Welcome!

By registering with us, you'll be able to discuss, share and private message with other members of our community.

SignUp Now!

ON Economic Fundamentals 2008-11

1108TNTO
Bed bugs on the march again

The city has been invaded by a vast army of blood-suckers and health officials are mobilizing to fight them.

Toronto Public Health reported yesterday it has recorded a near 1,000% increase in bed bug infestation calls and they aren`t just from flophouses.

The blood-sucking bugs have prompted 1,444 calls to public health officials for help -- up from 147 calls in 2006 -- in the first seven months of this year.

http://www.torontosun.com/news/torontoandg...421586-sun.html
 
1108ONTR
Renters beware: You need insurance

If you rent a house, apartment or condo, you need to protect your possessions from damage or theft.

Your landlord is obligated to hold insurance on the building, but if anything should happen to your belongings, your landlord is not responsible.

If you don`t have insurance, replacing your belongings could land you in debt, eat up all your savings, or -- even worse -- leave you with nothing.

How many times have you heard about devastating apartment or house fires where tenants had no insurance on their belongings and lost everything?

http://www.torontosun.com/money/2008/11/15/7421541-sun.html
 
1108TNTO
City grants temporary DC reprieve

At Toronto City Hall this week, the City`s executive committee presided over a public meeting held to garner feedback on the proposal to more than double development charges (DCs) from the current range of $4,467-$11,082 per unit up to $10,920-$25,095, phased in over five years.

In an ironic twist, this may have been the first time in recorded history that the industry accused government of moving too quickly, but that`s exactly what happened as BILD and many of its individual members sought and were granted a deferral of final decision on the DC issue until February, 2009. The City released its DC background study on October 23 and was poised to approve the whopping DC increases (approximately 2.3 times increase) at Council on December 1-2.

http://www.torontosun.com/newhomesandcondo...14/7415551.html
 
1108ONTR
Have we got a real estate deal for you

Finance Minister Jim Flaherty may have been kidding about selling the CN Tower, but the federal government has a large inventory of properties in the GTA that could be considered.

And you might be surprised to learn just what properties are owned by the people of Canada, and could be sold if Flaherty decides the government`s coffers need a boost as the impact of a global recession hits home.

http://www.thestar.com/News/GTA/article/537551
 
1108ONTR
PM, premier warn Big Three

Ottawa and Queen`s Park warn there will be no unconditional "bailouts" for the sputtering North American automakers seeking government help.

While Prime Minister Stephen Harper and Premier Dalton McGuinty agree they want the vital domestic auto industry kept afloat, they signalled they are not prepared to invest public money unless General Motors, Ford and Chrysler change their ways.

http://www.thestar.com/News/Canada/article/537562
 
1108TNTO
Big`s better in the condo scene


Ian Gillespie can`t tell you where the rumours come from but he has heard them all. He will tell you they are absurd.

The owner of Westbank Properties, which is co-developing the Shangri-La Toronto, a $430-million 65-storey hotel/residential development, says he knows there is scuttlebutt about his development not going ahead.

"Go by the site. There are 120 trucks a day that are going in and out. I got wind of this rumour because someone told it to our lender," laughs Mr. Gillespie.

http://www.nationalpost.com/todays_paper/s....html?id=961912
 
1108ONTR
GTA demand to stay strong

There may be calmer times ahead for the housing market in the greater Toronto area. At this year`s Toronto Housing Outlook Conference, Canada Mortgage and Housing Corp. (CMHC) said it expects sales of existing homes in the GTA will fall 8.5% in 2009 and new listings will increase 1.2%.

"As a buyer next year, you`re going to benefit from an increasing level of choice in the marketplace," says Jason Mercer, senior market analyst with CMHC for the Toronto area. "You`re not going to be faced with ... as many multiple-bid situations where you have to come in with really aggressive offers on the asking price."

http://www.nationalpost.com/todays_paper/s....html?id=961966
 
1108HAMN
Learn more about $90m harbour cleanup plan

Environment Canada will provide details of the proposed $90-million cleanup of Randle Reef at a public meeting Tuesday.

Display panels containing much of the information can be viewed in advance on the Bay Area Restoration Council website, www.hamiltonharbour.ca.

Randle Reef is said to be the second-worst case of toxic coal tar contamination in Canada, after the tar ponds in Sydney, N.S.

http://www.thespec.com/News/Local/article/466978
 
1108YRHL
Town gets $5.8 million boost

The Town of Richmond Hill piggy bank got an injection after receiving a cheque from the provincial government for more than $5.8 million on Wednesday.

The funding is part of the 2008 Investing in Ontario Act, which will bring an additional $52 million to York Region`s infrastructure projects.

A total of $1.1 billion in grants will be paid across all of Ontario`s municipalities.

