One in four Canadians plans to buy investment property in next five years
Approximately 11 per cent of Canadians currently invest in residential real estate, with more than half of current investors saying they are likely to purchase an additional residential investment property in the next five years, according to a survey by real estate firm Royal LePage.
64 per cent of residential real estate investors own one property, while 32 per cent own two or more.
The report said more than a quarter, or 26 per cent, of all Canadians plan to buy an investment property before 2028.
The survey found the opportunity for their property’s value to appreciate over the long term was the top factor investors consider when buying property. Positive cash flow on a monthly basis ranked second, and the low maintenance and variable expenses was third.
#housing
🍁 Maple Chronicles
Approximately 11 per cent of Canadians currently invest in residential real estate, with more than half of current investors saying they are likely to purchase an additional residential investment property in the next five years, according to a survey by real estate firm Royal LePage.
64 per cent of residential real estate investors own one property, while 32 per cent own two or more.
The report said more than a quarter, or 26 per cent, of all Canadians plan to buy an investment property before 2028.
The survey found the opportunity for their property’s value to appreciate over the long term was the top factor investors consider when buying property. Positive cash flow on a monthly basis ranked second, and the low maintenance and variable expenses was third.
#housing
🍁 Maple Chronicles
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Air Canada pilots end 10-year contract framework, eye bargaining
Air Canada's pilots have ended a decade-long contract framework, opening the door to "full bargaining this summer," their union leadership said.
Pilots have previously said they are pressing for "historic" gains to narrow the earnings gap with higher-paid aviators at U.S. carriers.
Their counterparts at Onex Corp's WestJet Airlines reached a tentative agreement that would offer a 24% hourly raise over four years, plus other pay and benefits.
The estimated 4,500 pilots at Canada's largest carrier have received a 2% wage increase per year since reaching a deal in 2014.
The union had a Monday deadline for using a type of escape clause that would allow for negotiations this year. The agreement now runs until Sept. 29, 2023, although its provisions will apply beyond that date.
🍁 Maple Chronicles
Air Canada's pilots have ended a decade-long contract framework, opening the door to "full bargaining this summer," their union leadership said.
Pilots have previously said they are pressing for "historic" gains to narrow the earnings gap with higher-paid aviators at U.S. carriers.
Their counterparts at Onex Corp's WestJet Airlines reached a tentative agreement that would offer a 24% hourly raise over four years, plus other pay and benefits.
The estimated 4,500 pilots at Canada's largest carrier have received a 2% wage increase per year since reaching a deal in 2014.
The union had a Monday deadline for using a type of escape clause that would allow for negotiations this year. The agreement now runs until Sept. 29, 2023, although its provisions will apply beyond that date.
🍁 Maple Chronicles
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Canada's former Conservative leader says China 'orchestrated' campaign against him
Canada's spy agency told former Canadian Conservative Party leader Erin O'Toole that China campaigned to discredit him and suppress votes ahead of the 2021 election he lost to Liberal Prime Minister Justin Trudeau, O'Toole said.
"The CSIS briefing confirmed to me what I had long suspected - that my party, several of my parliamentary caucus members and myself were the target of a Chinese orchestrated campaign of disinformation and voter suppression in the run up to and during the 2021 general election," O'Toole said in the House of Commons.
Trudeau has come under pressure from opposition parties in parliament to open a public inquiry into foreign election interference even though a special rapporteur into allegations of Chinese election meddling recommended against one last week.
The opposition parties renewed calls for a public inquiry on Tuesday. O'Toole blamed the government for failing to pass on the intelligence about Chinese meddling to members of parliament.
#China
🍁 Maple Chronicles
Canada's spy agency told former Canadian Conservative Party leader Erin O'Toole that China campaigned to discredit him and suppress votes ahead of the 2021 election he lost to Liberal Prime Minister Justin Trudeau, O'Toole said.
"The CSIS briefing confirmed to me what I had long suspected - that my party, several of my parliamentary caucus members and myself were the target of a Chinese orchestrated campaign of disinformation and voter suppression in the run up to and during the 2021 general election," O'Toole said in the House of Commons.
Trudeau has come under pressure from opposition parties in parliament to open a public inquiry into foreign election interference even though a special rapporteur into allegations of Chinese election meddling recommended against one last week.
The opposition parties renewed calls for a public inquiry on Tuesday. O'Toole blamed the government for failing to pass on the intelligence about Chinese meddling to members of parliament.
#China
🍁 Maple Chronicles
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TTC investigating after fireworks set off inside Scarborough buses
The TTC has launched an investigation after a video of a firework being set off inside one of its buses surfaced on social media Tuesday night and went viral.
