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Wednesday , 3 September 2014

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Island airport’s popularity high, but jets are another question

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The president of Porter Airlines, Robert Deluce, is emphatic about his airline’s financial health and its future viability. Asked on the CBC radio program As It Happens whether his just-announced decision to sell the terminal at Billy Bishop Airport was a sign that the company was in financial difficulty, he said “no.” Far from it, he insisted. It was a matter of getting out of the business of running an airline terminal, and concentrating on the core business, which is running an airline. The money raised from the sale, the possible amount of which he would not speculate on, will be used to expand the core business. As many Torontonians ... Read More »

Toronto 2030 District gearing up to meet carbon-neutral challenge

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Can downtown Toronto become a carbon-neutral district in just fourteen years from now? Yes, if key building industry players get on board and work to meet that goal, according to the Toronto 2030 District initiative. Not only will they help solve one of the world’s biggest problems, they will realize that high-performing buildings are the most profitable buildings in Toronto. This is a term—Toronto 2030 District—we can expect to hear more about in coming months and years. It refers broadly to a set of greenhouse emission reduction targets originated by the non-profit organization Architecture 2030 in response to the climate change crisis. Acknowledging that buildings, or “the built environment,” are ... Read More »

Calls for road safety as new school year begins

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When school starts again next week, everything changes for children, and for drivers. The safety of kids becomes, or should become, drivers’ main concern whenever they drive on a residential street or near a school. A writer in the Irish Independent newspaper puts it best: no child should be responsible for their own safety. The writer was reacting to the disturbing fact that twice as many children have died on the roads in that country so far this year as in all of last year. Half of them were pedestrians, the other half passengers in cars. The same warnings and reminders are being given all over the world as summer holidays end ... Read More »

Real estate industry closely regulated, but fraud does occur

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A couple of current stories about real estate fraud draw attention to one of the fundamental assumptions we make when buying and selling property:  the assumption of trust. The lawyer who handled Toronto condo purchasers’ deposits in the Centrust case has now been arrested for fraud after more than $12 million disappeared from a trust fund being handled by her. And from Vancouver today comes news that a real estate brokerage has had its licence suspended by the Real Estate Council of BC after failing to account for trust monies held on behalf of its clients. Stories like these may make people nervous about handing over large sums of money ... Read More »

Affordability improved in Canada’s housing market: RBC

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The affordability of housing in Canada improved a little in the second quarter of 2014, RBC Economics reports, mainly due to lower mortgage rates. The RBC Housing Trends and Affordability report says that housing became more affordable in “virtually all” major markets, even though prices continue to rise. Buyers were very active in the second quarter, with the resale market picking up 9.4 per cent. It was the strongest Q2 in nearly four years, one of the best on record. “Stats rolling in suggest that the upward momentum in Canada’s housing market is being sustained and further, that a sharp slowdown is not imminent,” said Craig Wright, chief economist at ... Read More »

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