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View Article  City of Toronto Labour Dispute

June 23, 2009 - 11:05 a.m.

The Toronto Civic Employees' Union Local 416 (CUPE) and the Canadian Union of Public Employees (CUPE) Local 79 have announced that they are on strike. The locals were in a legal strike position as of 12:01 a.m. on Monday, June 22, 2009.

Residents and businesses with questions about the contingency plans may Access Toronto at accesstoronto@toronto.ca or
416-338-0338 / TTY 416-338-0889. Access Toronto is open 24 hours a day, 7 days a week. Residents may call after normal business hours when call volumes may be lower. Updated information about all City services, programs and facilities is also available at www.toronto.ca.

Police, Fire, TTC and Long Term Care Homes & Services (Homes for the Aged) will not be affected by a labour disruption. In the event of a labour disruption, emergency calls for ambulance/paramedic services will continue as usual. Non-emergency and low priority calls may be affected.

The City’s water supply and sewage treatment systems will continue to function within established safety and quality standards.  


The following service adjustments will be in place for the duration of a strike by the Canadian Union of Public Employees Local 79 and the Toronto Civic Employees’ Union Local 416 (CUPE).





View Article  Province offers new home tax break
Jun 19, 2009 11:13 AM Robert Benzie Queen's Park Bureau Chief Premier Dalton McGuinty's Liberals are sweetening the pot in a bid to make the controversial harmonized sales tax more palatable to Ontarians. In a surprise move this morning, the government announced it was capitulating to homebuilders' demands by effectively reducing taxes proposed on new homes. Under the change, buyers of new homes in all price ranges would receive a 75 per cent rebate of the 8 per cent provincial portion of the HST on the first $400,000 of the cost. In the March 26 budget, Finance Minister Dwight Duncan had said that while people purchasing new homes costing less than $400,000 would be eligible for the tax break, those buying more expensive homes would get little relief. It would have been a recipe for disaster for consumers and developers because there would be a gradual increase in taxes on homes costing between $400,000 and $500,000 and a massive one on those priced above $500,000. For residents of Greater Toronto, where homes are more expensive than in the rest of Ontario, it would have been especially onerous. "During these challenging economic times, the McGuinty government's enhanced housing rebate would improve affordability for more homebuyers – increasing the most generous housing rebate of its kind in Canada," Duncan, who was not available for comment, said in a news release. The Liberals also announced a new rebate to encourage builders to construct rental housing units. The HST, which will blend the 8 per cent provincial sales tax and the 5 per cent federal GST, is to come into effect July 1, 2010. Since it was announced early this spring, the government has weathered an avalanche of criticism because the business-friendly levy will increase taxes on gasoline, heating fuel, funerals, newspapers, fast-food value meals, legal services and a slew of other things. A Toronto Star-Nanos Research poll last month found 67 per cent of people polled have a negative view of the melded tax compared to 23 per cent seeing it as positive and 10 per cent unsure.   more »
View Article  May 2009 Industrial Space Leased

Over 600,000 Square Feet Leased In May

June 17, 2009 -- TREB Commercial Members reported 644,130 square feet of space leased in May through the TorontoMLS® system, reported Commercial Council Chair Garry Lander. “While still below 2008 levels, this figure represents an improvement over the first four months of the year,” said Mr. Lander.

Allen Mayer

www.commercialtoronto.com

 

 

View Article  May 2009 Resale Housing Sales Higher than Last Year

June 2, 2009 -- In May 2009, Greater Toronto REALTORS® reported 9,589 sales, up almost two per cent from May 2008 – the first annual increase since December 2007. The seasonally adjusted annual rate of sales in May was 81,300.

 

View Article  Harmonized Sales Tax

Harmonized Sales Tax Not Yet in Effect

June 10, 2009 -- The provincial government has announced that it intends to combine the eight percent Provincial Sales Tax with the five percent federal Goods and Services Tax, creating a 13 percent Harmonized Sales Tax (HST). The HST is NOT YET IN EFFECT. The provincial government has indicated that it intends to bring the HST into effect beginning on July 1, 2010. Details regarding any implementation transition rules have not been provided by the provincial government.

