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Saturday , 25 March 2017

Monthly Archives: February 2017

New advice for homebuyers from CMHC in revised step-by-step guide

For anyone planning to enter today’s real estate market, any sound advice on how to proceed and what to expect should be helpful. There’s a lot to learn, and for those who have never bought a home before, it can be a little confusing, not to say intimidating. According to the Real Estate Council of Ontario, one-third of Ontarians lack confidence in their understanding of the buying and selling process. Which is why it’s welcome news that the country’s authority on housing, Canada Mortgage and Housing Corporation, has updated its guide for homebuyers, saying it seeks to “demystify” the process of buying a home in Canada. The Homebuying Step by ... Read More »

Disruption of P&C insurance industry good news for consumers

Need home or auto insurance? This could be a good year for you to get it. A report from Ernst & Young says that 2017 will be a disruptive year for Canada’s property and casualty insurance industry, and that could mean good things for consumers. New technologies and evolving customer demands will drive innovation and change in the way insurers serve their customers with new products and services while cutting their costs and improving efficiencies through the use of robotics and advanced analytics, the EY report concludes. New digital players will pose a direct and growing threat to old-school insurers, and insurers will have to develop “millennial-minded” strategies that offer ... Read More »

Record $2 billion spent on film, TV productions shot in Toronto in 2016

Toronto’s film and television industry is booming, according to the city. A statement released today says that domestic and foreign production investments in Toronto exceeded $2 billion for the first time in 2016. About $800 million of that came from Hollywood. It was the third consecutive record-setting year for the industry. Mayor Tory called it “epic growth,” and a long-term, sustainable success story, provided the city continues to invest in production facilities. The Hollywood Reporter says that Hollywood movies like Downsizing, starring Matt Damon, and XXX: The Return of Xander Cage, starring Vin Diesel, as well as TV series like CBS’s Star Trek Discovery, Syfy’s Dark Matter, and Killjoys, and ... Read More »

Plastic pollution of the oceans must stop now: UN

The oceans of the world are filling up with plastic litter, killing marine animals of all kinds, and eventually finding its way into our bodies as we consume seafood. That’s the reality the world faces, in a nutshell. The numbers are almost too large to be meaningful: 300 million tonnes of plastic used each year; 50 billion bottles of water purchased each year; more microbead particles in the oceans than there are stars in the galaxy; 99 per cent of seabirds will have ingested plastic by 2050; more plastic in the seas than there are fish; 8.3 pieces of plastic in the average oyster. What is the average person supposed ... Read More »

Ontario Real Estate Association facing serious challenges

The association that represents realtors at the provincial level in Ontario appears to be facing an existential moment of truth. For decades, the Ontario Real Estate Association (OREA) Real Estate College has been authorised by the Real Estate Council of Ontario (RECO) to provide realtor education in the province, but that could be ending. RECO has reportedly decided to end its contract with the college as of 2020. Since that arrangement accounts for two-thirds of OREA’s annual revenue, $38 million in 2015, losing it would be a major blow to the organisation. Even before this potential crisis emerged, the organisation was engaged in some serious soul searching. Last year OREA ... Read More »

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