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Saturday , 25 March 2017

Monthly Archives: October 2014

Boo! It’s time to change your CO and smoke alarm batteries

This is the weekend of the big scare and the big change. First we have Hallowe’en to get the kids’ hearts pounding (and their blood sugar surging). Then comes the end of daylight saving time, ushering in the big winter snooze. Suddenly it’s dark one hour earlier. Where did the time go? So it is at this cheery time of year that the city and Toronto Fire Services remind us to change the batteries in our now-mandatory smoke and carbon monoxide detectors. Since we’re all changing our clocks anyway, hunkering down for the short days and long dark nights to come, we might as well change the batteries too. They ... Read More »

Detroit developer buys 6,000 properties for $500 a piece

Two cities, two very different real estate markets. Detroit is the current poster city of rampant urban blight in North America. Toronto is the poster city for rampant growth and development. This week, Detroit auctioned a parcel of 6,000 foreclosed homes, a package that included 1,000 vacant lots, 1,000 houses in “disrepair” and 4,000 abandoned and burned out properties slated for demolition. To everyone’s surprise, someone paid $3.2 million for the whole lot of them. The city had offered the lot for sale more or less pro forma, not anticipating anyone would want the derelict homes. They would have become the property of the Detroit Land Bank Authority and been ... Read More »

Canadians not well prepared for emergencies: CIBC

Sometimes bad things happen quite unexpectedly. We usually call them emergencies, and they happen to everyone at one time or another. Whatever their nature, they usually have one thing in common: most often they require money to fix them. Almost half of Canadians experienced one last year and had to either borrow money or use their savings to cover the unplanned costs. The fact that most of the people (74 per cent) who were faced with an emergency didn’t have enough money on hand to deal with it is not especially surprising. When you’re paying a mortgage, supporting children, paying for a car, buying groceries, just starting out in a ... Read More »

Condo managers group to hold annual conference

The condominium industry in Ontario is “growing up,” as the aptly titled report from Canada’s Public Policy Forum puts it. After a lengthy review process that included province-wide public consultation, roundtable discussions, and review by panels of experts, a final set of recommendations was made to the government. A new draft of the Condominium Act is expected to be presented at this session of the legislature at Queen’s Park. Of the recommendations made, the one certain to have the greatest impact on every aspect of the condominium community, from owners to developers, will be the establishment of the Condo Office. Of particular interest is the recommendation that condo managers will ... Read More »

Realtor gets apology from RCMP after “nightmare” experience

A realtor from Ottawa who thought she was helping the RCMP in their crime fighting has now been given a public apology, five years after she was incorrectly implicated in wrongdoings pertaining to a secret commercial real estate transaction. The secret transaction in question was carried out on behalf of the RCMP. The realtor was selected by the Mounties because she was deemed to be trustworthy and the right person for the job. The commercial property the RCMP leased, using her services, was supposed to be used for an undercover operation of some kind. That was in 2009. Why are they apologizing now, five years later? It appears that the ... Read More »

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