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Sunday , 26 March 2017

Monthly Archives: March 2012

A bridge across Lake Ontario: that could work!

Rendering of proposed bridge across the Bering Strait from Alaska to Siberia.There hasn’t been a bridge there since the last ice age.  If they can build a bridge across the Bering Strait, why can’t we build one across Lake Ontario? All right, they haven’t built the Arctic bridge yet, but they’re talking about it. The bridge would be 80 kilometres long and built to withstand the extremes of temperature (-50C) and the violent breakup of ice each spring. The estimated price for a three-story bridge capable of carrying high-speed trains and oil pipelines would be—$105 billion. Compared to that, a bridge across the lake would be a piece of cake. ... Read More »

Real estate market stabilizing in GTA: BILD

Model suite at Tridel’s Parc Nuvo, nearing completion. Price updates for 2-bedroom suites are available. While talk of a real estate bubble and an inevitable correction continues in the media, the Building Industry and Land Development Association (BILD) takes a more measured view of the current real estate market in the GTA. Armed with the latest figures from RealNet Canada, BILD’s official source of market intelligence, BILD characterizes the present situation, which follows a record-breaking sales year in 2011, as an “easing back into stability.” There are two main components of the market: low rise and high rise. The former saw a big increase in sales last February: sales were ... Read More »

Bank regulator wants to tighten mortgage requirements

It appears that it is about to get harder to obtain a home mortgage in Canada. The Office of the Superintendent of Financial Institutions (OSFI) has released a draft document with new guidelines for banks to follow in their mortgage business. The guidelines are based on those of the Financial Stability Board, the G-20 mandated body that monitors and advises on the global financial system. It came into being in 2009 as the G-20 struggled to cope with the world financial crisis. OSFI’s mandate is primarily to protect the financial institutions, mainly by controlling and managing risk. The first principle in the new guidelines states that Federally Regulated Financial Institutions ... Read More »

Bank regulator wants to tighten mortgage requirements

It appears that it is about to get harder to obtain a home mortgage in Canada. The Office of the Superintendent of Financial Institutions (OSFI) has released a draft document with new guidelines for banks to follow in their mortgage business. The guidelines are based on those of the Financial Stability Board, the G-20 mandated body that monitors and advises on the global financial system. It came into being in 2009 as the G-20 struggled to cope with the world financial crisis. OSFI’s mandate is primarily to protect the financial institutions, mainly by controlling and managing risk. The first principle in the new guidelines states that Federally Regulated Financial Institutions ... Read More »

Real estate conference will make business case for greener building: April 4 in Toronto

Some of Canada’s top professional, retail and business leaders will be participating in a conference about the benefits of green building, from the business perspective, in Toronto on April 4. Intended for business people in the real estate, investment and building industries, the one-day event will present the business case for building green, with emphasis on practical, evidence-based strategies that have been tried and tested in the market place. The Green Real Estate conference, co-chaired by Roger Johnson, the Senior VP of Corporate Real Estate at TD Financial Group, and Doug Hitchens, Senior VP of Jones Lang LaSalle Real Estate, will cover major trends and opportunities in the market, focusing ... Read More »

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