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Monday , 23 January 2017

Category Archives: Greater Toronto Scene

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Special coverage of the GTA Condominium and lifestyle scene.

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 »

Non-profit housing group celebrates National Housing Day with ground-breaking on new condos

November 21–25 is National Housing Week, five days during which housing advocates focus attention on the problem of the lack of affordable housing in Canada. Tomorrow, November 22, is National Housing Day, and it is expected that the federal government will release its National Housing Strategy, the fulfillment of a promise made during last year’s election campaign. One component of the strategy that housing advocates want to see strengthened is government commitment to funding the non-profit housing sector, funding that has diminished over the past two decades. One Toronto-based non-profit group plans to participate in this week’s events in a special way. Options for Homes will host a ground-breaking ceremony ... Read More »

Toronto startup aims to disrupt real estate market, save consumers money

That perennial irritant for home sellers, the real estate agent’s commission, is back in the news. As described by a new start-up company that invites homebuyers and sellers to join the real estate “revolution” and take control of the process themselves, commissions in Toronto are a “black hole” into which more than $1 billion of homeowners’ equity is lost each year. Why should this continue to happen in a world that is so connected, so willing to embrace disruptive technologies in other areas, like Uber and Airbnb? Why pay tens of thousands of dollars for realtor services when you could pay mere thousands instead? Seizin, just launched in Toronto, says ... Read More »

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