19 Apr 2013

Toronto’s condo sales down

Over the past few years, Toronto's condo industry has experienced a significant boom, however, the sales aren't faring as well as analysts expected. According to Daily Commercial News, a report conducted by the Greater Toronto Realtors revealed that sales were down 17 percent and the average price fell by approximately $2,000. "With months of…

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29 Mar 2013

Toronto resident Michael Takasaki has taken his frustrations of the city's public transportation system to the internet. According to the Toronto Star, Takasaki recently started a Tumblr blog that criticizes who he thinks are inconsiderate people on…

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27 Mar 2013

The 2013 Game Developers Conference in San Francisco revealed the Ontario Technology Corridor as a thriving place for the video game industry.Ontario is Canada's top gaming market in terms of overall industry momentum and company…

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27 Mar 2013

Homebuyers searching for a steal on the market should look at the homes awarded each year from the Princess Margaret Lottery.Last year's grand prize, a 7,000-square-foot home valued at $4.3 million awarded in May, is now…

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25 Mar 2013

A Toronto-based media giant looks to make a splash in the realty market.Rogers Communications, a mobile and cable company, recently announced its application to become a licensed real estate brokerage throughout Canada. The company will…

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25 Mar 2013

There's no stopping the Toronto traffic.Toronto's level of road congestion has surpassed that of Los Angeles, and in order to combat the steady steam of vehicles on local roads, the Toronto Region Board of Trade hopes…

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25 Mar 2013

The Canadian housing market is in a decline, but it has the potential to rise steadily, according to a recent study conducted by the Canadian Real Estate Association (CREA).The CREA reports that housing activity started slowing…

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25 Mar 2013

A Toronto-based gaming studio will flip the off switch at the end of March, according to an employee interview with the Financial Post.Tecmo Koei Canada Inc., a video game console developer and designer of mobile…

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22 Feb 2013

Homeowners throughout Toronto will be moving up within the next few months, according to a report by the realty company Re/Max. The Toronto Star reported that after a decade-long housing slump, houses in the $500,000…

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7 Feb 2013

Canadian real estate analyst Ben Rabidoux will be hosting an event on February 21 that will answer questions some residents may have regarding the current housing market. According to the event’s website, some of the…

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18 Jan 2013

Police are searching for a witnesses after arriving to the scene of an accident. The man who struck a Toronto police officer with his vehicle remained at the scene as he attempted to aid the officer, however, they are asking for people to come forward if theywatched the incident take place.While it isn’t likely anyone was able to snap a photograph while the accident occurred, those types of evidence are always the most sought after. For individuals who are photography enthusiasts and find it harder each day to store all the photos they take on a daily basis, they can rent a Toronto storage unit to take care of the problem.As a result of the crash, the officer suffered broken…

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20 Dec 2012

Toronto's budget committee recently approved a property tax hike that is slightly above what they originally had planned. Increases are expected to be up 2 percent, raising an extra $1.15 million than the initial hike accounted for, the Toronto Star reported.The extra money will be used for grants to community service agencies, local arts organizations, the Toronto Botanical Gardens, lawn bowling clubs and student nutrition.Homeowners in the Toronto area should consider using self storage in the area when buying a property. As prices continue to increase, self storage units provide a convenient money saving option to help a move.“If, at the end of the day, council wants to blow $5 million, $10 million, $20 million, $50 million, I can tell…

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6 Dec 2012

Home prices in Toronto have slowed but are still up 1.6 percent since this time last year and home sales have fallen 16 percent during the same period of time, according to the Toronto Real Estate Board.Business owners looking to supplement the expensive price of renting office space in Toronto should consider conducting business operations out a self storage unit.“Transactions have been down on a year-over-year basis since June, after being up substantially in the last half of 2011 and the first half of 2012,” said Ann Hannah, president of the Toronto Real Estate Board, the Toronto Star reported. "Some buyers pulled forward their decision to purchase, which has impacted sales levels in the second half of 2012.”The land transfer…