The funding was originally announced this summer.

http://www.yorkregion.com/News/Richmond%20Hill/article/84547
 
1108DAJX
Growth plan a problem for Ajax: mayor


AJAX -- More urban sprawl could be the result under the Growing Durham Study.

"Growing Durham is seriously off the rails. All it is is the same old urban boundary expansion being pushed by the development industry. It`s sprawl in Durham," said Ajax Mayor Steve Parish during a meeting of council`s general government committee. The Growing Durham Study outlines how the Region will adhere to the provincial Growth Plan.

http://newsdurhamregion.com/news/ajax/article/112983
 
1108TNTO
After 5 years, Miller has failed to seal the big deals


David Miller`s been Toronto`s mayor and chief magistrate for five years. But if he`s found his legs as civic leader, it clearly isn`t obvious to his subjects. His first term was widely condemned as a wasted three years, marked by timidity and disappointment. Now, halfway through a newly expanded four-year term, there is the sense that Mayor Miller has the city spinning its wheels.

Miller`s problem is not inactivity or laziness; rather, he has trouble closing the deal on major projects. And when that happens repeatedly – the 311-call system, food carts, renovating Union Station and Nathan Phillips Square – voters conclude the leader isn`t delivering.

http://www.thestar.com/News/GTA/article/537803
 
1108MSGA
Changing demographics close Mississauga school


A Mississauga elementary school has been chosen as the first to hit the chopping block by trustees on the Dufferin-Peel Catholic District School Board.

Blessed Trinity School on Credit Valley Rd. will be closed when the school year ends in June 2009, and its pupils reassigned the next year to nearby St. Rose of Lima – a school that was also threatened by low enrolment.

http://www.parentcentral.ca/parent/article/538119
 
1108LNDN
Property notices spark worries

Don`t be surprised if you hear screams as Londoners open their mail this week.

Due in the mail is a piece of paper that goes a long way to determine how much homeowners will pay in property taxes for the next four years. Because the new assessment notices are the first in three years, most homes will have risen in value by tens of thousands of dollars -- a leap that will likely lead many to fear a sizable jump in property taxes.

http://lfpress.ca/newsstand/News/Local/200...433791-sun.html
 
1108LNDN
Proposed changes crank up city`s noise bylaw


Judy Bryant knows too well the frustration of residents awakened by hooting, shouting and other noise of Richmond Row patrons heading home.

Ditto that for Eugene Di Trolio and John Fracasso. They all live within a stone`s throw of the popular entertainment district and they`re welcoming proposed changes to the city`s noise bylaw that beefs up enforcement, fines and types of violations.

http://lfpress.ca/newsstand/News/Local/200...433841-sun.html
 
1108OTWA
Duo to offer faster transit plan

Two Ottawa city councillors are set to unveil their own version of a transportation master plan today.

Capital Councillor Clive Doucet and Kitchissippi Councillor Christine Leadman will be at the Gladstone Theatre this morning to promote a faster expansion of light rail than that offered in the master plan city staff presented to council last week.

http://www.canada.com/ottawacitizen/news/c...de-bf3d8ab14fc3
 
1108ONTR
Auto bailout battleground


TORONTO — As North American auto manufacturers plead with governments for even a fraction of the help they`ve given the foundering financial sector, industry players and analysts are divided over what form any potential aid should take. But there is widespread agreement that Canada can`t ignore the issue or it runs the risk of being shut out of talks between the Big Three automakers and the U.S. government, leading to further job losses in this country.

http://www.ottawasun.com/Money/2008/11/17/7436896.html
 
1108YNEW
Baxter back for another run

For the fourth time, Dorian Baxter has been acclaimed candidate for the Progressive Canadian Party for Newmarket and Aurora.

It is Mr. Baxter`s makeup — priest, entertainer and political enthusiast — that makes him the best contender for the next race, party leader Sinclair Stevens said.

At a PC Party riding meeting earlier this week, Mr. Baxter closed the door to his old campaign and started a new one with Canadian flags, decorated pens and Frisbees.

http://www.yorkregion.com/News/Newmarket/article/84511
 
1108TNTO
It`s war against bed bugs

Bed bugs have finally bitten Toronto Public Health -- but not hard enough, according to some critics.

The board agreed yesterday to ask the city for $75,000 one-time emergency money to help vulnerable people who are not currently on social services have their apartments made ready for bed bug spraying treatments that are the landlords` responsibility.

http://www.torontosun.com/news/torontoandg...446501-sun.html
 
1108MSGA
Hospital gets some old money for new building

Trillium Health Centre received $4.3 million out of the blue yesterday — or, more accurately, out of the past.
The hospital was the beneficiary of a long-cancelled program to collect development levies for hospital construction in Peel.
Yesterday, Chair Emil Kolb presented a cheque to the hospital at its Mississauga campus. The money will be used for the current expansion underway there, which includes construction of a new seven-storey wing.

http://mississauga.com/article/21096
 
Back
Top Bottom