GTA

Provincial goal of building 1.5 million homes will not be realized without adequate land supply

Retrieved on: 
Monday, December 11, 2023

This will jeopardize the provincial objective of building 1.5 million new homes and undermine efforts to address housing supply and affordability.

Key Points: 
  • This will jeopardize the provincial objective of building 1.5 million new homes and undermine efforts to address housing supply and affordability.
  • “We are already in a housing supply deficit,” said Dave Wilkes, BILD President and CEO.
  • Looking forward to 2051, with even higher targets for high-density apartments, we can anticipate this shortfall to increase.
  • Following the reduction of land supply by the 2023 provincial “resetting” of official plan approvals, the housing shortfall could increase to 206,800 grade-related homes (10,400 ha) plus any shortfall in apartment growth.

TRREB: Elevated Borrowing Costs Taking a Toll on Housing Affordability

Retrieved on: 
Tuesday, December 5, 2023

“Inflation and elevated borrowing costs have taken their toll on affordability.

Key Points: 
  • “Inflation and elevated borrowing costs have taken their toll on affordability.
  • This has been no more apparent than in the interest rate-sensitive housing market.
  • “Home prices have adjusted from their peak in response to higher borrowing costs.
  • We have seen some productive policy decisions recently that should help with housing affordability, including allowing existing insured mortgage holders to switch lenders without the stress test.

Minister Freeland’s inaction jeopardizes 128,000 new units of purpose-built rental housing supply coast to coast

Retrieved on: 
Tuesday, November 28, 2023

This, despite the fact that PBR development companies have pledged to reinvest any savings from current projects realized from an extension into new rental housing projects, further increasing much needed rental supply.

Key Points: 
  • This, despite the fact that PBR development companies have pledged to reinvest any savings from current projects realized from an extension into new rental housing projects, further increasing much needed rental supply.
  • “Virtually every PBR project coast to coast is struggling under very harsh economic conditions.
  • The companies building these 128,000 new rental units are facing the stark choice of halting the project, or converting what would have been rental units to condominiums for sale.
  • Effectively the government’s decision not to extend the exemption to rental units under construction jeopardizes the addition of near-term supply.

GTA new home market flat in October

Retrieved on: 
Tuesday, November 28, 2023

“October new home sales eased across the GTA while inventory levels continued to climb,” said Edward Jegg, Research Manager with Altus Group.

Key Points: 
  • “October new home sales eased across the GTA while inventory levels continued to climb,” said Edward Jegg, Research Manager with Altus Group.
  • There were 568 single-family home sales in October, up 47 per cent from October 2022 and 51 per cent below the 10-year average.
  • The sooner the market gets indications that more moderate interest rates are on the horizon, the sooner we will see more added housing supply.
  • *Altus Group should be credited as BILD’s official source of new home market intelligence.

Pizza Nova offers limited edition, commemorative 60th anniversary tote bag as part of fundraiser for SickKids this Holiday Season

Retrieved on: 
Monday, November 27, 2023

Toronto, Nov. 27, 2023 (GLOBE NEWSWIRE) -- This holiday season, Pizza Nova will offer its 60th anniversary tote bag, featuring the brand’s renowned “Ciao” greeting, to help raise funds for SickKids Foundation.

Key Points: 
  • Toronto, Nov. 27, 2023 (GLOBE NEWSWIRE) -- This holiday season, Pizza Nova will offer its 60th anniversary tote bag, featuring the brand’s renowned “Ciao” greeting, to help raise funds for SickKids Foundation.
  • In 2022, Pizza Nova launched a memorable Vespa tree ornament, which attained its goal of raising the same amount.
  • “Supporting our local communities has been a priority of ours since day one,” says Domenic Primucci, president of Pizza Nova.
  • For more information on Pizza Nova, pizzanova.com or follow the company on social media at @pizzanova.

Laura Walton, Ahmad Gaied, Jackie Taylor elected to lead the Ontario Federation of Labour on platform of worker power, political education, and organizing to win

Retrieved on: 
Tuesday, November 21, 2023

“Workers are ready to meet this moment with positive solutions and building a movement with the resolve to win.

