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| 24 Sussex Drive |
Sales of Toronto new condos are down 18 per cent in the second quarter over last year. Does anybody still want those glass balconied boxes high above the Gardiner Expressway? Gee whiz. Second, because the federal government seems to think that the housing market (that’s the one with a front lawn) is recovering pretty smartly. CMHC, the Crown corporation that insures mortgages will limit banks to $350 million of “new guarantees” under the National Housing Act mortgage program. Let’s see how much that worries the market. We’re thinking South Bayview mud is still looking pretty pricey. And lastly, the Ottawa media snoops are just scandalized that the prime minister doesn’t want to move his family out of 24 Sussex Drive so the old home can get an energy fix. The place has 34 rooms and is 150 years old. It is said to be a mite drafty in the winter. The media is so thoughtful. Gary Marr in the Financial Post notes the Harpers could live in the government home at Harrington Lake. Of course Harrington is at least half an hour by car from Ottawa while 24 Sussex is two minutes from the House of Commons. Hey listen, make them pitch a tent by the tulip beds on Parliament Hill.
