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Tuesday , 22 July 2014

Category Archives: A Breaking Story

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Google buys smart home innovator Nest

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Smoke detectors and thermostats do not have much of what you call glamour. Every home has at least one of each, and we can’t do without them, but they generally haven’t been much loved by the average home owner, more of an off-the-shelf kind of necessity that can be bought at the local home improvement store, like a plunger for the toilet. A California company started to change all of that about three years ago. Started by two former Apple employees—one of them, Tony Fadell, is known as the “father” of the iPod for his work on the Apple music player; he also worked on the original iPhone—Nest Labs Inc. ... Read More »

City and BILD reach compromise on new development charges

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The City of Toronto created a furor among the local building industry and realtors earlier this year when it announced large increases in the city’s development charges. In some cases, the charges would have virtually doubled, prompting many builders and realtors to denounce the increases, saying that they would kill the building boom going on in downtown Toronto. Now it appears that a compromise has been reached, as the city has said it will reduce the amounts by which the development charges will increase. The main industry group that had opposed the hikes, the Building Industry and Land Development Association (BILD) is reported to be satisfied with the reduced charge ... Read More »

22 Percent Increase in Resales and Higher Home Prices in August for Toronto

Toronto Real Estate Sales increases 22 percent across all home types in August 2013 over August 2012.

With 3359 sales reported in the first two weeks of August, the market is encouraged by a 22 percent increase in resales over same period last year. Sales and listings also rose on a year-over-year basis—across all types of home: condo, townhome, semi-detached and detached. Average selling price climbed again to $494,617 Indicative of a strong market for August, prices also rose. “Sales growth that is stronger than new listings growth is indicative of more competition between buyers. Against this backdrop, it makes sense that the average selling price continued to grow,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. At an average price of 507,288, 1,164 homes were ... Read More »

Even supercomputers are going green, competing for energy-efficiency honours

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Upon learning that a pair of NVIDIA-powered supercomputers had taken the top two spots on the Green500 list, published today, making them the two most energy-efficient supercomputers in the world, we wondered what that meant. The two supercomputers, it turns out, are powered by NVIDIA Tesla K20 GPU accelerators, and the first-place winner, called Eurora, delivers 3,210 MFlops per watt. It beat the Intel competitors by a mile, being twice as energy-efficient as the Intel Xeon Phi system, known as Beacon. But again, what does that mean? Should we all have one of these energy-efficient supercomputers on our desks? Well, not really. Supercomputers are actually collections of thousands of “nodes” ... Read More »

Will Porter’s jets fly at Billy Bishop?

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As had been widely rumoured, the mystery buyer of thirty Bombardier CSeries jets announced by the aircraft maker several months back is indeed Porter Airlines. The company confirmed today that it has signed a conditional offer to purchase twelve of the CS100 business jets, with an option for eighteen more. Delivery of the first CS100 would occur in 2016. There is a further purchase agreement for six Q400 NextGen aircraft. The total purchase value could reach $2.29 billion US, if all options and purchase rights are exercised. Porter’s plans to “spread its wings” are likely to hit some serious drag, though. Before it can fly the jets in and out of ... Read More »

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