Key Points: 
  • “Workers are ready to meet this moment with positive solutions and building a movement with the resolve to win.
  • Laura has served as the president of the Canadian Union of Public Employees’ Ontario School Boards Council of Unions (OSBCU) since 2019.
  • In addition to her role with OSBCU, Laura also serves on the CUPE Ontario Executive Board.
  • Jackie is committed to continuing the work and mission of the OFL and its affiliates and to a united labour movement, especially on the political front.

Interim results for the period ended September 30, 2023

Retrieved on: 
Tuesday, November 21, 2023

Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements.

Key Points: 
  • Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements.
  • You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
  • Actual results may differ materially from those expressed or implied by such forward-looking statements.
  • To the best of our knowledge, the interim report for the three and nine months ended September 30, 2023, includes a fair review of important events that have occurred during the period and their impact on the interim unaudited consolidated financial statements, the principal risks and uncertainties for the remaining period of 2023 and major related party transactions.

CER approves TNPI's Incentive Tolls Settlement Agreement

Retrieved on: 
Tuesday, December 19, 2023

CALGARY, AB, Dec. 19, 2023 /CNW/ - Today, the Commission of the Canada Energy Regulator (CER) approved the Trans-Northern Pipelines Inc. (TNPI) Incentive Tolls Settlement Agreement (ITSA).

Key Points: 
  • CALGARY, AB, Dec. 19, 2023 /CNW/ - Today, the Commission of the Canada Energy Regulator (CER) approved the Trans-Northern Pipelines Inc. (TNPI) Incentive Tolls Settlement Agreement (ITSA).
  • A key feature of the ITSA, beginning in 2025, enables the TNPI System to be separated into two segments to determine tolls.
  • The approved ITSA is a shift from the current rolled-in approach, where all shippers were charged tolls based on the costs of the entire TNPI System.
  • The ITSA replaces a previous tolling agreement called the Incentive Tolls Settlement (ITA) from 1996.

Forty Creek® Canadian Whisky and Metrolinx Will Provide Free Rides on GO Transit and UP Express on New Year's Eve

Retrieved on: 
Tuesday, December 19, 2023

TORONTO, Dec. 19, 2023 /CNW/ - Forty Creek, the award-winning Canadian whisky brand, and Metrolinx have announced they will be teaming up once again to provide free rides to all commuters on GO Transit and UP Express this New Year's Eve.

Key Points: 
  • TORONTO, Dec. 19, 2023 /CNW/ - Forty Creek, the award-winning Canadian whisky brand, and Metrolinx have announced they will be teaming up once again to provide free rides to all commuters on GO Transit and UP Express this New Year's Eve.
  • Those individuals with an even longer journey home on New Year's Eve could also take advantage of the UP Express with free rides to Toronto Pearson Airport available until the end of service.
  • "At Forty Creek, we believe in better, and what better way to get home from the celebrations safely and affordably than with a free ride on the UP or GO Transit?"
  • For the full GO Transit and UP Express New Year's Eve schedules, please visit the Metrolinx website here .

FLNG Gimi delivered from Seatrium Shipyard and sailing for GTA

Retrieved on: 
Sunday, November 19, 2023

Golar LNG Limited (“Golar”) is pleased to announce that the FLNG Gimi departed Singapore’s Seatrium Shipyard today, November 19, 2023.

Key Points: 
  • Golar LNG Limited (“Golar”) is pleased to announce that the FLNG Gimi departed Singapore’s Seatrium Shipyard today, November 19, 2023.
  • FLNG Gimi is now sailing under its own propulsion, supported by an escort tug, toward BP’s purpose-built Greater Tortue Ahmeyim (“GTA”) hub offshore Mauritania and Senegal.
  • Golar CEO Karl-Fredrik Staubo commented: “Golar is pleased to complete conversion of the FLNG Gimi.
  • We would like to thank Seatrium, Black and Veatch and other suppliers for another successful FLNG delivery.