GTA

Supply Remains an Issue Despite Impact of Higher Mortgage Rates

Retrieved on: 
Wednesday, October 5, 2022

TORONTO, Oct. 05, 2022 (GLOBE NEWSWIRE) -- The Greater Toronto Area (GTA) housing market continued its adjustment to higher borrowing costs in September 2022. Sales for the month reached 5,038, but were down by 44.1 per cent compared to September 2021.

Key Points: 
  • TORONTO, Oct. 05, 2022 (GLOBE NEWSWIRE) -- The Greater Toronto Area (GTA) housing market continued its adjustment to higher borrowing costs in September 2022.
  • This was the lowest number of new listings reported for the month of September since 2002.
  • This is especially troublesome given that the stock of homes in the GTA increased markedly over the last 20 years.
  • Recent polling by Ipsos Public Affairs for TRREB1 suggests that the public agrees the lack of housing supply is a key issue in the GTA.

RESCON outlines 15 actions governments must take to boost supply of new housing

Retrieved on: 
Thursday, September 29, 2022

The recommendations are part of a 15-point action plan released by RESCON that outlines changes each government federal, provincial and municipal can make to boost the supply of housing.

Key Points: 
  • The recommendations are part of a 15-point action plan released by RESCON that outlines changes each government federal, provincial and municipal can make to boost the supply of housing.
  • RESCON consulted a wide array of stakeholders who are concerned about the future of housing supply and affordability, from supportive housing builders and operators to developers of major projects.
  • Consultations included planning lawyers, housing advocates and groups, youth, former elected officials, Housing Affordability Task Force members, trade and financial sector organizations.
  • Background on RESCON: RESCON is the provinces leading association of residential builders committed to providing leadership and fostering innovation in the industry.

LAUFT SECURES FIRST INSTITUTIONAL INVESTOR TO INNOVATE THE FUTURE OF WORKSPACES

Retrieved on: 
Tuesday, September 27, 2022

TORONTO, Sept. 27, 2022 /CNW/ - LAUFT Flexible Workspace (MYLAUFT Inc.) ("LAUFT" or the "Company") is pleased to announce the support of its first institutional investor in BKR Capital ("BKR Capital").

Key Points: 
  • TORONTO, Sept. 27, 2022 /CNW/ - LAUFT Flexible Workspace (MYLAUFT Inc.) ("LAUFT" or the "Company") is pleased to announce the support of its first institutional investor in BKR Capital ("BKR Capital").
  • BKR Capital is a VC firm bridging the financing gap by investing in highly promising black founders in the technology space.
  • LAUFT continues to grow its network of on-demand workspaces and will expand its market penetration into a broader range of venues through partnerships across a wide range of verticals.
  • For additional information about LAUFT, please visit our website at www.lauft.work .

Delays in municipal approval timeframes for new housing increased significantly since 2020, adding up to $50,000 to the cost of a condominium apartment

Retrieved on: 
Tuesday, September 27, 2022

In addition, the study found that municipal fees and charges added to new homes continue to escalate significantly, increasing on average by 3036% since the 2020 study.

Key Points: 
  • In addition, the study found that municipal fees and charges added to new homes continue to escalate significantly, increasing on average by 3036% since the 2020 study.
  • This is adding tens of thousands of incremental dollars to the cost of a new home.
  • The size of the project is not a significant factor in how long it takes to gain municipal approval.
  • On a per-square-foot basis, municipal charges are nearly two times higher for high-density housing than for ground-related housing.

Kosmos Energy Provides Further Update on Greater Tortue Ahmeyim FPSO

Retrieved on: 
Tuesday, September 27, 2022

Kosmos Energy (NYSE/LSE: KOS) (Kosmos or the Company) reported on September 15, 2022 that the floating production, storage and offloading vessel (FPSO) for the Greater Tortue Ahmeyim project (GTA) had drifted approximately 200 meters off the quayside following the impact of Typhoon Muifa.

Key Points: 
  • Kosmos Energy (NYSE/LSE: KOS) (Kosmos or the Company) reported on September 15, 2022 that the floating production, storage and offloading vessel (FPSO) for the Greater Tortue Ahmeyim project (GTA) had drifted approximately 200 meters off the quayside following the impact of Typhoon Muifa.
  • Kosmos has been informed by BP, the operator of the GTA project, that the FPSO has been returned to the quayside of the COSCO shipyard in China.
  • Kosmos will give a further project update alongside its third quarter results in early November.
  • Kosmos is a full-cycle deepwater independent oil and gas exploration and production company focused along the Atlantic Margins.

