CMHC – Toronto Housing Marking is “Problematic”

The CMHC publishes quarterly reports on the Canadian housing market, in which they evaluate the extent to which there are “problematic housing market conditions” in Canada’s 15 major urban centres. Click here to view their latest report. For CMHC, the term ‘problematic’ encompasses four factors related to the dynamics of the market: Overheating – that… Read More

Getting Value Out Of Condominium Amenities

With dozens of condominium buildings competing for buyers in Canadian cities, building amenities have become an important part of developers’ marketing plans. In the first condominium buildings, amenities were pretty much limited to indoor pools and a generic “party room”. Now buyers are looking for fitness centres and entertainment lounges. Developers are marketing lifestyles, not… Read More

Canadian Cottage Owners Need A Succession Plan

Ah, the great Canadian cottage dream….lazy days in the summer relaxing by the lake….watching the kids swimming or learning how to water ski. Or enjoy your own ski chalet, hosting happy family dinner gatherings after a day on the slopes. Canadians love their recreational properties and demand for cottages and ski chalets keeps pushing up… Read More

Toronto Market Back in the Fast Lane

After a somewhat sleepy (though completely normal) summer, the fall market exploded in September. Prices were up by over 9% as compared with last September, continuing the 10%+/- year-over-year price increase that we have seen virtually every month this year. Volume was also up versus last year, with a record (for September) 8200 sales reported…. Read More