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Monthly Archives: June 2013

More images of Tridel’s new Aqualina waterside condos

New photos and details are coming out about the fabulous Aqualina at Bayside condominiums from Tridel. The project was announced a little over a week ago, just as everyone started thinking about sun and water and the delights of summertime. Large crowds of interested potential buyers turned out at the Tridel head office for the unveiling of the scale models. The building is designed by a Miami-based firm of architects, Arquitectonica, with offices around the world.  As with all Tridel properties, Aqualina will have exceptional amenities for the use of  its residents, including a state-of-the-art fitness centre, party rooms, billiards lounge, games room, theatre, private dining room, whirlpool spa and steam rooms. ... Read More »

First “noteworthy” increase in home sales in nine months: CREA

Canadian housing sales in May were close to where they were last July, marking the first “noteworthy” increase in nine months, the Canadian Real Estate Association (CREA) said today. On a month-over-month basis, sales were up 3.6 per cent in May compared to April, with new listings also rising. It was the largest monthly gain in two and a half years. On a year-over-year basis, sales were 2.6 per cent lower than in May 2012, with sales down in more than half of local markets. It was in July, 2012 when new mortgage-lending rules took effect in Canada, and an expected drop in home sales ensued. Sales dropped more or ... Read More »

Household debt, housing market still risks, but less so

Canada’s financial system, which most of us take for granted as being sound and stable and solid as the Rock of Gibraltar, is overseen by the Bank of Canada. So well did the Bank’s governor, Mark Carney, do his job of “promoting the economic and financial welfare of Canada” that the Brits decided they needed him, and he will now be doing that for Britain. The Bank of Canada just published its latest review of the financial system (called Financial System Review). The purpose of the review is to identify potential risks to the system, and highlight the Bank’s efforts at mitigating those risks. It is by definition a negative, ... Read More »

Higher development charges mean lower housing affordability: BILD

Homebuyers already pay enough to the government and asking them to pay even more is unfair. As it is, more than one-fifth of the cost of a new home goes to governments in the form of development charges and a host of other charges and taxes. With home affordability a “significant challenge” for homebuyers in the GTA, doing anything that would increase the burden would be unfair. That is the message of the Building Industry and Land Development Association (BILD), continuing its response to an increase in development charges proposed by Metrolinx to fund transit expansion. “Increasing development charges and other government fees is not the answer,” said Bryan Tuckey, ... Read More »

Interesting times for retail as e-commerce poised for rapid growth

Retail is risky business these days. More and more consumers are going online to do their shopping, and in some categories retailers are losing market share to the e-tailers. The numbers of online shoppers will only increase, but retailers must learn to make the experience more comfortable and secure to make sure they don’t miss the boat. Shoppers across the demographic spectrum are quickly learning to embrace the new reality. It’s only a matter of time before many bricks and mortar stores will be obsolete, and will disappear. according to some analysts. To add insult to injury, many retailers have to contend with the phenomenon of “showrooming.” This is what ... Read More »

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