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Saturday , 25 March 2017

Monthly Archives: February 2016

Geoffrey James named Toronto’s first Photo Laureate

Toronto will have its first “photo laureate” after all. Almost two years after Councillor Joe Mihevc proposed it to city council, the city has officially announced the appointment of Geoffrey James to the post. Mayor John Tory said in a statement that James was ideal for the job because of the quality and range of his work. For his part, James called Toronto a “wonderful subject. It’s a city in a constant state of transformation, an exhilarating social experiment, as well as a place that reveals itself slowly.” He said he would do his best to do it justice. What is a photo laureate, and what does he or she do? ... Read More »

Sellers in control in Toronto housing market and likely to remain so

In case you missed it from all the previous reports and studies, home ownership is “dangerously” unaffordable in Toronto and Vancouver for those who wish to buy a single detached home. In the rest of the country, according to RBC Chief Economist Craig Wright, there are “few signs” that housing affordability is problematic. In most markets affordability is either improving or stable. Even in Vancouver and Toronto, most of the problem—the “affordability-related stress”—is concentrated in that single-detached segment. Owning a condo, the RBC report points out, is still within reach for many households in those two markets. The current market conditions in Toronto and Vancouver are not likely to improve ... Read More »

Tridel honoured by industry for innovation in green building

Tridel has been given the home building industry’s newest award for sustainable building. At a gala presentation earlier this month, Tridel, Toronto’s oldest and largest condominium builder, accepted the inaugural award for Building Innovation–Mid and High Rise. The award recognizes technical excellence in energy-efficient and green building practices. The award, along with eleven others, was given by EnerQuality (EQ), a partnership between the Canadian Energy Efficiency Alliance and the Ontario Home Builders’ Association. The awards, which celebrate innovation in green building and residential construction, were given in conjunction with an EQ forum on innovation in the housing industry. This year’s day-long event included sessions on pending changes in the Ontario ... Read More »

Economic crime increasing, getting harder to prevent: PwC

Can you trust your employees? Apparently not, especially the males aged 31–40 years who have worked for you for three to five years and are now in middle/senior management positions. According to a new PwC survey of cyber crime in Canada, those smart young men with the great credentials and the promising futures are the most likely to rob you blind. How serious is the problem? More than one-third of Canadian organizations (37 per cent) reported economic crime in the last two years. Almost half of those (48 per cent) lost up to $100,000 to fraudsters and internal theft, and nearly as many (41 per cent) lost much more, up to ... Read More »

Real estate to contribute to growth in 2016, economists say

Real estate is a major driver in the economies of Canada and the United States. Housing market analysts polled by Reuters believe it will remain a bright spot in the economy for 2016, with interest rates expected to remain at historic lows. They forecast housing prices to gain 3.3 per cent over the year. They also forecast home building to remain robust for the year. CMHC has given itself plenty of margin for error, calling for new housing starts in a range of 153,000–203,000 units. As for the country’s two hot spots, BMO Capital Markets senior economist Sal Guatieri said that the risk of a correction in Toronto and Vancouver ... Read More »

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