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Wednesday , 29 March 2017

Monthly Archives: May 2012

Does owning a cottage make financial sense for you?

Idyllic, but a good investment? Banker has advice for would-be cottage buyers. With Victoria Day behind us, cottage season has officially begun. Cottaging is arguably the favourite summer pastime of many Canadians, so it’s no surprise that at some point many Canadians consider purchasing a cottage of their own. And while many think of their cottage as a solid real estate investment, purchasing a cottage without doing all your homework can lead to serious headaches. Before rushing to buy, Richard Harrison, the cottage finance expert at Meridian, Ontario’s largest credit union, suggests there are five key questions to ask yourself before diving in to cottage ownership. How much use will ... Read More »

Money can’t buy good taste

The most expensive home in the world, this ostentatious pile was built by Perkins and Will, the famous American architects for their Mumbai client, multi-billionaire Mukesh Ambani. It’s reported to have cost over $1 billion. Have you heard the one about the rich Indian guy who built a billion-dollar house for himself and his wife and three children, then wouldn’t live in it because of bad energy? The house (called Antilia) is in Mumbai. It’s twenty-seven storeys tall, 400,000 square feet, and now holds the record for the world’s most expensive home. The builder, Mukesh Ambani, is India’s richest man, worth more than $22 billion. From the photos we’ve seen, ... Read More »

Doors Open Toronto this weekend remembers the War of 1812

Harris Water Filtration Plant in its SCTV guise as Melonville Maximum Security Prison. The art deco building is a regular on the Doors Open Toronto circuit, on this weekend.  Has it really been two hundred years already? It seems like yesterday those damn Yankees were sacking and burning York, the name of our town before it became  Toronto, leading the Brits to retaliate by burning Washington. But all is forgiven, if not forgotten, and we can laugh about the whole thing now. After all, the War of 1812 could have turned out quite differently. Imagine, if the Americans had won. Why, we could be speaking—English! For history/architecture buffs, there’s a ... Read More »

Read the label carefully when buying sunscreen, especially critical wavelength number

New regulations from the US FDA will make sunscreen product labels more accurate: watch for the all important critical wavelength value, which must be 320nm or more to qualify as “broad spectrum” protection. Lots of sun in the forecast for this long weekend, and the weather people are saying Canada’s summer will be hotter than average right across the country. That means plenty of opportunity for sunbathing. And while it probably does no good at all to remind people, as the Canadian Cancer Society frequently does, that getting a suntan is bad for you, we hereby remind you anyway: suntanning is very bad for you. It causes your skin to ... Read More »

Bill amendment would allow electronic real estate deals in Ontario

Banking and insurance industries already use e-commerce technology. Electronic real estate transactions would be protected by law under proposed amendment to Ontario’s Electronic Commerce Act. Ontario enacted legislation in 2000 under which documents required for some legal purposes could be submitted in electronic format, so long as the electronic document—a PDF, say, sent by email, or a Word doc.—could be retained by the person who needed it and accessed in the future if necessary. Even if the said document has to be signed to be legally binding, an electronic signature is acceptable, subject to its reliability. No problem, in today’s wired world. But the legislation, known as the Electronic Commerce ... Read More »

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