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Monday , 20 February 2017

Category Archives: Greater Toronto Scene

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Special coverage of the GTA Condominium and lifestyle scene.

City’s newest art museum gets $5.1 million, now hiring

New York has its MOMA (Museum of Modern Art), and Toronto will soon have MOCA. The city’s newest art museum, the Museum of Contemporary Art, is getting $5.1 million from a federal government fund for cultural spaces. The museum is so new that it hasn’t opened yet. The money will go to transforming 55,000 square feet, on five floors of heritage-designated industrial space, into a museum-grade new forum for contemporary art. A statement from the chair of MOCA’s board said it will be an inclusive home for contemporary art in Toronto, that will reflect the city’s reputation “as one of the best places in the world to think, create and ... Read More »

High cost of housing affecting business competitiveness, profitability: report

Ontario’s business community is in a “delicate” position, says the Ontario Chamber of Commerce in a new report. Most businesses (62 per cent) are confident that they will do well in the next twelve months, but only 24 per cent of them are confident in the province’s economic outlook, creating a wide “confidence gap.” Business seems to be prospering, but the fundamentals are weak, investment is being held back, consumer spending is slipping, the nature and composition of the labour market are changing, and the government needs to act. The OCC uses a business prosperity index (BPI) to measure the relative prosperity of businesses today as compared to historical levels. It ... Read More »

Ontario government seeking public input on new condo management program

A year ago, the Protecting Condominium Owners Act, 2015 (PCOA), received Royal Assent in Ontario. That act made substantial amendments to the Condominium Act, 1998. It also enacts the Condominium Management Services Act, 2015 (CMSA), which will make it obligatory for all condominium managers to have certain qualifications. The Ministry of Government and Consumer Services is now asking for public input on the proposed regulation that will “support” implementation of the PCOA. Public feedback will be accepted until February 6, 2017. The ministry wants the regulation to come into effect on July 1, 2017. The regulation concerns two main areas: the licensing of condominium managers and the regulation of the ... Read More »

Stem cell research venture a big boost to Canada’s biotech industry

Even though it has been touted as one of the most potentially beneficial areas of scientific research, the study of stem cells continues to raise controversy. An experiment announced in India earlier this year, which would have used stem cells to attempt to regenerate brain cells in brain dead patients, was described in the press as “Frankenstein-esque” and was cancelled after the researchers failed to get permission from patients’ family members to perform the trials. In France this week, the parents of an unborn baby became the first to win the right to harvest stem cells from its umbilical cord when it is born, and to preserve the cells in ... Read More »

Toronto’s financial services industry growing in importance: report

More people work in banks and other financial services in Toronto than have bank accounts in some of the world’s poorest countries. How can people live without a bank account, one might ask? Where do they keep their money? How do they pay their bills? The questions wouldn’t mean much, though, if you were one of the 2 billion or so, living in countries like Cambodia, the Democratic Republic of Congo, Turkmenistan and Yemen, who earn just $2 a day. The questions should be, “What money, what bills?” Even in this country, it is estimated that 13 per cent of Canadians either have no bank account or have no money ... Read More »

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