24 Feb 2011

Gas prices jump nearly four cents in Toronto due to Libyan

The forecast shows snow showers and temperatures topping out in the mid-30s for the Toronto area in the coming days. But there's another reason Toronto residents should keep their summer cars safely stowed away in their storage units: gas prices.According to Torontogasprices.com, Greater Toronto area gas prices jumped nearly four cents literally overnight.Economists attribute the sudden rise in prices to the ongoing political unrest in the Middle East, particularly in Libya, as several oil-producing companies have shut down their operations amid countrywide protests.The gas-monitoring website says the average price of gas throughout the Greater Toronto area now stands at $1.20 per liter."[High gas prices] will obviously have a rippling effect throughout the economy and put us very near to what we were in 2008," said Pickering-Scarborough East Liberal MP Dan McTeague.The average price of gas is still a far cry from where it was in 2008. According to CBC News, due to Hurricane Ike shutting down oil production in the…

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23 Feb 2011

As Toronto's population continues to grow and storage units are filled, it's clear that homebuilders are expecting more is on the way, as housing starts rose last month.According to the Canada Mortgage and Housing Corportation, 170,400 units were started last month, up from 169,000 units in December 2010."Housing starts moved slightly higher in January because of an increase in rural starts," said Bog Dugan, chief economist at CMHC's Market Analysis Center. "Single-detached and multiple starts showed a moderate decline.Rural starts were estimated at a seasonally adjusted annual rate of 23,500 units in January, according to the CMHC.The condominium market is particularly vibrant. In an interview with the Toronto Metro, Shaun Hildebrand, senior CMHC market analyst for the Greater Toronto area…

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22 Feb 2011

Those who have recently moved to Toronto but can't help but be uncertain about whether it was the right decision can take heart: It's among the most most liveable cities in the world.Every year, the Economist magazine conducts a sweeping assessment of 140 cities around the world. With ratings from 1 to 100 – 1 being intolerable, 100 being heaven on earth – it ranks cities' liveability based on 30 factors like education, environment, culture, infrastructure and healthcare. And fourth on this year's list is Toronto, with a comfortability rating of 97.2.Canada as a whole fared well, as Vancouver ranked first overall with a score of 98.0, and Calgary fell just short of Toronto as the fifth most liveable city,…

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21 Feb 2011

After a recent spat of automobile thefts in the area, Torontonians may finally be able to take their vehicles out from the safety of their storage units.On Friday, Toronto police arrested a 33-year-old man who is believed to be responsible for causing tens of thousands of dollars in damages to dozens of vehicles around the Greater Toronto area.Police say Darryl Aquino performed a series of smash-and-grab thefts over the past month, breaking cars' windows and windshields and then reaching into the vehicles to steal whatever he get his hands on. The items he stole were usually electronic gadgets, such as GPS devices, cameras and iPods, according to the department's constable.Authorities say the string of car thefts – 60 in total…

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18 Feb 2011

With the Toronto real estate market back on track, the city is looking to keep businesses in the black and storage units stacked by bringing some heavy-hitting residents to the Greater Toronto area.According to CBC…

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18 Feb 2011

The Toronto area saw significant growth in the real estate market in January, and the Canadian Real Estate Association believes the market will grow even more in the month of February, perhaps signaling renewed demand…

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16 Feb 2011
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Judging by the rate at which office space is being snapped up in the Greater Toronto area, business appears to be picking up in the Toronto local commercial real estate market. According to Avison Young’s office market report, the Greater Toronto area West market saw a steady decline in office vacancies in the fourth quarter as more and more businesses took advantage of office vacancies. “Induced by attractive rental rates and new product opportunities, tenants in the GTA West office market are definitely creating increased velocity,” said Martin Dockrill, principal and managing director for Avison Young’s Mississauga office. While the vacancy rates are higher this year compared to last year, officials at Avison Young say the downward trend of vacancy…

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16 Feb 2011

Judging by the rate at which office space is being snapped up in the Greater Toronto area, business appears to be picking up in the Toronto local commercial real estate market.According to Avison Young's office…

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15 Feb 2011
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The number of people moving to the Greater Toronto area last month may be slightly off the pace when compared to January 2010, but the city’s real estate market continues to move forward. According to the Toronto Real Estate Board, there were 4,337 transactions for resold houses in January. That’s 13 percent lower compared to this same time last year, but January 2010 was a record month for housing and demand for storage units in Toronto. “While off the record pace experience a year ago, the GTA resale market has started the year on a solid footing,” said Bill Johnston, president of the Toronto Real Estate Board. “Home buyers in Toronto and surrounding areas continue to benefit from a diversity…

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15 Feb 2011

The number of people moving to the Greater Toronto area last month may be slightly off the pace when compared to January 2010, but the city's real estate market continues to move forward.According to the…

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14 Feb 2011

At more than 33 million, Canada's population has been on a steady increase for more than 50 years. And last year, there was a significant jump in economic migrants. Approximately 280,600 legal immigrants became permanent…

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16 Jan 2011
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At more than 33 million, Canada’s population has been on a steady increase for more than 50 years. And last year, there was a significant jump in economic migrants. Approximately 280,600 legal immigrants became permanent residents of Canada in 2010. The number is 6 percent higher than immigration officials predicted and the most the country has seen since 1957. While the report considers all residents that move to Canada, the biggest portion was economic migrants who made up two-thirds of new legal residents. In a news conference, Immigration Minister Jason Kenney said the country wants to bring more skilled immigrants to the country to stimulate the economy. By adjusting Ottawa’s points grid, the people accepted for the country’s skilled work…

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