In a follow-up tweet the TTC said it is aware of a “couple of recent incidents” of fireworks being set off on buses in Scarborough.
#Ontario
🍁 Maple Chronicles
The TTC has launched an investigation after a video of a firework being set off inside one of its buses surfaced on social media Tuesday night and went viral.
In a follow-up tweet the TTC said it is aware of a “couple of recent incidents” of fireworks being set off on buses in Scarborough.
#Ontario
🍁 Maple Chronicles
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Wildfire, potential ammonia leak prompts alerts, evacuations in Bedford, N.S.
A wildfire burning in the Hammonds Plains-area near Bedford, N.S., prompted several emergency alerts and evacuations Tuesday night.
An alert was issued at approximately 6:40 p.m. letting residents know the wildfire and a potential ammonia leak caused a mandatory evacuation order for several streets in Bedford, N.S.
Another emergency alert was issued at approximately 8:40 p.m., giving residents in the area of Viscount Run a 30-minute precautionary notice to possibly evacuate due to wildland fire.
An alert was later issued at approximately 9:56 p.m. stating that an evacuation order for the area surrounding Farmers Dairy Lane was rescinded, but residents were told a future evacuation may occur with 30 minutes notice given.
#NovaScotia
🍁 Maple Chronicles
A wildfire burning in the Hammonds Plains-area near Bedford, N.S., prompted several emergency alerts and evacuations Tuesday night.
An alert was issued at approximately 6:40 p.m. letting residents know the wildfire and a potential ammonia leak caused a mandatory evacuation order for several streets in Bedford, N.S.
Another emergency alert was issued at approximately 8:40 p.m., giving residents in the area of Viscount Run a 30-minute precautionary notice to possibly evacuate due to wildland fire.
An alert was later issued at approximately 9:56 p.m. stating that an evacuation order for the area surrounding Farmers Dairy Lane was rescinded, but residents were told a future evacuation may occur with 30 minutes notice given.
#NovaScotia
🍁 Maple Chronicles
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Parents push back on pride month in Ontario schools
The recent decision by a Catholic school board in Ontario’s York Region not to fly the pride flag during Pride Month in June is emblematic of a province-wide call to halt flag-raisings and other events expected in schools throughout the month.
Many parents are looking at pulling their children out of school during such events. A national walk-out is scheduled for June 1 and gaining traction.
At York Catholic District School Board meeting on May 29 the board voted 6–4 against flying the flag. Many said the Canadian flag is enough and that it represents all students.
Similar flag disputes have sprung up in boards across the province ahead of Pride Month.
At a Durham District School Board meeting on May 15, one father suggested simply opting for the Canadian flag. “How about we just stop sexualizing our flagpoles and fly the Canadian flag?” he said.
Ontario’s education minister Stephen Lecce has stood in favour of flying the pride flag for Pride Month.
#Ontario
🍁 Maple Chronicles
The recent decision by a Catholic school board in Ontario’s York Region not to fly the pride flag during Pride Month in June is emblematic of a province-wide call to halt flag-raisings and other events expected in schools throughout the month.
Many parents are looking at pulling their children out of school during such events. A national walk-out is scheduled for June 1 and gaining traction.
At York Catholic District School Board meeting on May 29 the board voted 6–4 against flying the flag. Many said the Canadian flag is enough and that it represents all students.
Similar flag disputes have sprung up in boards across the province ahead of Pride Month.
At a Durham District School Board meeting on May 15, one father suggested simply opting for the Canadian flag. “How about we just stop sexualizing our flagpoles and fly the Canadian flag?” he said.
Ontario’s education minister Stephen Lecce has stood in favour of flying the pride flag for Pride Month.
#Ontario
🍁 Maple Chronicles
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Quebec firm to pay $10M to avoid charges over bribes promised to Philippine officials
A Quebec forensics company promised millions of dollars in bribes to officials in the Philippines, including a cabinet minister and his brother, as it sought lucrative police contracts, according to a statement of facts attached to a deal the firm struck to avoid prosecution in Canada.
The deal between Ultra Electronics Forensic Technology Inc. and federal prosecutors has been approved by the Superior Court of Quebec and is Canada’s second remediation agreement.
The other deal was struck between Quebec provincial prosecutors and SNC-Lavalin over corruption in its contract to refurbish the Jacques Cartier Bridge in Montreal.
