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Thursday , 26 November 2015

Category Archives: Greater Toronto Scene

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Special coverage of the GTA Condominium and lifestyle scene.

Toronto top city for youth, but unemployment remains a big challenge

Here’s another one for the Toronto trophy case: the Economist Intelligence Unit declares Toronto to be the best city in the world for youth to make a living and fulfill their dreams. Toronto beats out all the usual North American contenders—New York, Los Angeles, Chicago—as well as a couple of dozen others from around the world. Thirty-five cities on five continents were included. The study was commissioned by the Citi Foundation, a group that works with cities to help them help young people find academic and career success. The importance of the youth demographic can be seen in a couple of statistics provided: 60 per cent of the world’s population ... Read More »

Mayor Tory woos developers with financial incentives to kick-start affordable housing

Last April, Mayor John Tory said that the city wasn’t moving fast enough in providing affordable rental and ownership housing in Toronto. He announced a new initiative, Open Door, which was designed to encourage developers to build that housing. Tory said Open Door would change the way the city did business with developers, cutting red tape so that affordable housing could be built faster. The city was falling seriously behind in its affordable housing objective of providing 1,000 rental and 200 ownership homes annually. The number of families waiting for this housing is reported to be more than 95,000. Today, repeating that the city was “massively behind” in its targets, ... Read More »

Toronto nominated for award to be given at Paris climate summit

Toronto, or more specifically the Toronto Atmospheric Fund, is shortlisted for the C40 Cities Awards for 2015. The winners will be announced at the international climate conference (COP21) taking place in Paris from November 30 to December 11. Toronto is nominated in the category Finance and Economic Development. The other nominees in the category are Johannesburg, South Africa, and London, England. Last year’s winner in the category was Amsterdam. The C40 Cities Climate Leadership Group (C40), established in 2005, is a global network of “megacities” that are home to more than 500 million people. C40 works in partnership with President Clinton’s Climate Initiative among others to advance climate action agendas ... Read More »

Canada, land of the free, but state-sponsored violence (!?) a big worry

The United States famously likes to think of itself as a bastion of freedom and democracy unlike any other on earth. Canadians, meanwhile, see themselves as nice, peace-loving, tolerant people with a pretty good health care system. Self-images are never completely wrong, but more objective observers always see things a little differently. A London-based group with the endorsement of the UK’s Chancellor released its annual ranking of 142 countries, and there are some surprises. Canada, it turns out, is the world’s true bastion of freedom and democracy. Canada placed first in the category of personal freedom, in the Legatum Institute Global Prosperity Index, while the US placed fifteenth. The category ... Read More »

Eglinton Crosstown wins award for innovative funding from Public Private Partnerships group

They give awards for everything these days, so why not for P3s? P3s are Public Private Partnerships, and there is a non-profit group to promote them, the Canadian Council for Public-Private Partnerships (CCPPP). It announced today that Toronto’s Eglinton Crosstown was this year’s winner of the award for Project Financing. The Crosstown is the largest transit infrastructure project in the GTA and is expected to cost approximately $5.3 billion. It will run nineteen kilometres along Eglinton Avenue from Mount Dennis at Weston Road in the west end to Kennedy Road in Scarborough, with ten kilometres underground. There will be twenty-five stations along the way. The Crosstown is a project of ... Read More »

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