page contents
Saturday , 25 March 2017

Monthly Archives: February 2015

The Bay announces $3.4 billion commercial real estate joint venture

What does a giant retailer with over three centuries of history behind it do when its real estate assets are worth more than the company itself? It separates its assets from its operations, of course. In the case of Canada’s iconic Hudson’s Bay Company (HBC), whose extensive real estate holdings are reportedly worth $9.2 billion, the retailer enters into  joint ventures with two of the biggest real estate investment trusts (REITs) in Canada and the US, creating two new companies worth $3.4 billion, in the process bringing in about $1.1 billion in cash to reduce debt. The announcement of this arrangement was delightful enough to investors to lift HBC’s share ... Read More »

GTA new house and condo sales will aid cancer charity

Two Toronto cancer survivors have more than a bout with the dreaded disease in common. Each of them, one a woman with grown children and a successful business to her credit, the other a man whose business is celebrating twenty years this year, have been brought together because of their concern for children. Their connection will result in a sizable donation to a charitable foundation that will benefit children and their mothers. After Audrey Guth was diagnosed with breast cancer in 2008, she often found herself in hospital waiting rooms with other mothers and their children, awaiting treatment. It was no place for children to be, she recalled, and she ... Read More »

Economic growth will come from women, but laws must change: IMF

It is fairly certain that more people heard Patricia Arquette call for wage equality as she collected her best supporting actress Oscar on Sunday night than have even heard of Christine Laguarde. Arquette was in a movie about a single mother struggling to raise her son on her own; Laguarde is the head of the International Monetary Fund (IMF). Two prominent women, two very different platforms, but the same basic message: gender equality. The IMF just released its latest “Discussion Note” on women’s participation in the labour market around the world. The discussion paper, under the title Fair Play, found that in countries where gender equality is recognized by law, ... Read More »

Good start to 2015 for GTA new home sales: BILD

The new home industry started off 2015 with healthy home sales in January, the Building Industry and Land Development Association (BILD) announced. Sales of new homes and condominiums in the GTA were just above the 10-year average in the first month of the year. This was consistent for both high-rise and low-rise sectors, which were tracked at 825 and 1,114 sales respectively. While new condo sales were above the ten-year average, they were down 25 per cent compared to one year ago. That year, however, was a record breaker for new condo sales, with sales reaching a ten-year high of 1,093. Prices for new condos remained relatively unchanged. BILD president ... Read More »

Designing for accessibility and convenience

Universal design, the notion that products and built spaces should be designed to be used by people in all stages of life and at all levels of ability, has been growing in importance over the past several decades. The cut-away or dropped curb on city streets is one of the most widely adopted applications of universal design. Originally meant to assist people in wheelchairs, the dropped curb is now used by everyone, and it is almost inconceivable that a sidewalk would be built without the feature. The World Health Organization defines “disability” in terms of a person’s functional status rather than as a diagnosis. A person’s disability is viewed as ... Read More »

Scroll To Top