Price Of New Detached Homes In The Gta Approaching $2 Million
In May, the GTA’s new housing market showed few signs of slowing down, especially the condominium segment, the Building Industry and Land Development Association (BILD) announced Monday.
Tarion: Warranty Coverage Coming For Condo Conversion Projects
Chances are you have seen advertisements for condominiums that are being developed using an existing building, such as an empty office building, an old church, or even a de-commissioned factory.
Some Things To Know Before Buying A New Home Or Condo
A benefit of purchasing a new condominium is the mandatory warranty that is provided by your builder and backed by Tarion, the warranty's administrator. There's a separate warranty for your individual unit and another for the building's common elements.
Real Insight: The Benefits Of Owning Your Own Condo
People are looking at more creative ways to get into the market. Consumers are teaming up to buy a home with family and/or friends, families are looking to alternative housing options that are offered beyond the traditional detached property
Condo Market: Condos To Cottages
We had an unseasonably cool spring this year, something we haven’t seen for some time. The usual transition from rain to heat was ‘middled’ by some good old fashioned spring — the season of promise as it always has been. The market, however, hasn’t shown any signs of cooling.
Consumer Protection : What Would Fit The Label Condominium Emergency?
When you buy a brand new condominium unit, emergencies are rare. The materials are new, the systems are new and the condominium project has been inspected at key stages during the construction process. Nevertheless, emergencies can and sometimes do happen. When they do, Tarion is here to help.
Condo Market : Floorplan Reading 101
Purchasing a new condominium suite early in the selling cycle is a wise decision nowadays in the Greater Toronto Area. Chances are, by the time you move in, your new home will be worth more than you paid for it. It is also likely that you purchased from a floorplan rather than being able to…
New Provincial Plan Will Have Some Unintended Consequences
The estimate from many of our clients on the extent of nonresident buyers in today’s GTA market is less than 6 per cent. A similar tax in Vancouver immediately depressed sales volume by 40 per cent and prices by 10 per cent before stabilizing, but Toronto is a different market.
Consumer Protection: For Now, It Is Business As Usual At Tarion
You may have read the news reports: In late March, the Ontario government announced it intends to make substantial structural changes to Tarion by splitting it into two new Delegated Administrative Authorities (DAA). One will continue with Tarion’s current warranty provider mandate, and the other will continue with Tarion’s current building regulator mandate.
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