April 2014 Ontario Economic Fundamentals
- Thread starter Ally
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University guidelines written for Barrie
Barrie is the answer to the questions Ontario is asking in its guidelines for a new university campus, the city, Georgian College and Laurentian University say.
Released Thursday, the long-awaited Ministry of Training, Colleges and Universities` guidelines require applicants to explain how a university campus would stimulate the local and provincial economy, address unserviced demand for students and employers and support Ontario`s growth plan.
Read the full article here.
Barrie is the answer to the questions Ontario is asking in its guidelines for a new university campus, the city, Georgian College and Laurentian University say.
Released Thursday, the long-awaited Ministry of Training, Colleges and Universities` guidelines require applicants to explain how a university campus would stimulate the local and provincial economy, address unserviced demand for students and employers and support Ontario`s growth plan.
Read the full article here.
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BlackBerry will stay put in Waterloo
WATERLOO BlackBerry's chief executive officer says the smartphone maker will remain headquartered in Waterloo as he continues to engineer a turnaround for the company that pioneered the wireless phone market.
John Chen made his comments Friday as BlackBerry reported a fourth-quarter loss of $423 million US, bringing to $5.87 billion US the losses for all of the 2014 financial year.
Read the full article here.
WATERLOO BlackBerry's chief executive officer says the smartphone maker will remain headquartered in Waterloo as he continues to engineer a turnaround for the company that pioneered the wireless phone market.
John Chen made his comments Friday as BlackBerry reported a fourth-quarter loss of $423 million US, bringing to $5.87 billion US the losses for all of the 2014 financial year.
Read the full article here.
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Ontario GDP to average 2.1% from 2014 to 2035
TORONTO - A shrinking work force combined with an aging population will pose challenges for Ontario's economy, which is expected to grow at a slower rate than the national or U.S. average in the next two decades, according to a report released Wednesday.
The report, released by Finance Minister Charles Sousa, predicts Ontario's real Gross Domestic Product will average 2.1 per cent growth between 2014 and 2035, compared with 2.2 per cent nationally, 2.4 per cent in the U.S. and 3.1 per cent globally.
Read the full article here.
TORONTO - A shrinking work force combined with an aging population will pose challenges for Ontario's economy, which is expected to grow at a slower rate than the national or U.S. average in the next two decades, according to a report released Wednesday.
The report, released by Finance Minister Charles Sousa, predicts Ontario's real Gross Domestic Product will average 2.1 per cent growth between 2014 and 2035, compared with 2.2 per cent nationally, 2.4 per cent in the U.S. and 3.1 per cent globally.
Read the full article here.
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Jobs created in Whitby
Credit is due to the Atlantic Packaging in Whitby for its effort and foresight in re-purposing the once-shuttered paper mill on the shore of Lake Ontario.
The result is an expansion at the familiar site, part of a provincial energy program that allows industrial companies to take advantage of reduced electricity rates in exchange for expansions or new facilities that create new jobs. The deal struck between the Province and Atlantic Packaging sees the company now producing 100 per cent recycled, lightweight paper used to manufacture high-performance corrugated cardboard products.
Read the full article here.
Credit is due to the Atlantic Packaging in Whitby for its effort and foresight in re-purposing the once-shuttered paper mill on the shore of Lake Ontario.
The result is an expansion at the familiar site, part of a provincial energy program that allows industrial companies to take advantage of reduced electricity rates in exchange for expansions or new facilities that create new jobs. The deal struck between the Province and Atlantic Packaging sees the company now producing 100 per cent recycled, lightweight paper used to manufacture high-performance corrugated cardboard products.
Read the full article here.
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Toronto home sales, prices rise from last year
TORONTO The Toronto Real Estate Board says home sales for March totalled 8,081, up 7.2 per cent from a year ago.
The increase came as the board also reported the average selling price for the month was $557,684, up almost eight per cent compared with March 2013.
Read the full article here.
TORONTO The Toronto Real Estate Board says home sales for March totalled 8,081, up 7.2 per cent from a year ago.
The increase came as the board also reported the average selling price for the month was $557,684, up almost eight per cent compared with March 2013.
Read the full article here.
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Whitby paper mill adds 80 new jobs
WHITBY -- Atlantic Packaging is upgrading its Whitby mill to manufacture 100-per cent recycled paper products, creating 80 new jobs in the community.
The enhancements come as a result of the Province`s Industrial Electricity Initiative program, which allows Ontario to better manage its electricity system by encouraging industrial companies to maximize the use of available electricity supply.
Read the full article here.
WHITBY -- Atlantic Packaging is upgrading its Whitby mill to manufacture 100-per cent recycled paper products, creating 80 new jobs in the community.
The enhancements come as a result of the Province`s Industrial Electricity Initiative program, which allows Ontario to better manage its electricity system by encouraging industrial companies to maximize the use of available electricity supply.
