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Monday , 20 February 2017

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Reader’s plea for help about condo noise seems to indicate management negligence

A reader asked for advice concerning a noise problem in his (or her; no name given) condo. Details are sketchy but the gist of it is that a group of men have been partying every night for the past several weeks in the condo above. Oddly, the writer notes, the condo is unoccupied. Management “has given up,” the city has sent a warning to no avail, and the complainant has given up on the police. He says he has a complaint log from the city but, being disabled and recovering from a car accident finds it difficult to maintain it. There is just so much wrong with this situation as ... Read More »

Canadians have right to broadband no matter where they live: CRTC

There’s good news for Canadian internet users, especially those who live in rural and remote areas. Broadband internet access is now considered a basic telecommunications service for all Canadians. The Canadian Radio-television and Telecommunications Commission (CRTC) announced today that it is shifting its regulatory focus from wireline voice to broadband services and has established a new $750 million funding mechanism to help meet its objectives. It has also set new speed targets for fixed broadband service: 50 megabits per second (Mbps) for downloading from the internet, and 10 Mbps for uploading. These must be the actual speeds delivered, not merely the advertised speeds. As of 2015, 82 per cent of ... Read More »

Ontario residents very positive about housing markets despite rising prices

Given the almost daily reports of higher prices, tougher mortgage lending rules, and dwindling supply of certain types of homes, one might expect Ontarians to take a fairly dim view of the real estate market in this province. Surprisingly, that is far from the case. Ontarians are positively overflowing with optimism about the housing market as they look ahead to 2017. To put a number on it, the Ontario Home Ownership Index, which reflects people’s views about residential real estate in their area, reached an all-time high of 131. At this time last year, the index sat at 102. More than half of Ontarians (55 per cent) view their neighbourhood ... Read More »

Canadians better off as net worth, assets, savings rise, but so does household debt

The latest national wealth/national debt figures from Statistics Canada present an observer with some interesting options, which can perhaps best be described as seeing the glass as half full or half empty, depending on one’s disposition and tolerance for risk. The Stats Can report begins with an upbeat headline stating that national wealth has expanded as the value of real estate has increased. Specifically, the total value of non-financial assets in the economy rose 1.4 per cent to $9.7 trillion at the end of the third quarter. The main contributor was a 1.4 per cent increase in the value of real estate. As a result, every individual Canadian was worth ... Read More »

Toronto’s office vacancy rate lowest in NA, finance sector a key driver

Canada’s commercial real estate sector is on track for setting a new record for transactions completed in 2016. Investment in Canadian commercial real estate reached $11.2 billion in the third quarter, reports CBRE, the world’s largest commercial real estate services and investment firm. To date, investment totals $27.4 billion; CBRE predicts that the year-end total will exceed $35 billion, the highest ever. A large share (41 per cent) of the capital invested in the third quarter came from foreign sources, and most of that was directed at Canadian hotels, though every asset class posted strong gains. Toronto attracted the largest share of investment. CBRE said in a statement that appetite ... Read More »

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