7 Dec 2011

Home sales up 11 percent in November

There may soon be a run on storage units in the city, as more people are purchasing properties in the Greater Toronto Area.According to the Toronto Real Estate Board, there were approximately 7,100 residential transactions in November, which indicates home sales are up more than 11 percent when compared to the same period last year."We have seen strong annual sales growth through the 2011 fall market," said Richard Silver, TREB president. "The increase in transactions has been broad-based, with strong growth across low-rise and high-rise home types throughout the [GTA]."He added that while more people are buying homes, supply levels have been able to keep up with demand, as annual listings growth superceded sales. This may set up a strong first half of 2012.What also increased in November was the average price of a residence in Toronto. According to the report, the average sales price was $480,400, which is 10 percent more than what the average home sold for during…

Comment
22 Nov 2011

For the most part, Ontarians will be budget-conscious when they're out shopping for holiday gifts and restricting how much they spend for Christmas.The poll, conducted on behalf of the Canadian Imperial Bank of Commerce, found that 67 percent of respondents from Ontario said they would stay within their budget and pay for items chiefly by cash or credit card. Eighty-eight percent also said they would either spend less or about the same as they did in 2010.While respondents said they'd mainly shop for items with cash or debit, paying via credit card was a common response as well, as 31 percent said they would purchase gifts through credit. When asked why, a majority of those polled said it was to…

Comment
8 Nov 2011

A new survey details what Canadians are hoping to find waiting for them under the Christmas tree this year.The survey, conducted by Vision Critical on behalf of a leading office retail chain, found that 60 percent of Canadians would like some type of technology gift this year.When respondents were asked to define what type of technological device they would like, 16 percent said they wanted a tablet, followed by laptops at 10 percent, cameras at 6 percent and e-readers at 5 percent.Commenting on the study, Rich Atkinson, vice president of marketing for the office supply retailer, said the survey's results are an indication there is a strong desire among Canadians to upgrade their existing technology belongings.Should Canadians get the latest…

Comment
19 Oct 2011

The Toronto Real Estate Board is out with a new housing report, and once again, sales are up in the GTA.According to the TREB, there were approximately 3,500 transactions through the first 14 days of October, a 20 percent increase when compared to the same two-week stretch one year ago, when nearly 2,900 sales were reported. On a year-over-year basis, new listings also rose when compared to October 2010, with 6,249 reported during the period."The first two weeks of October seem to be pointing towards more balanced market conditions as we move toward 2012," said Richard Silver, TREB president. "A growing number of home owners are reacting to the above average price growth reported this year and have decided to…

Comment
18 Oct 2011

Confirming several other reports, a new study finds that office space in the Greater Toronto Area is hard to find due to strong performances from many businesses. According to Colliers' International Market Report, availability of office space dipped to just under 5 percent in the second quarter, the lowest level observed since the third quarter of 2008. Much of the decline was located in the GTA North and West markets. Despite vacancy rates being low, the report also found that there hasn't been much office space development to counteract the shortage. Colliers says "only a few" new construction projects are underway. However, demand for office space has subsided, the report notes. Still, the lack of development can pose a problem…

Comment
13 Sep 2011

In what's being described as an ambitious undertaking, Habitat for Humanity Toronto is looking to build a couple of barrier-free homes for two low-income families with disabilities in a week and a day.According to the nonprofit charitable housing organization, the eight-day effort – which has been dubbed the 9-1-1 Build – will bring together a variety of Toronto public service organizations including Toronto Police, Fire and Emergency Medical. Those involved will attempt to build the homes from start to finish in eight days.Habitat for Humanity released a tentative agenda for the effort. For instance, on September 17, building will begin and several political representatives will be on hand to officially launch the effort. By Saturday, September 24, it's anticipated that…

