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Canada’s consul general in New York, Tom Clark, will not attend a parliamentary committee meeting probing the decision to buy a $9-million condo in Manhattan, Global Affairs Canada says. “Consul General Clark is unavailable on the date initially proposed,” GAC said in a statement, referring to a Government Operations and …
Read More »Tenant doesn’t pay $41,000 in rent for Toronto condo but owner can’t evict her yet
Narinder Singh of Brampton, Ont., says he and his wife bought their condo apartment in Etobicoke as an investment for retirement. “We worked for decades to save, penny by penny, for our old age,” said Singh, who runs a drycleaning business inside a Brampton supermarket. But since 2020, Singh says …
Read More »Vast majority of Toronto-area new condo investors losing money every month: report
By Staff The Canadian Press Posted July 25, 2024 1:46 pm 1 min read Descrease article font size Increase article font size A new report says Canada’s largest condo market is facing its biggest test in decades as the number of investors losing money every month, and the amount they’re …
Read More »‘Economic mismatch’: A shortage of Ontario condo managers is driving up fees
As the Ford government pins its hopes of solving Ontario’s housing crisis by building 1.5 million new homes by 2031, a chronic shortage of qualified people to run new condo buildings threatens to drive up costs for homeowners even as new units finally come online. Changes to how condo managers …
Read More »Suspended ArriveCan IT consultant selling second Ottawa office condo
An Ottawa-based technology company suspended from working for the federal government after becoming embroiled in the ArriveCan app contract spending controversy is unloading a second office condominium it owns near Parliament Hill. Global News has learned that the second property put up for sale by Coradix Technology Consulting Ltd. at …
Read More »Ontario woman ‘yelling and crying for help’ during violent dog attack at condo
Chris Bonnett fears she may need company the next time she takes on the menial task of taking out her garbage following a vicious dog attack. The Norfolk County resident was dispatching her refuse outside a common area at her condo when she was attacked and bitten several times by …
Read More »Toronto-area new condo sales remain near 20-year low: new report
Rising interest rates and market uncertainty continued to impact the sale of new condos in the Toronto region over the summer months, according to a new report. The number of condos sold through the period failed to reach the 3,000 mark, although the market showed some signs of improving, the …
Read More »“The One” condo tower downtown placed into receivership – Toronto
A much-anticipated mixed-use tower set to scrape the sky over Yonge and Bloor has been placed into receivership. The development known as “The One” began construction in 2017, promising 85 stories of residential and commercial space, including a Hyatt hotel and a flagship Apple store. The slow pace of construction …
Read More »Drone hovering outside midtown Toronto condo raises privacy concerns – Toronto
After Lisa Graston spotted a drone hovering outside the window of her midtown Toronto high-rise condominium for the third time, she alerted neighbours. “It’s really unnerving and it really does sort of shatter any sense of privacy,” she said. Graston managed to snap a photo of the white drone with …
Read More »GTA new condo sales see slowest first half of year since 2013: Urbanation – Toronto
By Staff The Canadian Press Posted August 1, 2023 11:28 am Descrease article font size Increase article font size Urbanation Inc. says Greater Toronto Area new condo sales experienced their slowest first half of the year since 2013. The real estate analysis company says the first six months of this …
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