeld,” two lobbies designed by Karl Lagerfeld, marking his first Canadian project.
MRCM president named Industry Leader of the Year
Maple Ridge Community Management president Michael Le Page has been named Industry Leader of the Year by the Association of Condominium Managers of Ontario.
CaGBC to launch Zero Carbon Building Standard
CaGBC unveiled new framework that outlines necessary components for zero carbon buildings, and says it will soon launch a Zero Carbon Building Standard.
CCI Toronto chapter names Sally Thompson president
he Canadian Condominium Institute (CCI)’s Toronto and Area chapter has appointed Sally Thompson as its new president, effective October 20th, 2016.


