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Sunday , 26 March 2017

Monthly Archives: December 2016

Housing starts down, building permits up, and affordability remains the big issue

The number of new homes under construction in the Toronto area dropped by 36 per cent in November, Canada Mortgage and Housing Corporation reports. The decline is the result of fewer condominiums being built, though the number of single-detached homes increased. Most of the condominium construction was in the City of Toronto, while Milton and Brampton had the highest number of low-rise starts. The picture was similar throughout Ontario, where housing starts were down 31 per cent compared to October. Across Canada, the decline was less steep, with housing starts down 4 per cent compared to October. At least one economist, RBC’s Josh Nye, has linked the decline to new ... Read More »

Anti-competition hearings wrap as TREB continues fight to keep sold info private

The Toronto Real Estate Board made its case one more time before the Competition Tribunal this morning in its final attempt to have a previous ruling overturned. The previous ruling said that TREB was indeed acting anti-competitively by refusing to allow selling price data to be made available to anyone on the internet. TREB has argued all along, in a case that goes back five years, that they are only interested in protecting the privacy of their clients. Lawyer William Sasso, as reported in REM online, told the tribunal that the question was whether a homeowner would want someone to be able to find out what he had sold his ... Read More »

Electronic devices linked to social, mental health problems: CAMH

Perhaps Donald Trump just can’t help himself when he takes to Twitter to share his opinions at all hours of the day and night, though he has said publicly that social media helped him win the presidency. New research from Toronto’s Centre for Addiction and Mental Health (CAMH) reveals that a surprisingly high number of Ontario adults—19 per cent in the age range 18–29—exhibit symptoms of “problematic use of electronic devices.” All age groups are affected, with about 7 per cent of all adults, approximately 716,000 people, reporting a problem. The average adult spends about fifteen hours a week on email, social media, and games, over and above what they ... Read More »

World’s mayors called on to stop climate change with urgent action by 2020

There has been a lot of hand-wringing among the environmentally aware since Donald Trump promised to withdraw from the Paris climate change agreement. Fortunately, if former New York City mayor Michael Bloomberg is right (he’s the billionaire who called Trump a “con” at the democratic convention in July), it won’t matter that much if Trump makes good on his promise. The reality is, says Bloomberg, it’s the cities of the world and their mayors that hold the solutions to the climate change problems we face, and mayors “have never waited for Washington to act here in the US, and have never waited for international treaties to protect their citizens and ... Read More »

Suites at Tridel’s Selene now selling, offering affordable luxury for Toronto homebuyers

With all the talk of rising home prices in Toronto and the difficulty some first-time buyers are having qualifying for mortgages these days, Tridel, Canada’s pre-eminent and most trusted condominium developer offers a beautiful solution: “affordable luxury” at its latest offering, Selene at Metrogate. Suites at the final instalment of the master-planned community at Kennedy Road and the 401 are now selling. They are likely to sell fast, if past sales at Metrogate are any indication. Those prices really do present an affordable option, beginning at just $283,500 for a one-bedroom suite plus den (1A + D). Tridel is currently offering a full range of suite sizes, from the 1A ... Read More »

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