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Thursday , 25 August 2016
  • New home inventories at record lows in July, prices hit new highs

    New home inventories at record lows in July, prices hit new highs

    July was an off month for the new low-rise home industry in the GTA. Sales were down by 32 per cent from one year ago and down 25 per cent compared to the ten-year average. Just 905 new ground-related homes sold in July. One year ago, according to the Building Industry and Land Development Association (BILD), the number was 1,340. Nevertheless, the year 2016 is shaping up to be a record year overall for home builders. So far this year, the number of new low-rise homes (12,356) sold is well above the ten-year average of 10,713. Total sales for 2016, to date, including low-rise homes and condominiums, are at 28,208, the highest in ten years. The inventory of new homes available from builders dropped significantly, hitting a ten-year low in July. Of the 17,213 new homes available for sale as of July 31, only 1,568 were low-rise, also a record ... Read More »
  • Two Canadian initiatives shortlisted for prestigious socially responsible design prize

    Two Canadian initiatives shortlisted for prestigious socially responsible design prize

    Two Canadian initiatives are among the six finalists announced for the 2016 Buckminster Fuller Institute Challenge, the world’s only socially responsible design prize for projects that employ a “whole-systems approach” to problem solving. It is open to architects, designers, activists, entrepreneurs, artists, planners, scientists and other “comprehensive design practitioners” who present integrated strategies for solving complex problems in a systems context. Problems addressed by this year’s finalists include deforestation, genocide, water, human remains, rainforests, and homes for marginalized populations. There is a cash prize of $100,000 for the winner. One of the Canadian entries is from a group called The Sentinel Project, a non-profit formed in 2008. Its mission is to prevent genocide, a crime which the organization says is both predictable and preventable. The group’s position is that information technology can be used as a powerful tool to stop genocides before they begin. Social media and mobile technology can ... Read More »

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