Background
• HST will not apply on the purchase price of re-sale homes.
• With regard to newly constructed homes, the provincial government has indicated that it will provide a rebate to ensure that, on average, new homes under $400,000 would not be subject to an additional tax burden. Homes priced between $400,000 and $500,000 would be eligible for a portion of the rebate (detail not yet provided by government), and homes priced above $500,000 would be subject to the full HST.
• HST would apply to services such as moving cost, legal fees, home inspection fees, and REALTOR® commissions.

View Article  Beware Ontario driving while on your mobile phone
Attn: Ontarians using a phone while driving could soon cost you This will probably go into effect sometime after fall. If you don’t already own one, make sure you get a Bluetooth headset or speakerphone before then. Also, make sure you familiarize yourself with your phone’s voice dialing feature (if you have it). Fines will be up to $500 with no demerits points. If you get fined I’m not sure if the province will notify your insurance company.   more »
View Article  Some Good Economic News
  • April 29, 2009, 8:44 AM ET
  • 12 Reasons To Be (Economically) Optimistic

    • By David Wessel

    Ed Yardeni, the loquacious economist offers a dozen happy thoughts about the economy “while we are waiting to see how the swine flu pandemic plays out.”

    His list, distributed in his daily email to clients:

    • (1) In the U.S., consumer confidence rebounded during April.
    • (2) The percentage of consumers who say that jobs are hard to get edged down in April after rising thirteen of the previous fourteen months. This tends to confirm the recent downticks in weekly initial unemployment claims.
    • (3) The home price story isn’t all bad news recently. Indeed, after more than a year and a half of declines, California’s median home price finally managed a meager gain, rising 2.2% month over month.
    • (4) Corning is bringing back some laid off workers on stronger-than-expected demand for glass used in making flat-screen televisions.
    • (5) Sharp is forecasting a strong recovery in profits and sales in all its business divisions during the second half of the year.
    • (6) IBM said Tuesday that it will increase its quarterly dividend by 10% and will repurchase an additional $3bn of its stock.
    • (7) The 4/28 Financial Times reported that the high yield bond market may be starting to open up again. About $7 billion was raised in April, the highest volume since last July.
    • (8) The stock market held up remarkably well on Monday and Tuesday despite nervousness over bank stress tests, swine flu, and the forced downsizing of the U.S. auto industry.
    • (9) The first quarter earnings season is off to a good start as 64% of the 235 S&P 500 companies reporting so far have a positive surprise and all 10 sectors are beating their first-quarter forecast too.
    • (10) Our Fundamental Stock Market Index rose during the week of August 18 as jobless claims edged lower and the Consumer Comfort Index moved higher.
    • (11) Condé Nast has decided to shutter Portfolio after two years of struggle. The introduction of the glitzy magazine about Wall Street launched in the spring of 2007 marked the end of the bull market. Now its demise may mark the end of the bear market.
    • (12) Confidence in the Euro Zone rose in April from a record low in March. The European Commission’s economic sentiment indicator jumped up to 67.2, from a revised 64.7 in March, but remains well below its long-term average of 100. Households and firms are less pessimistic about the outlook.
    View Article  Traditional Brokers losing Agents
    Downturn a boon to new model for realtors
    Traditional brokers losing agents, sales to flat-fee approach
    February 14, 2009

    TONY WONG
    Business Reporter

    Most realtors are seeing a significant slowdown in the real estate market but Arthur Bartram is seeing an increase in overall sales at his realty company

    Bartram's Right At Home brokerage sold more homes than any independent broker in the Greater Toronto Area last year. This February, the company expects to do more sales than last February.

    "We don't mind the word recession – this is a model that thrives during the recession," says Bartram, whose company now boasts 1,200 agents, the largest independent office in the Toronto area.

    Bartram figures his company will do about 20 sales a day in February – far higher than the average brokerage. This is all the more remarkable because the Canadian Real Estate Association reported yesterday that January sales were down 37 per cent from a year earlier.

    The average prices of homes are also down 11.3 per cent to $273,185, or more than $30,000 cheaper than in January 2008, according to the realtors' association.

    "Canadian existing home sales turned in another brutal performance in January," BMO Capital Markets economist Doug Porter said in an economic note.

