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In 2020, in Toronto, 21% of all housing, and 56% of condos were investor owned. In Vancouver, nearly 48% of condos, and 33% of all housing was owned by investors. [81] Across Canada, 1 in 5 homes were investment properties. Investors were found to be increasingly crowding out prospective first-time buyers in a 2024 analysis. [82]
There are over 1.3 million condo owners and/or residents living in more than 587,000 condominium units in Ontario. One-half of new construction in 2013 was condominium-related. [8] In recent years, the condominium industry has been booming in Canada, with dozens of new towers being erected each year.
Minto Communities Canada is a home builder in Ottawa, Toronto, and Calgary. It has built 60,000 homes over its history. It builds both low-rise and high-rise housing, and in recent years has been building more luxury rental projects. [11] In 2015, Minto was the largest home builder in Ottawa, with 913 homes built, and 24 percent of the market. [12]
Condominium is an invented Latin word formed by adding the prefix con-'together' to the word dominium 'dominion, ownership'. Its meaning is, therefore, 'joint dominion' or 'co-ownership'. [4] Condominia (the Latin plural of condominium) originally referred to territories over which two or more sovereign powers shared joint sovereignty. This ...
Arriva Tower 1 under construction in July 2007. Groundbreaking took place on April 26, 2005, [3] and the first phase tower has begun occupancy as of November 30, 2007. The base of the buildings contains commercial space, including two restaurants, a dental office (Pinnacle Dental), a medical clinic, and spa, while the surrounding area will consist of public parks, shops and recreation spaces.
"Bachelor Pad Condo to Family-Friendly Home" "Bachelor Pad Condo to Family-Friendly Home" Erin and Adam: August 8, 2016 () October 26, 2016: 117: 116 "Ready for Home Sweet Home" "Ready for Home Sweet Home" Jaeme and Bliss: August 15, 2016 () October 19, 2016: 118: 118 "Spending, Add-Ons and a Property That Fits the Bill"
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