Read the full article here.
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The good and the bad of Hamilton's unemployment numbers
Hamilton's unemployment rate dipped slightly in March, but it's not good news because the number of people looking for work also dropped.
The latest Labour Force Survey from Statistics Canada shows an unemployment rate of 5.8 per cent for the Hamilton-Burlington-Grimsby area, down slightly from 6.2 per cent a year earlier.
Read the full article here.
Hamilton's unemployment rate dipped slightly in March, but it's not good news because the number of people looking for work also dropped.
The latest Labour Force Survey from Statistics Canada shows an unemployment rate of 5.8 per cent for the Hamilton-Burlington-Grimsby area, down slightly from 6.2 per cent a year earlier.
Read the full article here.
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GTA poised to generate 230,000 new jobs by 2017
The next four years will bring 230,000 new jobs to the Greater Toronto Area (GTA), according to a new report released today by BMO Economics.
The report on Canada's most populous urban region is the latest in a series of economic, housing and business overviews for various cities and regions across Canada that will be published by BMO throughout this year.
Read the full article here.
The next four years will bring 230,000 new jobs to the Greater Toronto Area (GTA), according to a new report released today by BMO Economics.
The report on Canada's most populous urban region is the latest in a series of economic, housing and business overviews for various cities and regions across Canada that will be published by BMO throughout this year.
Read the full article here.
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Ottawa house prices stable in first quarter of 2014
OTTAWA, April 8, 2014 /CNW/ - Ottawa saw fairly flat year-over-year prices for all housing types according to the Royal LePage House Price Survey released today.
The average price for detached bungalows increased 2.2 per cent year-over-year to $395,667 and standard two-storey homes increased 2.0 per cent to $398,500. Condominium prices dropped slightly, declining 1.4 per cent over the same period to $258,500.
Read the full article here.
OTTAWA, April 8, 2014 /CNW/ - Ottawa saw fairly flat year-over-year prices for all housing types according to the Royal LePage House Price Survey released today.
The average price for detached bungalows increased 2.2 per cent year-over-year to $395,667 and standard two-storey homes increased 2.0 per cent to $398,500. Condominium prices dropped slightly, declining 1.4 per cent over the same period to $258,500.
Read the full article here.
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Highway 400 eye for upgrades, widening in Barrie
Crumbling bridges, changing traffic patterns and Ontario`s vision for Barrie are all driving the need for the Ministry of Transportation (MTO) to get moving on upgrading Highway 400.
MTO project engineer Justin White says a 2004 environmental assessment ` which recommended widening Highway 400 to eight lanes from Highway 89 to Essa Road, then to 10 lanes to Bayfield Street and narrowing to eight again to Highway 11 ` needs an update.
Read the full article here.
Crumbling bridges, changing traffic patterns and Ontario`s vision for Barrie are all driving the need for the Ministry of Transportation (MTO) to get moving on upgrading Highway 400.
MTO project engineer Justin White says a 2004 environmental assessment ` which recommended widening Highway 400 to eight lanes from Highway 89 to Essa Road, then to 10 lanes to Bayfield Street and narrowing to eight again to Highway 11 ` needs an update.
Read the full article here.
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Toronto is the world's most resilient city
Toronto is the world`s `most resilient` city and two other Canadian cities claimed the No. 2 and the No. 3 spots.
The London-based Grosvenor Group said last week that Toronto, followed by Vancouver and Calgary, are the best cities for real estate investment because of their resilience.
Read the full article here.
Toronto is the world`s `most resilient` city and two other Canadian cities claimed the No. 2 and the No. 3 spots.
The London-based Grosvenor Group said last week that Toronto, followed by Vancouver and Calgary, are the best cities for real estate investment because of their resilience.
Read the full article here.
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Condo developers start 2014 with record number of launches
Developers are so optimistic that confidence has returned to the condo market, they`ve launched sales of a record number of new units ` more than 2,700 ` in January and February alone.
And more are planned, with new project launches scheduled unusually late, into May, as builders see a surge of pent-up demand after the downturn of the last two years, especially for condos close to the Toronto core.
Read the full article here.
Developers are so optimistic that confidence has returned to the condo market, they`ve launched sales of a record number of new units ` more than 2,700 ` in January and February alone.
And more are planned, with new project launches scheduled unusually late, into May, as builders see a surge of pent-up demand after the downturn of the last two years, especially for condos close to the Toronto core.
Read the full article here.
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TREB releases Q1 condo statistics
TORONTO, ONTARIO -- (Marketwired) -- 04/15/14 -- Toronto Real Estate Board President Dianne Usher announced that "home buyers remained confident in purchasing condominium apartments during the first three months of 2014. This included first-time buyers and seasoned home owners looking to change their housing situation. Despite the condo market segment being well-supplied, strong sales growth translated into a robust increase in the average selling price."