    "While another particularly harsh winter may have played a small role in the dismal sales figures, there is little doubt that Canadians are hunkering down amid widespread job losses and sagging consumer confidence."

    The association expects average home prices to decline another 8 per cent this year as sales activity falls 16.9 per cent from 2008 levels.

    "Weak consumer confidence is likely to continue squeezing sales activity during the spring home buying season," said CREA chief economist Gregory Klump.

    In a tumultuous market, Bartram's success comes at the expense of other traditional brokerages. His four-year-old company has had a stellar rise because it allows agents to keep 100 per cent of their commissions from every sale instead of the usual two-way split. The company instead charges a flat fee to agents for every transaction, which means more money for the agents, but less for the brokerage.

    Top real estate executives expect an industry shake-out as fewer sales translate into leaner times for realtors. An estimated 20 per cent of Toronto-area agents have been active for only the past two years.

    "We think there will be a considerable contraction in the industry," Michael Polzler, executive vice-president of ReMax Ontario Atlantic Canada, told realtors at the industry's most recent annual general meeting. Underperforming agents who "can't make a living" will be the first casualties, while "brokerages running on thin margins will have to reassess the business model."

    During a downturn when agents are trying to cut expenses – non-traditional agencies such as Right At Home have been the beneficiaries. Bartram notes the number of deals per agent is not increasing, with sales increasing simply because of the growth of the agency.

    "The deal count is down because the market is down. But our agent count is continually going up, which means we are doing more sales because of our sheer numbers," he said.

    During the housing bubble in the late '80s, thousands of agents dropped out of the market. That's likely to happen in the current market as sales volumes drop dramatically. Now, many of those agents are cutting costs and going to brokers such Right At Home that offer an alternative that didn't exist back then.

    "The Canadian housing market remains in a corrective phase," said TD Securities senior economics strategist Charmaine Buskas. She sees a possible silver lining in the federal budget, including the First Time Home Buyers' Tax Credit of up to $750 in tax relief for first time buyers, and in a $5,000 increase to $25,000 in the amount they can take from RRSPs. "This should start to impact activity later in the year, though we remain generally pessimistic."


    Toronto Star

     

    www.allenmayer.com

    View Article  Allen Mayer's Market Focus

    Industrial and Commercial Real Estate

    Commercial Toronto Real Estate

    Industrial Toronto Real Estate

    Warehouse Space in the Toronto GTA Area

    Areas Allen Mayer specializes in

    Brampton

    The City of Brampton makes up the northwest corner of the Greater Toronto Area.Not only is Brampton a great place to live but it also is a great place to work.  Brampton is Canada’s 13th most populated city and has the 10th most active industrial market.

    Brampton is known for it’s low property taxes and in turn offers rental accommodation that is affordable to everyone.  In terms of working in Brampton, there is currently over 7000 businesses which employ over 115 000 employees.  Located off both Highways 401 and 410, Thereby providing accessibility to the City of Toronto.

    PearsonInternationalAirport is about a 10 minute drive down Highway 407 and across Highway 401.  The accessibility to the airport makes Brampton a popular spot for people who travel a lot with their work. Brampton is not a new area like many others in the Greater Toronto Area and still has the small town feeling downtown along Highway 10. 

    Brampton has an extensive public transportation system that is sure to get everyone to where they want go. The City of Brampton combines areas that are both old fashioned as well as some that have been created in recent times. Brampton is sure to have just about everything and is one of the most affordable areas in the Greater Toronto Area to,

    Major companies include, Brafasco, Ford, Rogers Communications, Nortel, Para Paints, Coca-Cola, Nestlé, DaimlerChrysler Canada Ltd., Maple Lodge Farms, Zellers, Loblaw Companies Ltd., Frito Lay Canada, MD Robotics, Parkinson Coach Line, Canadian Tire, and Humpty Dumpty.

    Brampton has a total land area of 265 square kilometres. The City of Brampton is bordered by Highway 50 (Vaughan) to the East, Winston Churchill Boulevard (Halton Hills) to the West, Mayfield Road (Caledon) to the North and the Hydro Corridor (Mississauga) to the South.

