condo owners News and Articles | My Blog
Homeowners brace for mortgage payment shock amid higher-for-longer rate outlook
10/2/2023 | Posted in Home Owners by Paul DeAdder
With interest rates increasingly expected to stay higher for longer, many of the homeowners who locked in low rates years ago are likely bracing themselves for financial pain ... More
Five Things Every New Condo Buyer Should Know
1/3/2020 | Posted in Home Buyers by Paul DeAdder
Have you decided to purchase a new condo? Consider these things to ensure you understand your rights as a new home buyer.
... MoreGTA condo apartment sales up 3.2% in the second quarter
7/29/2019 | Posted in GTA Real Estate by Paul DeAdder
The market for condo apartments remained strong in the Greater Toronto Area in the second quarter.
... More1 in 10 new Toronto condos are owned by non-Canadian residents
4/16/2019 | Posted in Toronto Real Estate by Paul DeAdder
A staggering new analysis of foreign-owned residential properties in Canada reveals that at least 10 per cent of all condos built in Toronto between 2016 ... More
Canadian homeownership rates still among highest globally
3/6/2019 | Posted in Canadian Housing Market by Paul DeAdder
Homeownership rates in Canada remain among the highest in the world despite housing affordability concerns across the country, according to the Royal Bank of Canada (RBC).
... MoreStrong returns for condo investors in tight GTA market
7/13/2018 | Posted in GTA Real Estate by Paul DeAdder
Condo investors in the Greater Toronto Area are seeing strong gains in rents according to a new report.
... MoreHow not to get hammered by rising condo fees
5/17/2018 | Posted in Community by Paul DeAdder
Condos can be a problem-solver in today’s real estate market. But there’s also a sense of dread associated with condos, specifically with the monthly maintenance ... More
Province to lift electric vehicle roadblocks for condo owners
4/23/2018 | Posted in Ontario Real Estate by Paul DeAdder
Condo dwellers in Ontario will soon have an easier time charging their electric vehicles at home, part of a province-wide plan to reduce emissions and fight ... More
Foreign buyers a minuscule portion of housing market: CMHC
12/21/2017 | Posted in Foreign Buyers by Paul DeAdder
Foreign buyers make up a minuscule portion of the overall housing market in this country, new research shows, but what they own is more expensive and newer than the average ... More
Condo disputes can now be resolved online
11/8/2017 | Posted in Ontario Real Estate by Paul DeAdder
Ontario's new condo tribunal is accessible but will only mediate and adjudicate one kind of dispute to begin.
... MoreOntario begins rolling out new condo-board regulations
8/1/2017 | Posted in Ontario Real Estate by Paul DeAdder
Names of Ontario condominium directors will be listed in a public database under new regulations unveiled this month, as the province begins to implement a new law to protect ... More
GTA condo sales up more than 20 per cent
4/26/2017 | Posted in GTA Real Estate by Paul DeAdder
The sale of condos in the Greater Toronto Area continues to surge with a 21.7 per cent in the first three months of 2017 compared to the same period of 2016.
... MoreImpact of U.S. Fed rate hike - Warning
3/14/2017 | Posted in Mortgage Interest Rates by Paul DeAdder
Locking in a rate before mortgages become more expensive is the best choice at present, as recent developments have pointed at a possible U.S. Federal Reserve rate hike in ... More
Foreign ownership of Canadian condos down from 2015: CMHC
12/7/2016 | Posted in Real Estate News by Paul DeAdder
Foreign ownership of existing Canadian condominium units in Canada's three biggest cities has declined in 2016 compared with the previous two years, according to ... More
Tax implications of selling a home
12/2/2016 | Posted in Home Sellers by Paul DeAdder
For Canadians who are planning to release their homes to the highly competitive real estate market, they need to be aware of the tax implications of the recent regulatory ... More
Mississauga residents brace for tax bill
12/2/2016 | Posted in Community by Paul DeAdder
This week the City of Mississauga began its budget deliberations in council chambers. Staff presented a proposed tax increase of 5.9 per cent on the city’s portion (34 ... More
Toronto condo builders still can't keep pace with demand
11/25/2016 | Posted in Toronto Real Estate by Paul DeAdder
With Vancouver’s real estate market in retreat, industry pundits are wondering how long the Toronto market’s strength will perservere.
... MoreForeign buyers have limited power in GTA condo market as sales soar
10/28/2016 | Posted in GTA Real Estate by Paul DeAdder
Foreign buyers play a limited part in condo sales activity in the Greater Toronto Area but investors play a key role in the market according to a new report from ... More
GTA high-rise sales breaking records
10/21/2016 | Posted in GTA Real Estate by Paul DeAdder
Sales of high-rise homes in the GTA are set to break records in 2016 according to the Building Industry and Land Development Association (BILD).
... MoreHousing market correction or 'a whole lot of nothing'?
10/18/2016 | Posted in Toronto Real Estate by Paul DeAdder
As new mortgage rules come into effect that will limit the borrowing power of many buyers, there's uncertainty about the consequence this will have on Toronto's red-hot ... More
Where are the most expensive condominiums in downtown Toronto?
10/18/2016 | Posted in Toronto Real Estate by Paul DeAdder
According to the just-released results of a recent survey, major intersections play host to the costliest condominium units in downtown Toronto.
... MoreGTA on course for high-rise sales record
9/23/2016 | Posted in GTA Real Estate by Paul DeAdder
Sales of high-rise homes in the Greater Toronto Area are on course to hit a whole-year record in 2016 with year-to-date sales already the highest ever.
... MoreCondo supply slides to decade low
8/8/2016 | Posted in GTA Real Estate by Paul DeAdder
The supply of new condos in the Greater Toronto Area hit the lowest level since 2010 in the second quarter of 2016.
... MoreGTA condo sales overtake supply
7/4/2016 | Posted in GTA Real Estate by Paul DeAdder
Condominiums are becoming an increasingly important part of the GTA’s housing market mix as development in the region grows more intense. January to April 2016 saw 6,229 ... More
Price hikes forcing rent increases
4/15/2016 | Posted in Toronto Real Estate by Paul DeAdder
Investors in this market likely to enjoy even higher rents. Condo rents in Toronto have increased 6.8% year-over-year as vacancy rates fell to 0.5%, according to ... More
Toronto, Vancouver condo investment is long-term says report
4/6/2016 | Posted in Real Estate Investments by Paul DeAdder
Most investments in condos in Toronto and Vancouver are for long-term gains rather than making a quick buck. That’s according to a report from the CMHC which says ... More
New condo rules will help 1.3M Ontarians
12/15/2015 | Posted in Real Estate News by Paul DeAdder
Some 1.3 million Ontario condo dwellers will be better protected and have more rights under long-awaited new legislation.
... More