New condo rules will help 1.3M Ontarians

Some 1.3 million Ontario condo dwellers will be better protected and have more rights under long-awaited new legislation. Some 1.3 million Ontario condo dwellers will be better protected and have more rights under long-awaited new provincial legislation that has passed unanimously at Queen’s Park. In a province with 700,000 condominium units — and 10,000 different condo corporations for their residents — Government and Consumer … [Read more...]

Toronto home values up in January

Toronto home prices enjoyed upward momentum in January, rising 2.7% from the previous month and now 4.1% higher than a year earlier. The gains were highest in detached houses, but condos were also still higher in price than a year ago, according to the Toronto Real Estate Board’s January Market Watch report. Overall sales were also up 8.8% from a year ago. The average price of a detached home was $586,098 in January, up 8% from a year ago. … [Read more...]