The latest agreement requires the Montreal firm to pay about $10.5 million, co-operate with investigations, report to prosecutors about implementing the agreement and abide by an anti-bribery and corruption program overseen by an external auditor hired at the firm’s expense.
#Quebec
🍁 Maple Chronicles
A Quebec forensics company promised millions of dollars in bribes to officials in the Philippines, including a cabinet minister and his brother, as it sought lucrative police contracts, according to a statement of facts attached to a deal the firm struck to avoid prosecution in Canada.
The deal between Ultra Electronics Forensic Technology Inc. and federal prosecutors has been approved by the Superior Court of Quebec and is Canada’s second remediation agreement.
The other deal was struck between Quebec provincial prosecutors and SNC-Lavalin over corruption in its contract to refurbish the Jacques Cartier Bridge in Montreal.
The latest agreement requires the Montreal firm to pay about $10.5 million, co-operate with investigations, report to prosecutors about implementing the agreement and abide by an anti-bribery and corruption program overseen by an external auditor hired at the firm’s expense.
#Quebec
🍁 Maple Chronicles
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Girl arrested for setting off fireworks on packed Toronto bus
Toronto police say they have arrested a 14-year-old girl who allegedly set off a firework on a packed TTC bus in Scarborough during Tuesday rush hour.
The girl has been charged with mischief endangering life. She is due to appear in a Toronto courtroom on Friday, July 14.
#Ontario
🍁 Maple Chronicles
Toronto police say they have arrested a 14-year-old girl who allegedly set off a firework on a packed TTC bus in Scarborough during Tuesday rush hour.
The girl has been charged with mischief endangering life. She is due to appear in a Toronto courtroom on Friday, July 14.
#Ontario
🍁 Maple Chronicles
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TTC investigating after fireworks set off inside Scarborough buses
The TTC has launched an investigation after a video of a firework being set off inside one of its buses surfaced on social media Tuesday night and went viral.
In a follow-up tweet the TTC…
The TTC has launched an investigation after a video of a firework being set off inside one of its buses surfaced on social media Tuesday night and went viral.
In a follow-up tweet the TTC…
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🇨🇦🇷🇺🇲🇩 Canada announces additional sanctions in relation to Russia
The Minister of Foreign Affairs today announced that Canada is imposing sanctions against seven individuals and one entity in Moldova under the pretext of their collaboration with Russia.
These sanctions target a number of individuals, including Moldovan oligarchs, businessmen, parliamentarians and the Shor political party.
The move follows a commitment made by Prime Minister Justin Trudeau during the visit of Moldovan President Maia Sandu to Canada in May 2023.
#Russia #Moldova
🍁 Maple Chronicles
The Minister of Foreign Affairs today announced that Canada is imposing sanctions against seven individuals and one entity in Moldova under the pretext of their collaboration with Russia.
These sanctions target a number of individuals, including Moldovan oligarchs, businessmen, parliamentarians and the Shor political party.
The move follows a commitment made by Prime Minister Justin Trudeau during the visit of Moldovan President Maia Sandu to Canada in May 2023.
#Russia #Moldova
🍁 Maple Chronicles
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Toronto and GTA under heat warning for next two days
Toronto and much of the GTA are under a heat warning for the next several days.
Environment Canada says the two-day heat event will see maximum daytime temperatures of up to 31 C in some areas.
Similar heat warnings are also in effect for Mississauga, Brampton, Hamilton and stretching all the way to Oshawa in the east.
It’s possible Toronto could set several new temperature records in the process.
#Ontario
🍁 Maple Chronicles
Toronto and much of the GTA are under a heat warning for the next several days.
Environment Canada says the two-day heat event will see maximum daytime temperatures of up to 31 C in some areas.
Similar heat warnings are also in effect for Mississauga, Brampton, Hamilton and stretching all the way to Oshawa in the east.
It’s possible Toronto could set several new temperature records in the process.
#Ontario
🍁 Maple Chronicles
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1st National Day Against Gun Violence to be marked in Canada
The Trudeau government is proclaiming a National Day Against Gun Violence, to be held annually on the first Friday of June.
The government says the goal of the national day is to raise awareness and foster a national discussion about the causes and effects of gun violence.
It comes as the Senate reviews a government bill that would cement restrictions on handguns, increase penalties for firearm trafficking, try to curb homemade ghost guns and ban assault-style firearms.
The Conservatives opposed the bill in the House of Commons, saying it penalizes law-abiding firearm owners instead of tackling gun crime.
🍁 Maple Chronicles
The Trudeau government is proclaiming a National Day Against Gun Violence, to be held annually on the first Friday of June.
