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Sunday , 26 March 2017

Monthly Archives: October 2013

Housing market has more than recovered: TREB

The strong sales in Toronto’s housing market that began last August have continued through the first half of October. The Toronto Real Estate Board’s mid-month report on home sales shows an increase of 21 per cent compared to the same period last year. There were 3,460 sales during the first fourteen days of October, compared to 2,849 last year. As well, the mid-month sales volume was also up 13 per cent over the ten-year average, says TREB, a sign that the market has “more than recovered” from the “temporary dip” that began in the summer of 2012. The average selling price was up 7.1 per cent year over year, now ... Read More »

Upscale marketplace for pre-owned designer home furnishings

There are plenty of places, both of the virtual and the bricks-and-mortar variety, where you can buy “used” furniture (the term “pre-owned” is preferred in the business), whether you’re a student looking to furnish your first apartment or a “design obsessed” person who loves great furniture and objets. You can browse the shops and the antique stores in your area, or you can go to eBay or Kijiji, though some may feel a little squeamish about dealing on the latter, given all the bad press they get. Wouldn’t it be great if there were a more respectable, higher-toned site to shop for cast-offs? That would be Chairish, the child of ... Read More »

Radon awareness week in the US reminds that it is here too

Hardly anyone knows much about radon, though that may be about to change, at least in the United States. Next week is Radon Awareness Week in the US and the Environmental Protection Agency wants people to understand that it’s a serious health issue. According to the EPA, radon is the leading cause of lung cancer among non-smokers, linked to upwards of 21,000 deaths each year. Along with the EPA, the American Lung Association and the Centres for Disease Control are encouraging people to have their homes tested for radon during the national awareness week drive. Here in Canada, the Ontario Lung Association has similar statistics: after smoking, radon is the ... Read More »

Austrians win Solar Decathlon, Ontario team best in engineering

Teams from Ontario and Alberta made very respectable showings at the Solar Decathlon in California last week, but the overall winner was Team Austria. The Austrians succeeded in designing, building and operating the most cost-effective, energy-efficient and attractive solar-powered house in this year’s competition, which attracted nineteen entries from around the world. The Austrian team consisted of students from the Vienna University of Technology. According to reports from the competition, which is a program of the US Department of Energy, the Austrians “wowed” the juries in the judged contests, though it won first place only in the Communications contest. The Communications contest jury looks at how the team presents its ... Read More »

Canadian Tire REIT raises $265 million in IPO

Canadian Tire has become the latest big-name Canadian retailer to enter the REIT market, raising $263.5 million from an initial public offering. According to reports, Canadian Tire sold 26.35 million trust units at $10 a piece. The yield from CT REIT is reported to be 6.5 per cent, with a capitalization of $1.8 billion. The REIT is based on almost three-quarters of the company’s real estate holdings. The IPO will close later this month, and the Canadian Tire REIT will acquire 256 commercial properties with a combined area of 19 million square feet. Other retailers getting into REITs include Loblaws, which raised more than $460 million in June. The Loblaw ... Read More »

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