Canada's Condominium Magazine

Monthly Archives: October 2016

Urgent action needed to address Ontario’s growing skills gap: report

Urgent action needed to address Ontario’s growing skills gap: report

Something is very wrong with the way Ontario’s education system prepares students for entering the workforce. Ontario turns out more graduates with post-secondary education than any country in the OECD, yet many of them earn less than the national median income and are ill-prepared for the jobs they are hired to do. The province has,… Continue Reading

Economic benefits will flow from closing gender wage gap, putting more women in leadership: report

Economic benefits will flow from closing gender wage gap, putting more women in leadership: report

Gender equality in the workplace is a complex, difficult issue, even when that workplace is the relatively pro-women Parliament of Canada. A year ago, the new Trudeau government introduced a cabinet in which half the ministers were female, despite women accounting for just 26 per cent of seats in the House. The prime minister famously… Continue Reading

Despite gender gap, obstacles, women are better with money: study

Despite gender gap, obstacles, women are better with money: study

Here are some new statistics that highlight the severity of the gender gap in the housing market (US), while at the same time demonstrating that women are better money managers than men. Despite facing several very daunting financial challenges, including lower incomes, less purchasing power, higher rates of interest on loans, and the necessity of… Continue Reading

Toronto a tech powerhouse hampered by too-slow immigration and unaffordable housing

Toronto a tech powerhouse hampered by too-slow immigration and unaffordable housing

It is the kind of announcement that makes politicians and civic leaders deliriously happy. A major international company plans to set up operations in a certain city, bringing hundreds of high-skill, high-paying jobs to the local economy. In the latest case, the company is Thomson Reuters, which recently revealed its plans to establish a new… Continue Reading

Mortgage brokers want exemptions, changes to new eligibility rules

Mortgage brokers want exemptions, changes to new eligibility rules

Canada’s mortgage brokers are hopeful that the minister of finance, Bill Moreau, will take heed of their concerns and recommendations regarding the new mortgage eligibility rules that went into effect today. The Canadian Mortgage Brokers Association (CMBA) issued a statement earlier this month expressing its concern that the new rules would disqualify many preapproved mortgage… Continue Reading

Single-serve coffee pods, plastic water bottles among worst environmental offenders

Single-serve coffee pods, plastic water bottles among worst environmental offenders

Ontario is losing the battle to keep consumer waste out of landfill. Nine million tonnes of waste go to landfill every year, by the government’s own estimates. Only 28 per cent of Ontarians’ waste is diverted, well below the target of 60 per cent. The average Ontario family creates enough waste to fill “100 large… Continue Reading

White House weighs in on housing shortage, urges removal of local barriers to development

White House weighs in on housing shortage, urges removal of local barriers to development

The latest housing market report from the Canadian Real Estate Association noted that the inventory of homes for resale in Toronto and the GTA is at an unprecedented low level. All existing homes for resale would be bought in less than a month at current rates of sales activity in the city, the report claims.… Continue Reading

CREA warns of cascade effect as first-time buyers may be priced out of housing market

CREA warns of cascade effect as first-time buyers may be priced out of housing market

How short is the supply of resale housing in the GTA? At current rates of sales activity, all available housing inventory would be “liquidated” in less than a month. The Canadian Real Estate Association says that this “tight balance” between housing supply and demand in the Toronto area is “without precedent.” In the wider Greater… Continue Reading

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