Condominium
CondoBusiness
Effective disaster management for condos
The massive floods that occurred in southern Alberta and the Greater Toronto Area in 2013 are just a few examples of the rising prevalence of natural
CondoBusiness
T.O. condo developer grows $1-bil land portfolio
A Richmond Hill real estate investment and development company, Fortress Real Developments Inc. (Fortress), has entered six agreements to develop high-profile sites with top Canadian developers. With these new projects on the horizon, Fortress grows its land portfolio value to over $1-billion.
Canadian Apartment Magazine
New site promotes smoke-free housing in N.S.
Finding access to smoke-free rental housing in Nova Scotia is now just a click away, thanks to the launch of a new website by Smoke-Free Nova Scotia (SFNS). The free website allows Nova Scotians to browse a searchable registry of smoke-free multi-unit rental housing developments and condominiums to find available housing in smoke-free buildings.
CondoBusiness
Minto earns 19 distinguished marketing awards
A Canadian real estate developer and construction company, Minto Communities (Minto), received 19 awards at the 35th Annual National Association of Home Builders 2015 National Sales and Marketing Awards. Minto was recognized for the marketing efforts and advertising campaigns carried out for several high-rise condominium developments.
CondoBusiness
GTA housing market faces structural challenges
A weak diversity of housing choice, marked by the steady stream of ever-shrinking condo units, is one of three structural challenges facing the GTA housing
CondoBusiness
Condos to represent one-third of Montreal sales
In 2015, one out of every three homes purchased in Montreal, Que. will be a condominium, according to a survey commissioned by the Québec Federation of Real Estate Boards (QFREB) and the Fonds immobilier de solidarité FTQ. The survey, which focused on buying and selling intentions, found that 65 per cent of those intending to buy already own a home while 36 per cent are first-timers.
CondoBusiness
Decade-old legislation fuels T.O. condo boom
A report released by RealNet Canada Inc. (RealNet) and the Building Industry and Land Development Association (BILD) found that, in 2014, ten years after the Ontario government introduced its Greenbelt legislation and began promoting urban intensification, condominium completions hit record highs. Market analysts agree this is no coincidence.
CondoBusiness
Condo prices grow across Canada: survey
In the fourth quarter of 2014, average home prices for most real estate markets across the country indicated healthy year-over-year gains, according to the latest Royal LePage (RLP) House Price Survey. The average price of a Canadian home increased between 4.5 per cent and 6.7 per cent from the same period in 2013. Condominiums saw a 4.5 per cent gain in pricing, reaching an average of $257,624.
CondoBusiness
Repairs and maintenance vs. substantial change
Directors have a statutory duty under Ontario’s current Condominium Act to repair and maintain the common elements of a condominium. In complying with this duty, directors
CondoBusiness
Luxury condo sales surge in 2014: Sotheby’s
When compared with data from 2013, sales of GTA homes over $1-million (luxury sales) grew by a staggering 38 per cent in 2014, says Sotheby's International Realty Canada (Sotheby’s). In an annual report, the real estate sales and marketing company found that, across several of Canada’s major real estate markets, luxury sales finished the year with positive year-over-year growth.
REMI Network
T.O. condo rentals on the rise: Urbanation
According to the latest rental market survey from Urbanation Inc. (Urbanation), Toronto’s condo rental market broke records in 2014. Condominium apartments rented through the MLS system exceeded the previous year’s record, growing 15 per cent year-over-year, to 22,765 units.
CondoBusiness
Builders’ use of Toronto streets back on agenda
A motion that contemplates curbing builders’ use of city streets during construction is in the hands of Toronto’s deputy city manager for “consideration and appropriate action”
CondoBusiness
Calgary condo sales set record in 2014: CREB
Despite a year-over-year decline in residential sales for the month of December, Calgary’s condominium apartment and townhouse sectors set records in 2014. A total of 4,742 condominium sales took place in the region in 2014, an 18 per cent increase from 2013.
CondoBusiness
T.O. condo completions break records: RealNet
Statistics gathered in September marked 2014 as a record-breaking year for condo completions in Toronto, according to an article from the Toronto Star by George Carras, President at RealNet Canada Inc. (RealNet). Completions in the first nine months of the year broke the previous year’s record of 16,668 units. Carras attributes this growth to intensification policies and growth plans introduced in Ontario in 2005.
CondoBusiness
Few condo owners are foreign investors: CMHC
The latest Rental Market Survey from the Canada Mortgage and Housing Corporation (CMHC) revealed that investor-owned Toronto condominiums represent 2.4 per cent of the region’s inventory. According to the CMHC, that number is the highest among major Canadian metros surveyed in the report. In Vancouver and Montreal, foreign ownership in condominiums totaled 2.3 per cent and 1.5 per cent, respectively.
CondoBusiness
Mattamy to purchase Toronto condo builder
New home builder Mattamy Homes (Mattamy) has agreed to purchase Monarch Corporation (Monarch), the Canadian division of US homebuilder Taylor Morrison Home Corporation. Monarch is involved in the development of condominiums in Toronto, Ont. Currently, the purchase price for Monarch is set at approximately $330-million.
CondoBusiness
Tree management tips for extreme weather
The past year has seen several storm events that have resulted in significant damage to trees in southern Ontario. The ice storm that hit the