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6 Nov 2012

The Canadian economy shrank during August for the first time in six months, according to Statistics Canada, indicating that interest rate increases are evident in the near future.For the many Toronto area small business owners, cheap storage is available that can be used for office space. Entrepreneurs can distance themselves from the volatile housing market conditions that could be even more costly in the current economy.The economy decreased by 0.1 percent in August from July, while the Canadian dollar also fell. Mining, oil/gas extraction and manufacturing all fell during August, while economists say the problems are wide ranging.“There are too many negatives in this report to dismiss the headline weakness as being attributable to just temporary disruptions in some sectors,”…

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2 Nov 2012

Toronto Councillors recently voted on October 31 on whether they should lend a hand to New York City after Hurricane Sandy inflicted a massive amount of damage on the city, the Toronto Star reported. The council decided they will offer help, in order to get the New York City Transit back up and running, if the city wants their help.Those in Toronto area are reminded by storms like Sandy, that it is always a good idea to utilize Toronto storage lockers to house their valuables, in the event of any unexpected losses.Toronto Mayor Rob Ford has placed a call to New York City Mayor Michael Bloomberg's office but has not spoken with him directly.“We have to bend over backwards to…

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26 Oct 2012

The Fall 2012 Canada, U.S. Commercial Real Estate Investment Review released by Avison Young showed that record low interest rates have Canada real estate volumes on the verge of exceeding pre-credit crisis investment levels.While renting or buying office space might be appealing to some business owners, self storage units in Toronto are even cheaper and are adequate for running many business operations.“Everyone wants to own a piece of commercial real estate in the largest and  one of the healthiest markets in the country,” said Robin White, Avison Young, principal and executive vice president, Capital Markets Group, in Toronto. “Investors have been served an entrée of product, ranging from trophy office buildings to redevelopment plays and while some investors are buying…

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10 Oct 2012

Manzoor Moorshed Khan, president of Channel Property Management, was implicated by a Star investigation in September 2011, revealing that he borrowed millions of dollars from condominium corporation in the Greater Toronto Area without them knowing. It is believed at least seven corporations were affected by the alleged fraud, accounting for nearly $20 million in misappropriated funds.Residents in the Toronto area looking to secure their belongings should consider cheap storage in the area.Justice David Brown of the Superior Court recently ruled that Khan and Channel Property Management were responsible for billing corporations for repair to exterior walls, windows and balconies in buildings at 236 Albion Road, while never actually completing the work.Khan filed for bankruptcy last year and fled to his…

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25 Sep 2012

A recent report by Statistics Canada shows more retail sales occurred throughout the country during July than was originally expected.Individuals needing to free up space in their homes from their accumulated retail items should look into cheap storage in the Greater Toronto Area.The data showed that retail sales increased 0.7 percent to the near record $39 billion during July, ahead of the market expectations of 0.2 percent gain."While welcome, we continue to track a flat industry GDP estimate," Mazen Issa, TD Securities analyst told Reuters Canada. "Heading forward, we expect the pace of consumer spending to improve, though it will remain subpar relative to historical standards, suggesting that other sectors of the economy – such as net exports – will…

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24 Sep 2012

Hollywood North has made a comeback in the film and television industry as the industry's finances show spending increased $903 million in 2010, to $1.15 billion in 2011. The Toronto Film Festival also recently came to a close, after 11 days, nearly 300 films and more than 1,000 screenings later.Any Toronto-area film fans looking for portable storage containers for their movie paraphernalia should look into Jiffy self storage.Much of Toronto's spending in 2011 went to the 1990s remake, Total Recall. Prior to the past few years, spending for films was deflated by the financial crisis, 9/11 and SARS. In 2007, Toronto's feature film industry saw a 73 percent drop in spending from 2007 to 2008.Now with increased spending and good…

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