Sign Up | Archives December 17, 2015
Five winter safety tips for condo managers
December has been seasonably mild to date, so winter safety tips may not be top of mind for condo managers just yet. Prepared property managers have already begun proactively reducing the risks and impacts of this late, but soon-to-arrive winter weather.
Canada modifies mortgage insurance rules
On Dec. 11, Finance Minister Bill Morneau announced changes to the rules for government-backed mortgage insurance in order to contain risks in the housing market, reduce taxpayer exposure and support long-term stability.
CREA revises 2015 and 2016 home sales forecast
The Canadian Real Estate Association has revised its forecast for home sales activity through the MLS Systems for both 2015 and 2016.
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Ontario passes Smart Growth legislation
On Dec. 3, the Ontario government passed legislation that it says will give the province’s residents more say in how the land in their communities will be used and provide municipalities with more funding for community services such as transit and recycling.
Housing starts trend higher in November: CMHC
According to Canada Mortgage and Housing Corporation (CMHC), Canadian housing starts trended upward in November at 208,401 units, compared to 206,125 in October.
November home sales hit record number: TREB
According to the Toronto Real Estate Board, there were 7,385 home sales tracked through the MLS System in November 2015, a 14-per-cent increase over November 2014. This result is the best on record for the month of November.
New development slated for Laval-des-Rapides
Following several investments in construction projects totaling nearly $1 billion in Laval, the Fonds immobilier de solidarité FTQ has seen potential in the city’s residential, industrial and commercial sectors.

When visitor parking is a scarce resource
Many condos offer visitor parking as an amenity, but managing it can become a major headache for the board and management.
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