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Friday , 27 May 2016

Category Archives: Greater Toronto Scene

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Special coverage of the GTA Condominium and lifestyle scene.

Toronto joins 100 Resilient Cities Network with promise to solve infrastructure, transit problems

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The City of Toronto announced today that it has been selected to join the 100 Resilient Cities Network, a global network of cities working together to build urban resilience. Membership will give Toronto access to tools, funding, resources and technical expertise that will help it meet the physical, social and economic challenges it faces. The 100RC is an initiative of the Rockefeller Foundation in New York City. Mayor John Tory said in the statement that as a member of the 100RC, the city will work with leaders in private, government and non-profit sectors to respond to the city’s most pressing challenges, including aging infrastructure, lack of transit, and extreme weather ... Read More »

Toronto board launching National Real Estate Day to encourage home ownership

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Do we need a National Real Estate Day in Canada? The Toronto Real Estate Board believes so and will launch it tomorrow, May 17. The purpose of the day is to provide a “forum” for all Canadians to discuss “why they love their homes and how home ownership has positively impacted their lives,” according to TREB president Mark McLean. In other words, it’s mainly a marketing tool for the real estate industry, not that it would seem to need it. For anyone up and watching television at that hour, McLean will be on Breakfast Television at 6:20 a.m. to talk about the benefits of home ownership. Canada already has a ... Read More »

Billy Bishop has one of world’s most scenic airport approaches

For the second year in a row, Billy Bishop Toronto City Airport has been voted by travellers as having one of the top ten Most Scenic Airport Approaches in the world. The airport is the only Canadian airport to be recognized in PrivateFly's global poll. Located on the Toronto Islands, Billy Bishop Airport offers the 2.5 million passengers who travel through the airport each year a scenic view of Torontoís skyline and vibrant harbour as they arrive (CNW Group/PortsToronto)

We live in a world obsessed with ratings. Restaurants, universities, hotels, television programs, roller coasters, beaches: if people use it, they will be asked to rate it. Airports, naturally, are included. People use them a lot, and we tend to form quite strong opinions of the experience, especially if our flight was cancelled because of a snowstorm and we had to spend a night on a plastic chair in a lounge full of crying babies and their crying parents. Airports are therefore rated for a great many different services: their VIP facilities, their security, their cleanliness, dining facilities, leisure amenities, shopping, even baggage delivery. They are also rated according to ... Read More »

Shopping malls, retail sector “doing fine” despite challenges: report

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We’ve all heard that retailers in Canada who don’t cater to the needs of their younger, mobile device-wielding customers could find themselves in trouble, saleswise. Younger shoppers, who are said to prefer to shop online than to go to an actual store, value convenience above everything when shopping, though they also respond well to loyalty programs that make them feel valued as customers. Online sales growth is expected to outpace traditional in-store retail in coming years. But does this mean the country’s malls are suffering today? Not according to Toronto commercial real estate firm Avison Young. The retail sector is doing quite well, a new report from AY says, despite ... Read More »

Tax increment financing touted as funding solution for Toronto’s SmartTrack

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A controversial method of raising revenues for infrastructure is once again being recommended as a way for Toronto to finance projects like Smart Track, the transit plan proposed by John Tory in the 2014 mayoralty race. A report from the C. D. Howe Institute says that Tax Increment Financing, or TIF, is a better way of funding infrastructure because it better matches those who benefit from the infrastructure with those who use it. TIF presumes that building infrastructure in a particular district will increase property values there and spur more development. This “uplift” in local property values will result in higher taxes for the municipality, which can then be used ... Read More »

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