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Friday , 24 February 2017
  • Gap widens between low-rise, high-rise home prices, availability

    Gap widens between low-rise, high-rise home prices, availability

    The gap between the average cost of newly built low-rise and high-rise homes in the GTA got wider again in January. A new single-detached home now costs twice as much as a stacked townhouse or condominium: $1,026,395 to $507,551. The single-detached price is up 25 per cent compared to a year ago; the condo price is higher by 13 per cent. Not only prices but numbers of sales are diverging. New low-rise home sales were down in January, with just 741 new homes sold, a drop of 29 per cent from a year ago. In Toronto, thirty-three new low-rise homes were sold in January. New condo sales went the other way, rising 11 per cent, according to data provided by Altus Group for the Building Industry and Land Development Association (BILD). Inventory of homes available for sale in both categories was also down, in the case of low-rise homes to ... Read More »
  • Tridel company shows environmental leadership with textile recycling program

    Tridel company shows environmental leadership with textile recycling program

    This may surprise you: the second most polluting industry in the world, after oil production, is—fashion. More specifically, textiles. According to the advocacy group Circle Economy, when you consider the heavy use of resources, including land, water, energy and chemicals, required to produce textile fibres, and the fact that so much of the final product is quickly discarded, after having been shipped vast distances on fossil-fuel-burning container ships, in the “fast-fashion model” of production and consumption, you have enormous amounts of textile waste and unsustainable resource depletion. Global textile production is already at about 90 million tonnes per year, the group says, the equivalent of 80 billion garments. And that is likely to double in the next twenty years. Twenty million tonnes of discarded textiles are landfilled or incinerated in the EU and the US alone each year. Incredibly, most of that—95 per cent according to Circle Economy—could be re-worn ... Read More »

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