Sign Up | Archives October 22, 2015
Nautique brings the lake to residents
The modern lines and glass façade of Nautique will be the latest addition to Burlington’s waterfront. The condo project, headed up by Adi Development Group, will offer residents views of the lake from most suites, along with a wealth of amenities on the property.
Public hearings dates for Condo Act reform bill
The standing committee on finance and economic affairs plans to hold public hearings on Bill 106, the Protecting Condominium Owners Act, on Oct. 22 and 29 in Toronto, according to an online notice posted on the Legislative Assembly of Ontario website.
GTA sees 22.6-per-cent increase in condo rentals
The Toronto Real Estate Board (TREB) reported 9,635 condominium apartment rental transactions through the MLS System in the third quarter of 2015, which is a 22.6-per-cent increase over the same period last year.
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Toronto to consider a test run of 'condo clinics'
Coun. Shelley Carroll, the local representative for Ward 33 Don Valley East in Toronto, is proposing that the city extend to condo residents the same program-based support available to apartment tenants.
Canadian home sales slowed in September
According to the Canadian Real Estate Association (CREA), the number of homes sold across the country through the MLS System fell 2.1 per cent from August to September, led by declines in Greater Vancouver, Calgary and the Greater Toronto Area (GTA).
GTA purpose-built construction hits 25-year high
According to Urbanation Inc.’s third quarter condo and purpose-built rental market report, the number of GTA condo units rented through the MLS system reached a new high of 8,398, an 18-per-cent increase year-over-year.
Calgary luxury storage condos to open in 2016
The VAULTS Development Corp has announced it plans to open its luxury storage condominium development, the VAULTS North Calgary, in October 2016.
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The great condo glut of 2015 that wasn't
Four years ago, the year 2015 loomed large for Toronto condo market observers. Serious discussions about the extraordinarily high new condo sales volumes being reported in 2011 occurred internally at Canada Mortgage and Housing Corporation (CMHC) and externally with the developer community.
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