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August 2014 Ontario Economic Fundamentals

Ally

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Brampton issues close to $1 billion in construction permits





BRAMPTON`The City of Brampton added 1,200 new jobs and issued close to $1 billion in construction value building permits in the first half of 2014, planning staff reports.





The City`s Planning and Infrastructure Services Department says 3,744 permits were issued in the first six months of the year. That`s an increase over last year`s numbers by about 70 per cent and translates into $8 million in building permit revenue headed into city coffers.





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Ally

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Summer jobs show Barrie in a positive light





The Statistics Canada numbers are in and they're showing Barrie in a positive light.





Or at least we hope they do.





After initially releasing erroneous employment figures last week, StatsCan went back to the calculator and punched in a few more zeroes.





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Ally

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Landlord to pay $10,000 for denying teen apartment





In a rare case, the Human Rights Tribunal of Ontario has ordered a Toronto landlord pay a young woman $10,000 for denying her an apartment because she was under the age of 18.






The young woman was 17, a minor, when the complaint was filed. The ruling issued July 24 made her name anonymous , referring to her only as the random initials `A.B.`





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Ally

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New home sales in GTA rise 41% in July with low-rise leading the surge





New home sales in the GTA continue to rise high above the levels recorded in 2013, a much rockier year for new construction residences. According the RealNet Canada`s July numbers, sales rebounded, increasing 41 per cent over the same time last year. The year-to-date sales have also grown, surging by 52 per cent and reaching higher than the 10-year average.





It`s the low-rise market that`s leading the surge with the segment seeing its busiest July since 2009. It counted 1,226 sales last month, a 50 per cent increase over July 2013. Year-to-dates numbers increased by about 59 per cent. It should be noted that the numbers are fairly close the count for 2012, which came to 9,911.





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