CMHC calls for moderate house market

by  • 

Another forecaster has called for a moderate housing market in 20011, as the Canadian Housing and Mortgage Corporation (CMHC) calls for prices to remain in line with inflation over the next two years. In its first quarter market outlook CMHC says existing home sales will be in the range of 398,500 to 485,500 units in 2011, with a point forecast of 441,500 units. In 2012, MLS sales will move up and are expected to be in the range of 406,300 to 519,700 units, with a point forecast of 462,900 units. “Modest economic growth will continue to push employment levels higher this year and next. This, in conjunction with relatively low mortgage rates, will continue to support demand for new homes. Housing starts will remain in line with long term demographic fundamentals over the course of 2011 and 2012,” said Bob Dugan, chief economist for CMHC. Housing starts will be in the range of 157,300 to 192,900 units in 2011, with a point forecast of 177,600 units. In 2012, housing starts will be in the range of 154,600 to 211,200 units, with a point forecast of 183,800 units. BrokerNews.ca

Thanks for the pothole fix-up guys

by  • 

These two workers were busy at the corner of Moore and Mallory today filling potholes and fixing the sidewalk, recently broken by a gas repair crew.

Zellers Thorncliffe on tenterhooks as Target makes plans

by  • 

Employees of Zellers in the Thorncliffe Park Shopping Mall are hanging on for any bit of information which will tell them of their fate and that of their store. Zellers parent Hudson Bay, has sold rights to the leases of as many as 220 Zellers stores to the U.S. retailer Target. It will spend more than $1-billion to convert 100 to 150 of them to its own banner within the next two to three years. In the meantime, employees wait and wonder. They do know that as part of the deal, the store will continue to operate through 2011. A Bay spokesperson said: “During this time, Target will be determining which locations will open as a Target store, which locations may be sold to another retailer and which will remain as Zellers. We will continue to operate a portfolio of Zellers stores in some communities in Canada. No decisions have been made on specific locations at this time.” In other words, the Zellers name may live on in cut down form. The Thorncliffe store is a sad reflection of its former self. The coming months are not likely to see any upgrades.

Concrete delivery show is all over the lot at 140 Hanna Ave

by  • 

The arching contraption stretching from one end of the lot to the other at 140 Hanna Ave. is — what? Why, it’s a concrete delivery system of course. It’s sending wet cement from the mixer out front (left) all the way to the rear (right) where a guy is directing it into forms for the foundation. Quite a show.

Recall of Hoover WindTunnel vacuums

by  • 

Sears Canada says it has been advised by Hoover Inc. of a potential safety hazard relating to certain WindTunnel Bagless Canister Vacuums. It has been discovered that the power cord between the powered nozzle and the wand can short-circuit posing a fire and shock hazard. This can occur even if the vacuum has been turned off but left plugged in. The silver coloured vacuums were sold through Sears Canada retail stores, online at www.sears.ca, and through the Sears Canada catalogue between January 2007 and December 2010. The affected model number is S3755. CNW Release

Tight squeeze at Millwood and Sutherland

by  • 

A noon-hour tussle Tuesday between a bus and car at Millwood Rd and Sutherland slowed things down a bit. The 88 bus was apparently making a left onto Sutherland. No one hurt.

800,000 Dorel car seats recalled

by  • 

As many as 800,000 childrens car seats by Dorel Juvenile Group are being voluntarily recalled Transport Canada received 10 complaints that the design’s harness system could loosen during normal use.

Re-visiting Joey and Dakota

by  • 

Many months ago when the weather was really nice, Joey the Yorkshire Terrier (left) ran into Dakota the Golden Lab on South Bayview. We recalled Joey’s winning way of saying hello as we pondered this winter weather. Hope you like the flashback.

George Shearing dead at age 91

by  • 

Greatly loved piano artist who turned his blindness into an asset at the keyboard. To hear him again in vintage form GO HERE. George Shearing’s obituary from the BBC may be found by clicking the headline.

Nearly half local cell owners lose them

by  • 

According to a survey by the computer security software maker Norton, Toronto and Missisauga are have the highest per capita loss or theft of cell phones in the country. The figure is 48%. Remarkable. Nationally, the survey shows 33% of Canadian consumers have either lost or had their phone stolen. The survey of 1,508 Canadian adults was conducted between September 24 and October 7, 2010 and found the following cities to have the highest Cell Phone Loss/Theft:

Toronto (Mississauga) – 48%
Montreal (Laval) – 32%
Vancouver (Surrey, Burnaby) – 31%
Calgary – 23%
Halifax – 17%

The survey does not break out stolen versus lost. The former figure would be of interest to Torontonians who hear daily of young people having their phone stolen on the street or in the subway.

48 Donlea Drive gets a re-build

by  • 

The busy people at Castleton Homes are active at 48 Donlea Dr., having knocked down the two storey house shown at the right and as photographed by Google. Castleton does nice work. Neighbors will by now know just how high up this re-build will go. Note the surviving walls, including that of the garage. Frequently, although we do not know it in this case, walls are left standing to ensure that grandfathered aspects of the original construction are not subject to the current building code. It is a common practice.

Knock-down furniture fight looms

by  • 

A Danish knock-down furniture chain is set to square off against Swedish-based IKEA. Jysek is a retailing success with some 1700 stores in countries around the world. It has announced that it hopes to open as many as 20 new stores a year in Canada for the next three years. And although their stores are not as big as IKAEA outlets, some say that somewhat smaller stores permits Jysek to penetrate markets better.