page contents
Sunday , 24 July 2016

Category Archives: News

Feed Subscription<

BMO: Housing Prices Won’t Decline in Toronto Regardless of Monetary Policy

0hot real estate market dreamstime_m_42137857Condo-ca-Canada's-Condominium-Magazine

Analysts at the Bank of Montreal doubt interventions by the Bank of Canada will have any impact on the ongoing surge in home sales and pricing. “None of the major drivers of Vancouver and Toronto’s housing market are pointing downward.”  —Douglas Porter, chief economist at BMO,  in a draft report. The report adds weight to a CREA report that higher prices are expected to continue through 2016. Upwards pressure on pricing will continue due to short supply, demographics, the jobs situation, urbanization, and the influx of foreign investments. This might be good news for sellers, as well as give hope to buyers that the value of their investment will continue to ... Read More »

Prosperity index of world’s countries reveals where democratic capitalism working best

Legatum-Institute-prosperity-index-wellbeing-yoga-Canada-freedom-Condo.ca

An international think tank that promotes prosperity through democratic capitalism has named Canada the world’s freest country. The annual Legatum Prosperity Index, which ranks 142 of the world’s countries according to their health, wealth and overall happiness, puts Canada in sixth place for 2015, down a spot since 2014. In the category of personal freedom, however, Canada is in first place. Canada is more tolerant of immigrants than any other country, and 92 per cent of Canadians think the country is a good place for “ethnic minorities.” The vast majority, 94 per cent, believe that we have the freedom to choose how we want to live our lives. To create ... Read More »

UCLA team captures CO2 in cement production, puts it into concrete

Co2ncrete-UCLA-greenhouse-emissions-climate-change-concrete-building-industry-construction-Condo.ca

Turning a harmful by-product of an industrial process into a harmless raw material of the end product itself is the result of some “blue sky” thinking at UCLA. Researchers there have found a way to take carbon dioxide, which is emitted in large quantities during the manufacture of Portland Cement, and use it to make concrete. The production of concrete accounts for about 5 per cent of CO2 emissions in the world, so being able to use that carbon in making concrete would be “a double whammy,” according to the UCLA team. They are calling their invention Co2ncrete. The team developed their proof of concept by combining pure CO2 with ... Read More »

NYC’s $4 billion subway station: masterpiece or boondoggle?

4Calatrava-World-Trade-Centre-Hub-New-York-City-architecture-Condo.ca

New York City just opened a new subway station. It cost $4 billion and took twelve years to build. Architecture critic Michael Kimmelman wrote in the New York Times that the price paid for the “dino carcass” was an unconscionable use of public funds, a boondoggle. Can anyone even imagine such a thing being approved in Toronto? Four billion dollars for one subway station? Of course it’s not just any old station. In the first place, it is the work of world-renowned architect Santiago Calatrava, and the main hall of the building is grandly designated the Oculus (eye). And it is described officially as the World Trade Centre Hub, though ... Read More »

Mushroom-based material can replace polystyrene; Ikea latest to consider using

ecovative-mushroom-materials-polystyrene-styrofoam-environmental-Ikea-Ford-Dell-Condo.ca

There isn’t much that’s good to be said about polystyrene, or Styrofoam. It’s safe for use with food, according to the US Food and Drug Administration. It’s light and makes a pretty good packing material for electronics and other fragile products. Other than that, it’s all negative. It’s made from petroleum, which is non-sustainable, non-renewable, and heavily polluting. Production of polystyrene creates the second-worst impact on the environment, in terms of energy consumption and greenhouse gas emissions; only aluminum production is worse, according to a fact sheet from Harvard University. It is a main component in urban litter and marine debris, is detrimental to wildlife, does not biodegrade, takes up ... Read More »

Scroll To Top