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Saturday , 30 July 2016

Category Archives: Greater Toronto Scene

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Special coverage of the GTA Condominium and lifestyle scene.

Fast Internet coming to rural SW Ontario; SWIFT gets $180 million funding


The dream of rural southwestern Ontario residents to have access to affordable ultra-high-speed fibre optic broadband internet service is a little closer to reality today after a funding announcement by the provincial and federal governments. Ottawa and Queen’s Park each contributed $90 million to the Southwestern Integrated Fibre Technology (SWIFT) project, which aims to deliver high-speed internet to approximately 3.5 million rural Ontarians in 350 communities. SWIFT plans to build the high-speed broadband network so that everyone in western Ontario has access, “regardless of the size of their community, their age, education or where they work.” With $180 million in funding now in place, the project is expected to move ... Read More »

More Toronto renters chasing fewer apartments: commercial vacancy hits new low

The big word in Toronto real estate these days, on both the commercial and residential side, is rent. For renters looking for a place to live in the city, condominiums continue to provide a major source, though the number of condos listed in the second quarter declined slightly. At the same time, the number of purpose-built rental buildings is increasing. For business renters in the city, space is getting more and more scarce, as Toronto’s office vacancy rate dropped below 5 per cent, the lowest downtown vacancy rate in a major North American market. Industrial space is also getting scarce as Toronto now has the third lowest availability rate in ... Read More »

Toronto poised to become the world’s next tech startup hub

Will Toronto be the world’s next great producer of tech startups? There are plenty of reasons why it could be, and should be, and few reasons why not, at least according to the newest entrepreneur-mentoring endeavour in the city. StartUp Here Toronto, which is a partnership with another Toronto startup, Ten Thousand Coffees, is meant to provide mentoring help for entrepreneurs trying to grow new businesses in the GTA. The StartUp Here Toronto Café has links to dozens of existing startups, incubators, accelerators, funders and educational institutions to help visionaries and inventors turn a great idea into a successful business. Anyone interested in meeting up with someone to talk about ... Read More »

Summerhill liquor store turns 100, LCBO gets new CEO

As an example of successful adaptive reuse, the old Summerhill train station, now the flagship store for the LCBO, is hard to beat. The monumental limestone building with the soaring clock tower (reportedly modelled on the Campanile in Saint Mark’s Square in Venice) turns 100 years old tomorrow (June 14), thus pre-dating Union Station by eleven years. Alas, its life as a train station was brief: by 1930 it was over. In 1931 the station was occupied by the old Brewers’ Retail; in 1940, the LCBO moved in. The station was restored to its former glory in 2004. The LCBO has just released a statement of its financial results for ... Read More »

Residential construction industry says skilled trades strikes are coming to an end

Things are beginning to look up for the residential construction industry in the GTA, not to mention anxious new home buyers, which has been crippled by strikes since early in May. One of the main striking unions, the residential framers, represented by the Labourers International Union of North America (LiUNA) local 183, ratified a new contract last week. The Residential Construction Council of Ontario (RESCON) said that the roughly 5,000 framers affected would be back at work promptly. Without the framers, other trades such as drywall installers, cannot do their work. As it happens, the drywall workers, along with the tile and trim workers, are also out on strike. RESCON ... Read More »

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