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Wednesday , 29 March 2017

Monthly Archives: February 2016

Retirement less challenging, more affordable than many fear: report

The notion of retirement in Canada has changed, thanks largely to baby boomers, who refuse to do anything the way previous generations did. You won’t see retired baby boomers sitting in rocking chairs on the verandah, knitting or whittling a block of wood into a pipe (to smoke medicinal marijuana). Not unless they’re taking a course in knitting or whittling, having built the rocking chair themselves, and the verandah is in Tuscany. The idea that baby boomers would transform retirement is now confirmed by research carried out by Sun Life Financial. As the report, Retirement Now, puts it, “unretirement” is the new normal. A lot of boomers continue working well ... Read More »

Canada’s housing market activity varies widely in January

January was a very good month for real estate sales in Canada’s two main housing markets, Toronto and Vancouver, but not so good in the rest of the country, new numbers from the Canadian Real Estate Association (CREA) show. Sales were up sharply in the two big markets, despite the constraint of limited supply. Sales declined in a number of cities, however, including Calgary and Edmonton, pulling the national increase in sales down to just 0.5 per cent. That was still the highest level of activity nationally since late 2009, according to CREA. The problem of supply remains acute, especially in Toronto and Vancouver. The number of newly listed homes ... Read More »

Will new down payment requirements slow Toronto’s housing market?

Now that the new home down payment requirements are in place, the big unknown is how much impact they will have on home buyers, especially first-timers. Most observers agree that the graduated increase, which raises the down payment on a home costing between $500,000 and $999,999 from 5 per cent to an effective maximum rate of 7.5 per cent, will have little impact outside of Toronto and Vancouver. Those most likely to be affected are first-time buyers in those two markets. The average price of a home in Toronto as of January, 2016, was $636,728, an increase of 9.2 per cent over the previous year, according to Toronto Real Estate ... Read More »

Critics say hurry up with the high-speed Internet access

The city of Montreal has been shortlisted for Intelligent Community of the Year by the Intelligent Community Forum (ICF). Toronto had the honour in 2014 when it beat out over 400 cities around the world. Last year Toronto hosted the ICF annual Summit. It would seem that Canada’s biggest cities are doing pretty well in delivering the benefits that define intelligent communities. Those benefits can be summarized in the words “broadband economy.” The broadband economy, as defined by the ICF, offers every community the opportunity “to move from the periphery to the centre” in economic terms. Even smaller companies can become global in reach, while schools and hospitals in the ... Read More »

Google patents self-driving delivery truck

Driving delivery trucks, especially armoured vehicles for cash transfers, is a fairly dangerous job. Bandits have been waylaying hapless couriers for their cash cargo for as long as humanity has used money. Drivers carrying other types of deliveries are not immune. A lot of pizza and other food delivery companies won’t venture into high-crime neighbourhoods, especially after dark. Too many pizza delivery guys and gals have been lured to abandoned houses by fake orders and ambushed. But those days could be over. The words “crime” and “robbery” do not appear in the patent application for an autonomous delivery platform submitted by Google Inc. to the US Patent and Trademark Office. ... Read More »

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