     Brampton is served by several major transportation routes: Highway 401 from Toronto is a short distance south in Mississauga, and can be reached by Highway 410, which runs north-south through the middle of the city. Highway 407 runs along the southern portion of the city, just north of the boundary with Mississauga. Steeles Avenue, which runs north of the 407, is another thoroughfare from Toronto. The former Highway 7 (now Regional Road 107 in Brampton) is another east-west corridor, and Highway 427 is located in the city's eastern end.

    Both Canadian National Railways and the Orangeville-Brampton Railway short line (formerly part of the Canadian Pacific Railway line) run through the city, CN's Intermodal Yards are located east of Airport Road between Steeles and the former Highway 7/Queen Street East. The CN Track from Toronto's Union Station, is the Georgetown GO Transit Rail Corridor providing commuter rail and bus services to and from Toronto with rail station stops at Bramalea, Downtown Brampton, and Mount Pleasant. There is GO Bus service to York University and Yorkdale Mall in Toronto. VIA Rail connects through Brampton as part of the Quebec City-Windsor Corridor. The city is served by Brampton Airport for general aviation, and is near Toronto Pearson International Airport for commercial flights. Local transit is provided by Brampton Transit, with connections to other systems such as Mississauga Transit, York Region Transit, and Toronto Transit Commission.

    Brampton is currently planning a new Bus Rapid Transit system, called Acceleride along Main/Hurontario and Queen Streets, which would form the backbone to its bus network. Acceleride received funding from the provincial government in 2006 to begin implementation of this system

     

    Etobicoke

    Etobicoke is west of Central Toronto and in turn east of Mississauga. Starting at LakeOntario, Etobicoke stretches to the north as far as Steeles Avenue. New Toronto, which is located in the southern region of Etobicoke, is an interesting little community that really has an old fashioned feel to it.  Running through the centre of Etobicoke is the Highway 427, which is downtown Toronto’s main access to PearsonInternationalAirport.  Highway 427 runs north/south and at the south end of the highway it runs into a highway called the Queen Elizabeth Way (QEW).

    Etobicoke has had a long history of manufacturing and distribution centers with many corporate offices. Over the years the properties in Etobicoke have been ignored or vacated. However in recent years Corporations are considering Etobicoke again.

    Etobicoke has the lowest population density out of the former cities and boroughs that currently make up the city of Toronto. This is mainly due to its vast expanses of industrial lands. Several major freeways are routed through the area, making the area ideal for automobile-based transportation.

    Many exceptions to Toronto's gridded street matrix are found in Etobicoke. A number of overpasses and awkward intersections, such as Bloor/Kipling/Dundas West, have been created in an effort to reconcile the grid with these planning anomalies.

    The southern areas of Etobicoke are better served by public transit and closer to the city centre. These areas, such as Markland Wood, The Kingsway and New Toronto, have attracted more affluent residents.

    The central areas of Etobicoke, although farther from the subway line, are still well-served by public transit buses. These neighbourhoods are generally middle class.

    Many areas in Etobicoke had been neglected, "inner-ring" suburbs, such as Rexdale. Car culture infrastructure built in the 1960s is in a state of disrepair. Etobicoke is dominated by this unadorned, single-storeyed development and treeless, tarmac-covered prairie.

    However in recent years Etobicoke has been rebuilt for example major Corporate Names as Lansing Build all, a leader in supplying lumber and building materials have purchased a vacant industrial warehouse facility in Etobicoke to consolidate their operations into a central distribution warehouse, head office and "big box" retail store.

    Other Corporate Leaders are now looking to Etobicoke to transform the industrial buildings and sites into highly successful centres. The acquisition of existing facilities in Etobicoke, renovating the properties to suit has proved to be a very economical answer for Lansing and many small and large corporations.

     

    Mississauga

    Mississauga is one of the biggest cities in the Toronto GTA in terms of area. 

    The city also offers a wide variety of job opportunities due to the overall size of the city and the great number of successful businesses that call Mississauga home. 

    Mississauga is located on the northwest shore of LakeOntario. The largest of three municipalities in PeelRegionalMunicipality, Mississauga is also a commuter suburb within the Toronto metropolitan area. It is a rapidly growing industrial city; major manufactures include telecommunication and aerospace equipment, pharmaceuticals, chemicals, motor vehicles, appliances, steel and rubber products, and plastic and paper goods.

