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Saturday , 25 March 2017

Monthly Archives: December 2015

Safer than you think, but not as healthy: Toronto ranked #1 city in the world

Mention the word safety to the average person in Toronto these days, and he or she is most likely to think about personal safety. Having seen two random, stupid killings on the streets this month alone, people naturally are nervous. But there’s a lot more to it than one’s personal safety as one walks down the street. You could be the victim of a cyber crime—in fact, you’re much more likely to have your bank account hacked or your identity stolen than you are to be mugged on the street. Or you could need hospital care in an emergency and find that there’s no bed for you, or no doctor, ... Read More »

Could Canada learn from US index for measuring housing market health?

As the US housing market slowly recovered from the great housing recession that hit it in 2007, one of the two government-backed corporations that supports the residential mortgage market, known as Freddie Mac, devised a new way to measure how the housing market is performing. The people at Freddie Mac wanted to know whether the housing market had recovered, was recovering, or was even overheating into a new bubble. They found that there was no reliable way to measure this, as all available metrics relied on a definition of “normal” that they rejected. Instead, said Freddie Mac chief economist Frank Nothaft in March, 2014, “we used current and historic data ... Read More »

Don’t fret about debt: make a repayment plan and stick to it

Not to make light of it, but this is the sixth year in a row, according to a CIBC poll, in which Canadians have named debt repayment as their number one priority for the coming year. Does this mean that the average Canadian household debt has been going down for the past six years? Think again. It has been going up. We resolve to pay off our debt, but it just keeps growing. So what gives? The short answer is interest rates. It’s so cheap to borrow money now that we almost can’t afford not to do it. At the same time, wage growth has been flat. As CIBC economist ... Read More »

Condo lawyer with a past arrested for murder

Reading the minutes of a condo board meeting would probably qualify as one of the more boring activities most people could imagine, a great aid for insomnia. This isn’t necessarily a bad thing: interesting or exciting meetings usually signal trouble of some kind. Better dull and predictable than stormy and surprising. Once in a while, though, in the usually staid world of condo law and homeowners association business, a person comes along who stands out, a character who makes people talk. One of these is definitely a certain Dr. Donnie Rudd of Chicago. In the first place, he has some very impressive credentials. He is a polymath—he has degrees in chemical ... Read More »

Forget resolutions: express intentions instead, mall owner recommends

Look at any list of Top Ten New Year’s Resolutions for any given year and you can’t help but notice that they’re all pretty much the same. Lose weight. Get fit. Eat healthy. Quit smoking. Spend more time with the family. Learn to play a musical instrument. Learn a language. Drink less. Travel more. Any given list of ten, like the original list, the Ten Commandments, seems to cover every area of human weakness. You have to wonder why we bother asking people about their New Year’s Resolutions when we already know what they’re going to say. A major Canadian shopping centre owner, Cadillac Fairview, is the latest to venture ... Read More »

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