GTA

Leaders of Toronto’s Professional Immigrant Associations and Employers Convene to Learn About the Impact of Underemployment on Immigrants and the Canadian Economy

Retrieved on: 
Monday, February 26, 2024
Xchange, Greater Toronto Area, Yonge Street, The Conference Board, Toronto-Dominion Bank, Conference, Perseverance, Fireside chats, Organization, GTA, Occupation

The event is designed to raise awareness about the impact of underemployment on immigrant professionals and the Canadian economy.

Key Points: 
  • The event is designed to raise awareness about the impact of underemployment on immigrant professionals and the Canadian economy.
  • The event will bring together employers, immigrant serving agencies, government representatives, and leaders of professional immigrant associations in the Greater Toronto Area (GTA) for an evening of knowledge sharing and networking.
  • TRIEC’s Professional Immigrant Networks (PINs) initiative, consists of 84 associations with a total membership of over 120,000 immigrant professionals in 22 different occupations and industries.
  • PINs associations are volunteer-led, member-based organizations with an employment focus, run by and for immigrant professionals.

Fraser Institute News Release: Despite recent progress, municipal and provincial policies still impede new home construction in Ontario

Retrieved on: 
Thursday, February 22, 2024
Bangladesh Technical Education Board, Public policy, Entrepreneurship, Greater Toronto Area, Quality of life, Government, Barrier, GTA, Fraser Institute, Real, Housing, Research, Real estate

Barriers to home construction in Ontario include:

Key Points: 
  • Barriers to home construction in Ontario include:
    Onerous building requirements: These include zoning bylaws and design guidelines that restrict building opportunities—for example, certain land zoned for residential use may allow only single-detached homes.
  • Costs of approval timelines: Individuals and firms wishing to build in Ontario often endure long wait times for permit approvals from various government departments, which increases the costs of building.
  • High land costs: Several provincial policies restrict land available for development, which increases prices for remaining land and drives up overall housing costs.
  • High development fees: Local governments levy fees including application and permit fees and “community benefits” fees, which all drive up the cost of housing development.

Housing study: Reported inventories overstate supply of “shovel ready lots” - use it or lose it policies must be informed by facts

Retrieved on: 
Thursday, February 22, 2024
MCIP, Greater Toronto Area, KPEC, BILD, City, Data collection, Interim, Human, PLE, ADU, Region, GTA, Policy, Construction, Interview, RPP, Housing, Water, Civil engineering

Housing completions are also at a 33-year high, underscoring that claims of ‘sitting of supply’ do not match the reality on the ground,” said Justin Sherwood, SVP Communications & Stakeholder Relations at BILD.

Key Points: 
  • Housing completions are also at a 33-year high, underscoring that claims of ‘sitting of supply’ do not match the reality on the ground,” said Justin Sherwood, SVP Communications & Stakeholder Relations at BILD.
  • Based on the goal of achieving 150,000 units per year, this represents only 2.2 years of supply.
  • Claiming 150,000 of additional housing would arise from the conversion of existing housing stock to multiplexes, basement units, and accessory dwelling units (ADU).
  • KPEC’s areas of focus include areas where the fields of land use planning, urban economics and municipal finance overlap with City building.

Government of Canada announces federal support for auto theft investigations and stolen vehicle recovery

Retrieved on: 
Wednesday, February 21, 2024
Theft, Canada Border Services Agency, Violence, Artificial intelligence, The Criminal Code, Vins, RCMP, Service, Intelligence, Partnership, Assault, Firearm, Criminal code, Contribution, Public security, Government, Crime, Arrest, Ontario Provincial Police, SPVM, Transport, Research, GTA, Knowledge, Flipper Zero, Initiative, Police, CBSA, Organized crime, OPP, Commissioner, Law enforcement, Insurance, INTERPOL, Drug

Modernizing the Canadian Motor Vehicle Safety Standards to ensure they consider technological advancements to deter and prevent auto theft.

Key Points: 
  • Modernizing the Canadian Motor Vehicle Safety Standards to ensure they consider technological advancements to deter and prevent auto theft.
  • As was highlighted at the recent National Summit on Combatting Auto Theft, collaboration is essential to combatting this crime efficiently.
  • Canada has strong laws in place to address auto theft at various stages of the crime.
  • Some stolen vehicles also remain in Canada enabling other crimes to be committed with the vehicles and are destroyed afterwards.

Sleep Country Brings the Power of Sleep to Etobicoke with New Store Location

Retrieved on: 
Friday, February 16, 2024
Senior, TSX, Transport, Sleep, Ontario Highway 401, Business development, Country, Etobicoke North, Unit, Toronto Transit Commission, GTA

ETOBICOKE, ON, Feb. 16, 2024 /CNW/ - Sleep Country Canada Holdings Inc. ("Sleep Country" or the "Company") (TSX: ZZZ), Canada's leading specialty sleep retailer, is pleased to announce its new store opening in Toronto's Etobicoke neighbourhood.

Key Points: 
  • ETOBICOKE, ON, Feb. 16, 2024 /CNW/ - Sleep Country Canada Holdings Inc. ("Sleep Country" or the "Company") (TSX: ZZZ), Canada's leading specialty sleep retailer, is pleased to announce its new store opening in Toronto's Etobicoke neighbourhood.
  • Strategically situated along major transportation routes, the new store will seamlessly connect more Canadians to the transformative benefits of quality sleep.
  • As leaders in sleep for nearly 30 years, Sleep Country's new location will provide Torontonians with access to a team of Sleep Experts and some of the world's leading sleep brands.
  • Sleep Country knows that getting a good night's sleep is critical to mental and physical wellbeing, and is committed to creating a world-class customer shopping experience.