    The city hall, an art gallery, and a conservatory are located in the Mississauga Civic Centre. Other sites include the Living Arts Centre, an arts facility; the BradleyMuseum, a restored 1830s farmhouse; and Playdium, an electronic interactive theme park. The city also has several sports facilities, notably the Hershey Centre, home of the Mississauga Ice Dogs of the Ontario Hockey League. Nearby Port Credit, a former industrial town at the mouth of the picturesque CreditRiver, still has a mid-19th-century appearance but it is also the site of the Credit Village Marina, a waterfront facility that opened in 1997. A 2001 real estate survey has estimated the population of Mississauga, Ontario at 613,000.

    Located in the northern part of Mississauga just off of Highway 401 and Highway 27 is the busiest airport in CanadaPearsonInternationalAirport has three terminals.

    The centre of the City of Mississauga can be easily defined as Square One.  This is an enormous section of land located just of Highway 403, which seems to have everything you need.  The mall which bears the name Square One, is in the top two malls in terms of size in the Greater Toronto Area.  The mall is truly a mega mall that is second to none.  You can find all your favorite stores as well as both the high-end stores and the discount stores too.

    North York

    The city of North York covers the entire northern half of Toronto and nearly touches almost every other city or town that makes up the Greater Toronto Area. 

    The largest buildings in North York are located in the middle of a city on Yonge Street. North York's City Hall is truly the centre of the city.

    While much of the area still retains its mostly suburban nature, efforts led intensify development in the North York Centre area along Yonge Street between Finch and Sheppard Avenues, coinciding with the path of the Toronto Transit Commission's Yonge-University Spadina subway line.

    There are many stores and high-rise office and condominium apartment buildings along this central North York corridor, particularly centred around the old North York City Hall. Directly beside the old City Hall is the Toronto Centre for the Arts. Thanks to a new subway line along Sheppard Avenue, more high-rise condominiums are being built along the Sheppard East corridor.

    The central area is gradually ceasing to be suburban, resembling a smaller version of the city's downtown. World-renowned corporations have built their own office towers along Yonge Street in central North York, including the Canadian head offices of Procter & Gamble, Nestlé and Xerox. McDonald's of Canada is also located in North York.

     

    Vaughan

    Located just north of North York, Vaughan is another one of the Greater Toronto Area’s rapidly developing areas.  Vaughan has a lot to offer and is a perfect place for a person who is looking for an affordable rental accommodation.  Apartment complexes seem to be popping up all over the place and in quick succession.  Vaughn has a large amount of rental accommodation that has a wide range of prices.  The city of Vaughn is a city that is very multi-cultural like most of the areas that make up the GTA and is a place where everybody is able to fit in easily.

    Arguably, the most popular attraction in Vaughan is Canada’s Wonderland.  Located just off of Highway 400, Wonderland is entertainment theme park that has something for everyone.  The numerous roller coasters are state of the art and you will find almost every type of roller coaster that a real roller coaster enthusiast would desire.  It also has a recently created water park that has a number of high twisting and turning slides and a huge wave pool.

    For the nature enthusiasts, the Boyd Conservation Area is a great place to spend a day of two.  Located on Islington Avenue just north of Highway 7, this 237-acre conservatory provides a number of walking and hiking trails and a large population of wildlife.  Another very large conservation area located in Vaughn is the Kortright Conservation Area that happens to be Canada’s largest conservation area with 18 kilometers of trails through mixed woods and open parkland.

    Art lovers must visit the McMichael Canadian Art Collection that exhibits the very best of Canada’s famous landscape painters.  In addition to viewing all kinds of great Canadian art, visitors can stroll the 100 acres of conservatory land and have dinner at the full-service Restaurant.

    Colossus movie theatre complex is one of Canada’s largest entertainment complexes with 18 screens and 5200 seats.  The complex also has café, arcade, party rooms and a number of fast food restaurants.  Also located in the Highway 7 and Highway 400 area is the Seven/400 Power Centre that offers some great warehouse style shopping.