Greater Toronto Area REALTORSÂ reported 4,454 condominium apartments sold through the TorontoMLS system in Q1 2014 - up nine per cent compared to 4,085 sales reported in Q1 2013. The average selling price for Q1 2014 transactions was up by 5.6 per cent year-over-year to $351,213.
Read the full article here.
TORONTO, ONTARIO -- (Marketwired) -- 04/15/14 -- Toronto Real Estate Board President Dianne Usher announced that "home buyers remained confident in purchasing condominium apartments during the first three months of 2014. This included first-time buyers and seasoned home owners looking to change their housing situation. Despite the condo market segment being well-supplied, strong sales growth translated into a robust increase in the average selling price."
Greater Toronto Area REALTORSÂ reported 4,454 condominium apartments sold through the TorontoMLS system in Q1 2014 - up nine per cent compared to 4,085 sales reported in Q1 2013. The average selling price for Q1 2014 transactions was up by 5.6 per cent year-over-year to $351,213.
Read the full article here.
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Pace of rent growth in Toronto rental market moderates as supply increases
Increasing supply in the Toronto rental market caused rent growth to moderate in the first quarter of 2014, according to a report released this week by the Toronto Real Estate Board (TREB).
In the first quarter, the number of condo units leased increased by 17.8 per cent compared to the same period in 2013. The number of condo rental units listed on the MLS also rose significantly, climbing 27.7 per cent year-over-year.
Read the full article here.
Increasing supply in the Toronto rental market caused rent growth to moderate in the first quarter of 2014, according to a report released this week by the Toronto Real Estate Board (TREB).
In the first quarter, the number of condo units leased increased by 17.8 per cent compared to the same period in 2013. The number of condo rental units listed on the MLS also rose significantly, climbing 27.7 per cent year-over-year.
Read the full article here.
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Toronto condo sales soar
Sales of new condos in the Toronto area last month hit the highest level ever for the month of March, according to research firm RealNet Canada Inc., as buyers remained active in one of the country`s most worrisome markets.
While the country`s housing market is just digging itself out of a winter slump, sales of new condos in Toronto have been ramping up. That`s despite the fact that Toronto condos are at the top of economists` and policy makers` watch lists.
Read the full article here.
Sales of new condos in the Toronto area last month hit the highest level ever for the month of March, according to research firm RealNet Canada Inc., as buyers remained active in one of the country`s most worrisome markets.
While the country`s housing market is just digging itself out of a winter slump, sales of new condos in Toronto have been ramping up. That`s despite the fact that Toronto condos are at the top of economists` and policy makers` watch lists.
Read the full article here.
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Progress towards Cambridge Hospital redevelopment one step closer
CAMBRIDGE ` The expansion and redevelopment at Cambridge Memorial Hospital is one step closer to coming to realization as the request for proposals stage has closed for prequalified companies to submit bids to build and finance the project.
Read the full article here.
CAMBRIDGE ` The expansion and redevelopment at Cambridge Memorial Hospital is one step closer to coming to realization as the request for proposals stage has closed for prequalified companies to submit bids to build and finance the project.
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Good news for Niagara College
WELLAND ` Manufacturing research in Niagara got a shot of federal funding in the arm last week.
That shot in the arm comes in the form of $1.75 million in Natural Sciences and Engineering Research Council of Canada (NSERC) funding over five years for the college`s industry innovation centre. Last Thursday minister of state Ed Holder announced the funding and an additional $287,795 grant for research equipment and installations.
Read the full article here.
WELLAND ` Manufacturing research in Niagara got a shot of federal funding in the arm last week.
That shot in the arm comes in the form of $1.75 million in Natural Sciences and Engineering Research Council of Canada (NSERC) funding over five years for the college`s industry innovation centre. Last Thursday minister of state Ed Holder announced the funding and an additional $287,795 grant for research equipment and installations.
Read the full article here.
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Think bigger on second suites, public tells Barrie
Barrie needs to think bigger ` at least that`s what property owners told the city last week at an open house about second suites.
As Barrie refines its draft affordable housing strategy, it`s turning to you to assess if its plan for second suites ` which will be permitted in all the city`s neighbourhoods ` is a viable one.
The proposal is to allow one unit, ranging from 35 to 50 square metres, per home which, by provincial law, must have a kitchen and bathroom.
Read the full article here.
Barrie needs to think bigger ` at least that`s what property owners told the city last week at an open house about second suites.
As Barrie refines its draft affordable housing strategy, it`s turning to you to assess if its plan for second suites ` which will be permitted in all the city`s neighbourhoods ` is a viable one.
The proposal is to allow one unit, ranging from 35 to 50 square metres, per home which, by provincial law, must have a kitchen and bathroom.
Read the full article here.