Comment
9 Sep 2011

A motley crew of major Hollywood directors, producers and actors will be at this year's Toronto Film Festival, which officially kicked off September 8.The annual festival, which will last for 11 days, allows Ontarians and the Canadian public in general to interact with some of the movie industry's finest talent. At this year's TIFF, filmmaker and Academy Award winner Davis Guggenheim will be in attendance, as well as Jonathan Demme, Cameron Crowe and Albert Maysles.Guggenheim is noted for his documentary "An Inconvenient Truth," for which he won an Oscar. Crowe earned an Academy Award as well for Best Original Screenplay for the film "Almost Famous."Demme is best known for the 1990s thriller "The Slience of the Lambs," while Maysles' signature…

Comment
14 Jul 2011

What’s the secret to happiness for Canadians? According to a recent survey, the answer is vacation time and family togetherness. A new poll by Coca-Cola indicates that nothing makes Canadians more joyful than spending weekend vacations with their loved ones and friends, with 87 percent saying as much. In celebration of its 125th anniversary, the cola conglomerate surveyed 5,000 Canadians about what made them the most cheerful. Nicola Kettlitz, president of Coca-Cola, said they received a wide variety of responses but vacation and family were the most common ones. “The study told us that Canadians have a lot to say on the topic of happiness and as a nation, we share many common points of view,” said Kettlitz. “Our stunning…

Comment
13 Jul 2011

When the weather warms in Ontario, the spending ramps up as well – at least that’s what a recent poll suggests. According to a survey conducted by TD Canada Trust, 67 percent of Ontarians say they spend more in the summer months, largely as a result of feeling happier. Other findings from the survey found that nearly three out of every four of the province’s residents aren’t as regimented with their savings and spending goals in the summertime, with 51 percent saying they often have outstanding bills when the temperatures rise and 38 percent indicating they save less. “Summer is a great time to relax and have fun with friends, but it doesn’t mean you should take a vacation from…

Comment
13 Jul 2011

Toronto area consumers who like to shop ’til they drop may be excited by a recent announcement. Joe Fresh, one of Canada’s largest clothing and jewelry retailers for men and women in the country, recently announced it will open four new stand-alone stores in Quebec and Ontario, three of which will be in Toronto. The retailer says the first will open at the Golden Mile later this month, another will be at The Gardens and the third will be located at Queen and Portland. The latter two of the three stores are scheduled to be ready by October or November. “We have had a fabulous response to the Joe Fresh stores opened so far and continue to look for additional…

Comment
7 Jul 2011

For most Canadians, buying a home will be the biggest purchase they’ll ever make in their lives, and according to a new survey, many of them will be making that significant decision this year. According to a survey sponsored by Genworth Financial Canada, the number of people planning on buying their first home this year rose to 11 percent, a sharp increase compared to the 6 percent who said the same thing in 2010. “Canadians recognize that one of the best steps towards financial security is owning a home,” said Debbie McPherson, senior vice president of sales and marketing for Genworth Financial Canada, a private mortgage insurer. The survey also detailed what groups of first-time homebuyers were most likely to…

Comment
6 Jul 2011

Torontonians have a new place to conduct some of their bank business, as TD Canada Trust recently opened a new branch to serve the GTA’s residents. “We’re very thrilled to celebrate the opening of our new concept branch and be part of such a wonderful and vibrant community,” said Jarod Phillips, branch manager for TD Canada Trust. “The many innovative features here allow us the opportunity to serve our customers in a completely new way – regardless of what they need, our customers have access to solutions and great advice in a welcoming atmosphere.” Included among the features at the new branch are web kiosks that allow customers to access their accounts easily, and a customer lounge with a coffee…

Comment
10 Jun 2011

Home run league leader Jose Bautista and the Toronto Blue Jays hope to make up ground in the American League East this weekend as the Boston Red Sox come to town. The Blue Jays are coming off a 3-2 loss to the Kansas City Royals Thursday, which caused them to split the four-game series. While Bautista has performed well at the dish this year – reaching base safely 52 times in 55 games and leading the league in both home runs and RBIs – the Associated Press reports he’s struggled against the Red Sox, sporting a batting average of .185 in the past seven meetings. Toronto will send Jo-Jo Reyes to the mound, who will try to win his third-straight…

