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Saturday , 25 March 2017

Monthly Archives: October 2015

Women grads outnumber men in science programs, but gender gap persists in biotech industry

This is National Biotechnology Week in Canada. Toronto is a major centre of biotech, with more than 150 companies established here, including big names like GlaxoSmithKline, AstraZeneca and Amgen. The city of Toronto says that more than 11,000 principal researchers and technicians work at the University of Toronto and nearly fifty other research institutes and teaching hospitals. The bio-economy includes businesses that research, invent, develop and produce products that are based on living resources, with many different disciplines involved, including biochemistry, molecular biology, genetics, immunology, microbiology, pharmacology and agriculture. The possibilities for employment are literally limitless. In fact, more than half of Canada’s biotech companies report skills shortages, according to ... Read More »

When home prices rise faster than incomes, the result is overvaluation, and Toronto has it

Toronto’s housing market has turned solid red. Last August, when Canada Mortgage and Housing Corporation released its colour-coded assessment of the major real estate markets in Canada, Toronto showed a mix of green, yellow and red, for weak, moderate and strong risk factors. So did most other cities. In CMHC’s latest assessment, Toronto shows red in both the overvaluation and the overall assessment columns. What it means is that the troublesome four Os—overheating of demand, over-fast price growth, overvaluation, and overbuilding—are persisting in the Toronto market, as they are in many of  the other markets looked at. In Toronto, however, a couple of these factors have intensified to the point that ... Read More »

SCALA ravine condos from Tridel now selling

Tridel has announced that its fabulous new SCALA condos, set on the edge of a lush ravine near the East Don River near Bayview Avenue and Leslie Street, are now selling. The strikingly designed SCALA, surrounded by soothing green space, will rise in a series of terraces that create a distinctive stairway profile visible from all around. The lucky few who manage to get one of the fabulous terrace suites—they are selling fast—will enjoy a standard and style of condo living that’s rare, as well as unparalleled views over the ravine and river. While the tranquil location will no doubt give residents a most serene and restful place to come home to, this is no ... Read More »

World Bank says Canada a good place to start a business, but why so difficult to get electricity?

Canada is a good place to start a business, but it has slipped in the past five years. Of 189 countries ranked by the World Bank for their ease of doing business, Canada placed fourteenth for 2016. Five years ago Canada placed seventh, in the elite “top ten” group. While the country ranks high overall in most of the eleven categories, one of them makes us look distinctly third world. The World Bank analysis, Doing Business: Measuring Regulatory Quality and Efficiency, examines each country’s regulatory environment to determine how easy it is to start and run a business there. It uses eleven indicators, ranging from how many permits are needed ... Read More »

Ontario’s realtors oppose any new land transfer taxes

Mississauga wants it, Ottawa says it doesn’t. Realtors all over the province really don’t want it, neither do home buyers, and the Ontario government says it hasn’t made up its mind whether to give it to everyone or not. At the moment, only Toronto has it, and that bothers some of the other municipalities, the ones who want it for themselves. It is quite valuable, so it’s easy to understand why they want it. It is, of course, the municipal land transfer tax, the result of former Toronto mayor David Miller’s request that the province give Toronto greater powers to raise revenues. The MLTT came into effect in Toronto in ... Read More »

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