POWER STAFFING SOLUTIONS places No. 2 on The Globe and Mail's fourth-annual ranking of Canada's Top Growing Companies

Retrieved on: 
Friday, September 23, 2022

2 on the 2022 Report on Business ranking of Canada's Top Growing Companies.

Key Points: 
  • 2 on the 2022 Report on Business ranking of Canada's Top Growing Companies.
  • Power Staffing Solutions earned its spot with three-year growth of 10406%.
  • Power Staffing Solutions provides industry-leading expertise and staffing support in Healthcare, Technology and Professional Services under the leadership of Managing Partner Saye Sathiyakumar.
  • Power Staffing Solutions specializes in Healthcare, IT and Professional recruitment and staffing.

New home market quiet in August

Retrieved on: 
Thursday, September 22, 2022

Greater Toronto Area, September 22, 2022 The GTA new home market was quiet in August, with overall sales and inventory levels well below the 10-year average, the Building Industry and Land Development Association announced today.

Key Points: 
  • Greater Toronto Area, September 22, 2022 The GTA new home market was quiet in August, with overall sales and inventory levels well below the 10-year average, the Building Industry and Land Development Association announced today.
  • However, buyers have been able to find product to purchase as builders continue to replenish the inventory pipeline.
  • A balanced market would have 9-12 months of inventory.
  • *Altus Group should be credited as BILDs official source of new home market intelligence.

Kitchen Hub Food Hall Partners with Longo's to Open Toronto's First Virtual Food Hall Within a Grocery Store and the First of its Kind in Canada

Retrieved on: 
Tuesday, September 20, 2022

This opening marks the first ghost kitchen concept to open inside a grocery store in the city and the first of its kind in Canada.

Key Points: 
  • This opening marks the first ghost kitchen concept to open inside a grocery store in the city and the first of its kind in Canada.
  • Kitchen Hub, known for providing unbelievable takeout, has four new kitchens at Longo's Liberty Village.
  • Longo's ready-to-eat items like housemade pizza, bento sushi boxes, salads, roasted chickens and all-day breakfast will also be available.
  • As Canada's first virtual food hall, Kitchen Hub is revolutionizing the takeout and delivery industry by bringing celebrated restaurants together under one roof.

Habitat for Humanity GTA Women Build Returns to Toronto

Retrieved on: 
Monday, September 19, 2022

TORONTO, Sept. 19, 2022 (GLOBE NEWSWIRE) -- Habitat for Humanity Greater Toronto Area (Habitat GTA) volunteers, staff, future homeowners, Toronto Mayor John Tory, Deputy Mayor Ana Bailo and many more gathered to launch Women (re)Build today in Toronto.

Key Points: 
  • TORONTO, Sept. 19, 2022 (GLOBE NEWSWIRE) -- Habitat for Humanity Greater Toronto Area (Habitat GTA) volunteers, staff, future homeowners, Toronto Mayor John Tory, Deputy Mayor Ana Bailo and many more gathered to launch Women (re)Build today in Toronto.
  • The first Women Build event in Toronto was held in 2009, as a unique fundraiser that taps into the unbreakable spirit of women.
  • All proceeds go towards building Habitat Homes throughout the GTA, with active build sites currently in Toronto, Brampton and Oshawa.
  • Habitat for Humanity GTA Women (re)Build 2022 runs September 19 29 (except Sunday) at 423 Old Weston Rd.

Kosmos Energy Provides Update on Greater Tortue Ahmeyim FPSO

Retrieved on: 
Friday, September 16, 2022

Kosmos Energy (NYSE/LSE: KOS) (Kosmos or the Company) has been informed by BP, the operator of the Greater Tortue Ahmeyim project (GTA), of the impact of Typhoon Muifa which passed through the COSCO shipyard in Qidong in China yesterday.

Key Points: 
  • Kosmos Energy (NYSE/LSE: KOS) (Kosmos or the Company) has been informed by BP, the operator of the Greater Tortue Ahmeyim project (GTA), of the impact of Typhoon Muifa which passed through the COSCO shipyard in Qidong in China yesterday.
  • The floating production, storage and offloading vessel (FPSO) for GTA is being constructed at the COSCO yard.
  • During the typhoon, the mooring lines of the FPSO became compromised, resulting in the vessel drifting approximately 200 meters off the quayside.
  • Kosmos is a full-cycle deepwater independent oil and gas exploration and production company focused along the Atlantic Margins.