CONDOBUSINESS

CondoBusinessSept2018

Message from our Editor:

CondoBusiness cuts through industry acronyms and jargon to provide educational content that is just as valuable to a volunteer board director confronting people, pet and parking issues for the first time as it is to a veteran property manager helping clients navigate changes to Ontario’s condo laws.

 MichelleMichelle Ervin, Editor - CondoBusiness

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Group Publisher: Sean Foley
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Devimco Immobilier has been selected by Club Sportif MAA, a health and fitness facility, to develop a mixed-use condominium project on Peel Street, just south of Sherbrooke Street in Montreal. Once complete, the 33-storey condominium will feature a revitalized Club Sportif MAA.

Great Gulf Breaks Ground on 8 Cumberland Friday, November 02, 2018

Great Gulf Breaks Ground on 8 Cumberland

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Great Gulf and its partners Phantom Developments Ltd., The Kadima Group and MM Realty Ventures Inc. recently broke ground on 8 Cumberland, a modern 51-storey high-rise condominium located at the north-west corner of Cumberland Avenue and Yonge Street in Toronto’s Yorkville neighbourhood.

While Canada’s housing market remains highly vulnerable, conditions of overvaluation are slowing overall, according to Canada Mortgage and Housing Corporation (CMHC)’s most recent Housing Market Assessment (HMA).

GTA New Home Market Rebounds in September Thursday, November 01, 2018

GTA New Home Market Rebounds in September

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The GTA new home market saw improvements in September compared to the previous month, both in terms of new project openings and new home sales, particularly sales of condominium apartments, reports the Building Industry and Land Development Association (BILD).

Changes to the Condominium Act, enacted in November, 2017, allow Ontario condominium corporations to conduct owner voting by electronic means. While this is new for Ontario, electronic voting has been used in Australia and in more than 20 U.S. states for some time.

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