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Tuesday , 21 October 2014

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Dutch artist’s “smart highway” glows in the dark

How would the world look if commonplace elements like roads and highways were designed by artists rather than by engineers? A glimpse can be seen in the work of internationally renowned Dutch artist and inventor Daan Roosegaarde whose Smart Highway in the Netherlands has recently been tested. The glow-in-the-dark road is the first section of what could eventually be a much larger project. Photo-luminescent paint absorbs solar energy by day and releases it as light at night, making the highway more visible and therefore safer for drivers. “The landscape becomes an experience of light and information,” the artist’s studio says. “As a result this increases visibility and safety.” Beyond the ... Read More »

New mortgage organization to assist investors

A new professional association for the mortgage industry has been formed, the non-profit Association of Mortgage Investment Professionals (AMIPROS). As the name suggests, the group’s aims are to assist and advise investors looking to place their money in mortgages. The group will bestow three designations based on completion of a core course in investor protection and two specializations. The two main specializations, which cover the main options open to investors, are private and syndicated mortgages, both of which have seen “dramatic growth” in Canada, AMIPROS says, since 2008 when the government began to make changes to mortgage lending practices. The head of the new organization, Joseph White, says that compared to ... Read More »

New Aquavista waterfront condos from Tridel

In June of 2013, Toronto condominium developer Tridel Corp. and real estate developer Hines International officially revealed plans for the first residences to be built at the new Bayside community on Toronto’s waterfront. Aqualina at Bayside, a condominium community designed by architectural firm Arquitectonica, will rise on the waterfront location bounded by Sherbourne Common, a new Waterfront Promenade, a new road called Merchants’ Wharf, and Queen’s Quay Boulevard. The new neighbourhood of East Bayfront will contain 3 million square feet of residential and commercial space, all on the water’s edge. As Tridel vice president of sales and marketing, Jim Ritchie, commented at the time, “There are few condominium locations which ... Read More »

Toronto designer’s flower chair wins NYC competition

Congratulations to Toronto designer Andrew Jones. His entry in a New York City chair competition has been selected from the 679 entries submitted. Jones’s winning chairs will be placed in a waterfront park in Manhattan known as Battery Park. The prize is $10,000 and the creation of 300 of the chairs. According to the New York Times, the park, which is operated by the non-profit Battery Conservancy, wanted a chair with “fabulous design” because one of the group’s goals is to foster “aesthetic literacy.” The competition was announced in 2012 and drew 679 entries from fifteen countries. The Times reports that once a short list of five finalists had been ... Read More »

Condo sales, rentals booming in third quarter

Two new quarterly reports from the Toronto Real Estate Board highlight the continuing growth in Toronto’s condominium market. One report summarizes sales of existing condos over the key summer months, July through September. During that time, condo sales rose 12.9 per cent on a year-over-year basis: 5,954 condo transactions went through TREB’s MLS system in the third quarter. New listings of condos for sale were also up (4.5 per cent) compared to a year ago. TREB president Paul Etherington said that despite the record-high levels of new condo completions over the past two years, “we have not experienced a glut of inventory.” In other words, there have been enough buyers ... Read More »

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