PLDT Selects GTA’s GNC iX Data Center as Strategic Point of Presence in Guam

Retrieved on: 
Tuesday, February 13, 2024
Data Management, Technology, Other Technology, Telecommunications, 5G, Networks, Carriers and Services, Multimedia, Growth, PLDT, Data center, Pop, Ecosystem, GTA, IP, GNC, Point of presence, Partnership, Airline

View the full release here: https://www.businesswire.com/news/home/20240211791082/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240211791082/en/
    GTA CNC iX Data Center - Piti, Guam (Photo: Business Wire)
    "We are excited to partner with PLDT Global.
  • GTA's GNC iX Data Center offers a host of unparalleled benefits that align seamlessly with PLDT's commitment to delivering top-tier services.
  • By utilizing GTA's GNC iX Data Center as our new Point of Presence, PLDT Global is poised to deliver increased value to our customers, offering enhanced network performance and a diverse array of connectivity options.” He further added, “This strategic alliance represents a transformative moment for PLDT Global, actively shaping the future landscape of global connectivity.
  • With GTA's GNC Data Center serving as a key point of presence, Guam continues to solidify its position in the Asia Pacific region as an essential hub in global telecommunications.

Government of Canada hosts National Summit on Combatting Auto Theft

Retrieved on: 
Thursday, February 8, 2024
Vins, Public security, The Honourable, Crime, Public Safety Canada, Law enforcement, Department of Justice (Canada), Treasury Board of Canada, Firearm, Intelligence, Artificial intelligence, Provincial, Government, The Criminal Code, Assault, RCMP, Canada Border Services Agency, OPP, Treasury, Initiative, Ontario Provincial Police, Flipper Zero, Justice, Transport Canada, Insurance, Theft, Police, Criminal code, Violence, Safety, Federation, Transport, GTA, CBSA, Summit

Discussions held at the Summit focused on finding solutions to the growing challenge of auto theft in Canada.

Key Points: 
  • Discussions held at the Summit focused on finding solutions to the growing challenge of auto theft in Canada.
  • Transport Canada will modernize the Canadian Motor Vehicle Safety Standards to ensure they consider technological advancements to deter and prevent auto theft.
  • "I want to thank all participants in today's Summit for coming together with one objective in mind – combatting auto theft.
  • Canada has strong laws in place to address auto theft at various stages of the crime.

TRREB: Home Sales Expected to Reach 77,000 in 2024

Retrieved on: 
Thursday, February 8, 2024
Ipsos, Population growth, GTA, Government, Sale, Unemployment, Housing

“Demand for ownership housing in the GTA will start improving in 2024.

Key Points: 
  • “Demand for ownership housing in the GTA will start improving in 2024.
  • Record population growth, a resilient economy, low unemployment and declining mortgage rates in the second half of the year will result in increased home sales compared to 2023.
  • This will be the start of a multi-year recovery as some households will still face affordability challenges, even as borrowing costs begin trending lower.
  • There will be a total of 77,000 sales in 2024.

Government of Canada announces federal investment to combat export of stolen vehicles

Retrieved on: 
Wednesday, February 7, 2024
Police, Summit, Policy, Intelligence, Risk management, The Criminal Code, Arrest, RCMP, Agency, Criminal code, Ontario Provincial Police, Government, Observation, Crime, Public security, Firearm, Theft, OPP, CBSA, Port, Vins, Artificial intelligence, Investment, Law enforcement, Assault, Documentation, Data mining, Greater Toronto Area, Violence, Canada Border Services Agency, Gun, GTA, Movement, Drug

Nationally, the CBSA has increased its efforts, intercepting 463 stolen vehicles in 2018 to more than 1,800 interceptions of stolen vehicles in 2023.

Key Points: 
  • Nationally, the CBSA has increased its efforts, intercepting 463 stolen vehicles in 2018 to more than 1,800 interceptions of stolen vehicles in 2023.
  • Some stolen vehicles also remain in Canada, enabling other crimes to be committed with the vehicles.
  • The Agency's role in the interdiction of stolen vehicles is the last line of defence before stolen vehicles are exported from Canada.
  • Build the CBSA's policy and program capacity required to guide, support and coordinate investments to interdict suspected stolen vehicles in Canada.

TRREB: Tighter Market Conditions in January 2024 When Compared to the Previous Year

Retrieved on: 
Tuesday, February 6, 2024
Policy, Growth, Bank of Canada, Superintendent, Pressure, Research, Housing, Tax, OSFI, Composite, Financial institution, HPI, Bank, GTA, Province, Movement, Real estate

The resulting tighter market conditions when compared to the same period a year earlier, potentially points toward renewed price growth as we move into the spring market.

Key Points: 
  • The resulting tighter market conditions when compared to the same period a year earlier, potentially points toward renewed price growth as we move into the spring market.
  • There were 4,223 sales reported through TRREB’s MLS® System in January 2024 – an increase of more than one-third compared to January 2022.
  • Stronger sales growth relative to listings suggests buyers experienced tighter market conditions compared to a year ago.
  • On Thursday, February 8, TRREB is releasing its 2024 Market Outlook and Year in Review report and digital digest.