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Tuesday , 28 March 2017

Monthly Archives: March 2017

Fake olive oil, coffee, fish, honey on menu at international food fraud conference in Quebec

It’s almost embarrassing buying olive oil at the supermarket, especially the Italian brands. One feels one might as well send a money transfer directly to the Italian “agrimafia,” and the oil is so expensive to begin with. A couple of years ago, almost half of all extra-virgin olive oil brands produced in Italy were found to be tainted. Consumers in the US have just a 10 per cent chance of getting the real thing when they buy Italian extra-virgin olive oil. Not surprising when it is estimated that 350,000 farmers and producers are involved in the fraud, earning about CDN$6.5 billion from theft and robbery. One estimate puts the value ... Read More »

Tridel unveils family-friendly three-bedroom suites at Via Bloor 2

In a recent report about the Toronto housing market, nearly half of respondents to a poll indicated that they considered condominiums a likely choice for a home within the next five years (see post More Families Likely to Choose Condo Living if Available). Tridel, Canada’s premier condo developer, is doing its part to make that a reality. Its newest condo project in Toronto, Via Bloor, includes three-bedroom, family-friendly suites that will give more families the chance to live in one of the city’s greatest neighbourhoods, Bloor Street just east of Yonge. The three-bedroom Signature Suite at Via Bloor 2 is spacious and light-filled, with expansive windows flooding the space ... Read More »

Personal Real Estate Corporations one step closer to reality in Ontario

Ontario realtors are optimistic that a change to the province’s Real Estate Business Brokers Act (REBBA), 2002 will finally allow them to enjoy certain tax benefits already available to other professionals such as chartered accountants, lawyers and doctors. The Tax Fairness for Realtors Act, 2017, has passed second reading at Queen’s Park and now goes to final debate and a final vote. It seems likely to pass, given that it has the support of the Liberals, who introduced it, and the NDP, who co-sponsored it. The Ontario Real Estate Association (OREA) has lobbied for the changes. At issue is whether individual realtors can form personal real estate corporations (PRECs) in ... Read More »

New Blue Jays sponsor is major housing, building products maker with one incredible product

A company described as a global leader in housing and building materials, products and services is the latest partner with the Toronto Blue Jays. LIXIL Canada, whose headquarters are in Tokyo, Japan, and whose brands include the famous American Standard bathroom fixtures and plumbing, DXV, and Grohe, announced a multi-year deal with the Jays. LIXIL will sponsor “events and opportunities” with in-stadium promotions, and point-of-sale contests in major retailers across Canada. The new partnership is set to launch next month during Blue Jays spring training games in Montreal’s Olympic Stadium. LIXIL is the result of a merger among five top Japanese housing-related companies whose brands include building materials, exteriors, doors, windows, ... Read More »

Condo sales soar to record highs as low-rise inventories drop to “almost inconceivable” lows: BILD

There is no mistaking the rising urgency in tone in the voice of the Building Industry and Land Development Association (BILD). The new-housing supply crisis in the GTA is not only “unprecedented,” it is now “almost inconceivable.” BILD president Bryan Tuckey said in his latest statement on new home sales in Toronto that the number of new homes for sale reached unprecedented levels of scarcity in February, with just 1,001 new low-rise homes in builder inventories at the end of the month. That includes single detached, semi-detached, and townhomes. A decade ago there were 17,304. According to Tuckey, the industry is building more mid- and high-rise housing, in accordance with ... Read More »

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