Sign Up | Archives February 11, 2016
Intensification impacts on millennial consumers
Millennials are on the cusp of becoming the largest group of home buyers and renters, and they are entering a wildly different real estate market than their parents did. The Consumers Council of Canada struck an expert panel that studied this changed terrain, culminating in a report released last month.
GTA new condo sales at highest level since 2011
In 2015, a total of 20,753 new condominium units were sold across the Greater Toronto Area, topping 2014 levels by 82 sales, according to a report by Urbanation Inc.
Q4 saw moderate increase in condo sales: TREB
According to the Toronto Real Estate Board (TREB), there were 5,595 condominium apartment sales reported through the MLS system during the fourth quarter of 2015, amounting to an increase of 12.6 per cent over the same period in 2014.
 
In the wake of a flood
On July 8, 2013, the GTA was hit was with a torrential rainstorm. Flood damage was deemed the province’s most expensive natural disaster by the Insurance Bureau of Canada, and the region saw record-setting rainfall in a very short period of time.
 
GTA new home sales above average in 2015
There was strong demand for new homes in the GTA last year, resulting in the third-highest annual sales in the past decade, according to the Building Industry and Land Development Association (BILD).
Housing starts trended lower in January: CMHC
According to Canada Mortgage and Housing Corporation (CMHC), January saw the trend measure of housing starts drop to 199,169 units, compared to 203,304 in December.
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GTA residential land transactions reach $4.2-bil
According to Altus Group’s recently released 2015 Real Estate Review of the GTA’s 2015 new home market, the housing market is resilient due to new record highs for both low and high density residential land sales, strong price increases (especially in low rise homes) and strong sales overall.
Empire appoints president of Low Rise Division
Empire Communities, one of Canada’s largest homebuilders of low-rise and high-rise communities in Southwestern Ontario and the GTA, has announced the appointment of Tony Pucci as president of the Low Rise Division.

Does the Charter of Rights apply in condos?
Many people, it seems, are keen to assert their apparent rights under the Canadian Charter of Rights and Freedoms in a broad array of disputes. The Charter may get invoked in situations ranging from an eBay purchase gone wrong to matters involving owners, directors and condominium corporations. This can sometimes become a free-for-all of legal misunderstandings and misinformation.
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