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Wednesday , 22 February 2017

Monthly Archives: November 2016

Supreme Court’s dismissal of insurance company’s appeal hailed as a big win for homeowners

When a person buys insurance, he usually hopes he won’t need it. Humourist Stephen Leacock captured the ambivalence in the insured-insurer relationship when he said that he detested life insurance salesmen because they always argued that he would die one day, “which is not so.” In today’s world, insurance is an accepted part of life, and a pervasive one. In some cases, like auto insurance, we can’t function without it. But there is another type of insurance that, according to the Financial Services Commission of Ontario (FSCO) is not mandatory, though highly advisable. This is title insurance, which protects property owners and their lenders against losses related to the property’s title ... Read More »

GivingTuesday kicks off the holiday charity season today

Have you heard of GivingTuesday? If not, it is today, November 29, the day after Cyber Monday, which follows Black Friday. Unlike those two days, however, Giving Tuesday is about giving, not shopping. In fact, it is gaining traction around the world as the opening day of the “giving season,” a time when charities, companies and individuals rally for favourite causes. As Barack Obama put it, GivingTuesday is a grassroots movement that illustrates the impact we can have when we all pull together. According to the Quebec-based charity that brought GivingTuesday to Canada (it started in the US), the movement has really taken off in the three years since it ... Read More »

Construction industry needs workers, and the jobs pay well

More Canadians earn less than the average wage today than did so twenty years ago. The average wage is about $25 an hour, but the share of new jobs being created that pay less than that has been on the rise. Among Canadians in their prime working years, aged 25–54, more than half (53 per cent) earn less than that average wage, according to a new report from CIBC Capital Markets. Economist Benjamin Tal concludes that the quality of employment in Canada is on the decline, reflected in the “sluggish” growth of personal income. Most Canadian workers, a total of 6.3 million people, now fall within the wage range of ... Read More »

Designers, builders show their best stuff at Buildings Show this week in Toronto

If it’s late November in Toronto, it must be time for The Buildings Show, billed as North America’s largest networking and educational event for the design, construction and real estate industries. The show comprises six different shows, including Construct Canada, PM Expo, the Homebuilder and Renovator Expo, World of Concrete, the Real Estate Forum Toronto, and IIDEX Canada, the latter a co-presentation of Interior Designers of Canada and the Royal Architecture Institute of Canada (RAIC). The show includes 1,600 exhibitors, “world-class” keynote addresses by stars like Karim Rashid and Chris Downey (Architecture for the Blind), along with 500 speakers and 350 seminars. It runs from November 30 to December 2 ... Read More »

Toronto Real Estate Board to fight proposed new land transfer tax

The City of Toronto is talking taxes these days. One of the more contentious is the first ever road toll in Canada, proposed by the mayor. It would cost drivers two dollars each time they took the Don Valley Parkway or the Gardiner Expressway. Hotel tax, alcohol tax, and the return of the vehicle ownership tax abolished by Rob Ford are some of the other sources of revenue being considered. The one that has the Toronto Real Estate Board up in arms, however, is a proposed increase in the Toronto Land Transfer Tax. TREB has been calling for its outright abolition for years, so the prospect of an increase instead ... Read More »

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