     

    Toronto

    Toronto is the corporate capital of Canada and the 5th largest city in North America. Vibrant downtown is the third largest retail concentration in North America after New York and Chicago. Liveable neighbourhoods that surround the downtown contain one of the best educated labour forces in the world. Toronto also contains 43% of the industrial space in the GTA, which is the second largest industrial market in North America.

    Toronto’s economy has changed over the past 20 years, with financial and business services becoming the largest sector. Included in this sector are banks, stock markets, insurance, advertising, marketing, accounting firms, and law firms. Toronto ranks third on the continent, behind New York City and Chicago, Illinois, in the number of major corporations that have their head offices there. Toronto is the leading printing and publishing center of English-speaking Canada and also has more software production companies than other parts of Canada. One of the community colleges, SheridanCollege in Mississauga, trains many of North America’s animation artists. In distribution services, Toronto is the chief Canadian center for telecommunications, broadcasting, and air transport. Government and other public services, notably health and education, are major employers.

    Manufacturing, once a mainstay of the diverse economy, receded somewhat in the 1990s. Automobile parts and assembly at the same time became a stronger component of the manufacturing sector, and the Toronto region’s importance in this field is second only to that of Detroit. Cars and trucks are Canada’s most valuable export, and the auto manufacturer General Motors is the largest industrial employer. Another large employer is Northern Telecom, a major world producer of telecommunications equipment. De Havilland Aircraft produces commuter aircraft, and the area also has a number of aircraft parts producers. Construction, once a strong element in the Toronto economy, weakened in the 1990s.

    Manufacturing and other fields have been helped by relatively cheap electrical energy provided by Ontario Power Generation. Power for Toronto was originally generated in steam plants and later at Niagara Falls. Natural gas and oil pipelines connect the region to the sources of these resources in western Canada.

    Within the city, the Toronto Transit Commission operates subways, buses, and streetcars. The streetcars are preserved on certain downtown routes as a link to the city’s past and are a distinctive feature of Toronto. Municipalities outside Toronto operate their own bus services that link to the Toronto system. The Government of Ontario (GO) system also deploys commuter trains and buses within the metropolitan area outside Toronto.

    Toronto is served by LesterB.PearsonInternationalAirport, located to the west in Mississauga. It is the largest airport in Canada. Some short-takeoff-and-landing commercial commuter aircraft operate from the island airport downtown.

    Allen Mayer

    Salesperson-Vice President 

    Right at Home Realty Inc. Brokerage--Commercial Division

    Direct Line 416.633.7767

    www.allenmayer.com
    www.commercialtoronto.com

    View Article  Map of Toronto

    ALLEN MAYER
    Vice-President
    Salesperson
    Right at Home Realty Inc. Brokerage
    DIRECT LINE: 416.633.7767

    www.commercialtoronto.com

    www.allenmayer.com

     
     
     
     
     
     
     
    Toronto Neighbourhood Maps

    You will need Adobe Acrobat Viewer version 5 or higher to read these PDF files.

    You may click directly on the numbered areas on the map below to view statistics for individual neighbourhoods.
    Alphabetical index of neighbourhoods Numerical index of neighbourhoods

    Map of community planning areas. Click on a number to open the summary page for that CPA. Eringate-Centennial-West DeaneEtobicoke West MallMarkland WoodsAlderwoodLong BranchIslington-City Centre WestPrincess-RosethornWillowridge-Martingrove-RichviewUniversityPalmerston-Little ItalyDufferin GroveRoncesvallesHigh Park-SwanseaRunnymede-Bloor West VillageAnnexDovercourt-Wallace Emerson-JunctionJunction AreaJunction AreaWeston-Pellam ParkBriar Hill-BelgraviaWychwoodCasa LomaTrinity-BellwoodsLittle PortugalSouth ParkdaleNiagaraWaterfront Communities-The IslandSouth RiverdaleThe BeachesNew TorontoMimicoStonegate-QueenswayKingsway SouthEdenbridge-Humber ValleyKensington-ChinatownBay Street CorridorMoss ParkChurch-Yonge CorridorRosedale-Moore ParkNorth St. JamestownRegent ParkCabbagetown-South St. JamestownNorth RiverdaleBroadview NorthBlake JonesGreenwood-CoxwellDanforth Village-TorontoWoodbine Corridor