Comment
9 Jun 2011

In the Vancouver Canucks’ 41-year history, the franchise has never brought Lord Stanley’s Cup home. After last night’s loss to the Boston Bruins, the chase for the sport’s ultimate prize is knotted up. In enemy territory, Vancouver lost to the Bruins 4-0 Wednesday after another sub-par night from Canucks goalie Roberto Luongo, who was pulled from the net in the third period. In the past two games, Luongo has surrendered 12 goals. The series is now tied, 2-2. Luongo, who some believe may not start in Game 5, told the Associated Press that the team plans on capitalizing on their home-ice advantage. “[It’s] what we’ve worked for all season,” Luongo told the AP. “We need to get playing the way…

Comment
8 Jun 2011

People who were up in the early morning hours on June 7 had a sight to behold, as much of the Greater Toronto Area was hit with thunder and lightning that left 20,000 residents in the dark. According to the National Post, Environment Canada issued a severe storm watch around 1 a.m., but soon thereafter it became a warning, as much of the storm activity took place between 4:30 and 6 a.m. The paper reports the warning was lifted around 7 a.m. CBC News meteorologist Johanna Wagstaffe told the news service that the weather front quickly moved to the south of the city. While there were no reports of injuries, fire officials say there were at least three fires in…

Comment
7 Jun 2011

Toronto may not be playing host to more Americans, but it is getting more tourists from distant lands. According to a Tourism Toronto report, the GTA was frequented by international travellers last year from every major European or Asian country, including Germany, Japan and South Korea, adding more than $180 million to the city’s coffers. Tourists from the United Kingdom were particularly prevalent last year, as over 200,000 visitors were from the U.K. China was another common country of origin for sightseers. The study also detailed where Toronto fared in tourism compared to other North American cities. With hotel occupancy increasing nearly 10 percent from 2009, Toronto is the sixth most frequented North American city, jumping four spots. New York…

Comment
2 Jun 2011

Any suggestions that Toronto will not have a professional football team may have been a been premature, as Mayor Rob Ford continues to believe an NFL franchise coming to Toronto is a distinct possibility. Speaking to an assemblage of reporters at Toronto’s 100th Grey Cup Festival, Ford tried to set the record straight. “I can’t answer [when], but I’ll tell you one thing, before our four-year term is up, hopefully we’ll have an NFL team here,” said Ford, according to the Globe and Mail. “We’re pretty confident. How can the NFL keep ignoring the fourth-largest market in North America?” Some Torontonians may be skeptical of Ford’s assertions, as earlier this year, Ford’s brother, Etobicoke North city councilor Doug Ford, said…

Comment
19 May 2011

Toronto hoops fans were on pins and needles earlier this week when the NBA held their annual draft lottery, hoping to net the number one overall pick. It wasn’t to be, however, as the Toronto Raptors will pick from the five-hole this June. The Raptors sent the general manager Bryan Colangelo to represent the organization, the first time he’s been there since 2006, when Toronto selected Andrew Bargnani with the top pick. The 7’0″ center turned out to be solid pick for the franchise, as over the four years Bargnani’s played at the Air Canada Centre he’s averaged 15 points, four rebounds and 30 minutes played. But it was the Cleveland Cavaliers’ night, as the team not only earned the…

Comment
11 May 2011

A report on how Toronto’s high school students are doing is in, and by the looks of it, teenagers’ grades are on the way up. According to the Fraser Institute’s annual report card on Ontario’s secondary schools, high schoolers are performing better on standardized testing than they have been, with 26.9 percent scoring below average, a marked improvement from the 30 percent underperforming in the 2005-2006 school year. Michael Thomas, associate director for the Fraser Institute, projected confidence for the future of Ontario’s students. “This is a promising trend for Ontario schools,” said Thomas. “But with more than a quarter of exams still falling below the provincial standard, there is room for academic improvement across the province.” The study looked…

Comment
Recent Posts Blog Categories Archives Subscribe to RSS Feeds
Essential SSL