The government says the goal of the national day is to raise awareness and foster a national discussion about the causes and effects of gun violence.
It comes as the Senate reviews a government bill that would cement restrictions on handguns, increase penalties for firearm trafficking, try to curb homemade ghost guns and ban assault-style firearms.
The Conservatives opposed the bill in the House of Commons, saying it penalizes law-abiding firearm owners instead of tackling gun crime.
🍁 Maple Chronicles
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🇺🇸🇿🇦 United States, South Africa send over 300 firefighters to Canada to help with wildfires
More than 300 firefighters from the United States and South Africa are heading to Canada in the coming days to help the country battle an unprecedented wildfire season.
At least 100 U.S. firefighters will be arriving in Nova Scotia over the weekend to help knock down out-of-control wildfires that have forced about 21,000 people from their homes since Sunday.
Another 200 firefighters arriving from South Africa will likely end up in Alberta, though officials say the wildfire situation in the country is fluid.
In Nova Scotia, two major fires that remain out of control — one in suburban Halifax, the other in the southwestern corner of the province — have already destroyed at least 200 homes and cottages.
#NovaScotia #Alberta #US #SouthAfrica #wildfire
🍁 Maple Chronicles
More than 300 firefighters from the United States and South Africa are heading to Canada in the coming days to help the country battle an unprecedented wildfire season.
At least 100 U.S. firefighters will be arriving in Nova Scotia over the weekend to help knock down out-of-control wildfires that have forced about 21,000 people from their homes since Sunday.
Another 200 firefighters arriving from South Africa will likely end up in Alberta, though officials say the wildfire situation in the country is fluid.
In Nova Scotia, two major fires that remain out of control — one in suburban Halifax, the other in the southwestern corner of the province — have already destroyed at least 200 homes and cottages.
#NovaScotia #Alberta #US #SouthAfrica #wildfire
🍁 Maple Chronicles
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Halifax-area wildfire 50 per cent contained
A wildfire that began burning in the Upper Tantallon, N.S., area Sunday and forced the evacuation of thousands of residents is now 50 per cent contained.
While this is good news, David Steeves, a forest resources technician with the province’s Department of Natural Resources and Renewables, warns that the situation is still “dangerous and volatile.”
"We are far from being out of the woods. Just because we have a level of percentage of containment does not mean the decrease and the importance of safety in this situation has lowered," he said.
#NovaScotia #wildfire
🍁 Maple Chronicles
A wildfire that began burning in the Upper Tantallon, N.S., area Sunday and forced the evacuation of thousands of residents is now 50 per cent contained.
While this is good news, David Steeves, a forest resources technician with the province’s Department of Natural Resources and Renewables, warns that the situation is still “dangerous and volatile.”
"We are far from being out of the woods. Just because we have a level of percentage of containment does not mean the decrease and the importance of safety in this situation has lowered," he said.
#NovaScotia #wildfire
🍁 Maple Chronicles
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Canada to become 1st country to mandate warning labels on individual cigarettes
The Canadian government has announced stricter labelling and packaging regulations for tobacco in the country.
As per these regulations, health warning messages are required to be printed directly onto individual cigarettes, a move that will make Canada the first such country to do so.
The new regulation was announced by Carolyn Bennett, the government’s mental health and addictions and associate minister of health.
The packaging, including the health-related messages, will be rolled out to retailers by the end of April 2024.
🍁 Maple Chronicles
The Canadian government has announced stricter labelling and packaging regulations for tobacco in the country.
As per these regulations, health warning messages are required to be printed directly onto individual cigarettes, a move that will make Canada the first such country to do so.
The new regulation was announced by Carolyn Bennett, the government’s mental health and addictions and associate minister of health.
The packaging, including the health-related messages, will be rolled out to retailers by the end of April 2024.
🍁 Maple Chronicles
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Anthony Furey "exposes" City of Toronto branded crack, meth pipes given to shelters
Toronto mayoral candidate Anthony Furey revealed City of Toronto-branded crack pipes and crystal meth pipes being handed out at shelters across the city.
"Today I exposed that shelters all across Toronto — including family shelters with kids in them — are being pushed by the City to provide taxpayer-funded crack pipes and meth kits and become unofficial injection sites," he wrote in a Twitter post. "As Mayor of Toronto, I will immediately end this program."
He said an unnamed "whistleblower" alerted him to the existence of these drug consumption kits.
#Ontario
🍁 Maple Chronicles
Toronto mayoral candidate Anthony Furey revealed City of Toronto-branded crack pipes and crystal meth pipes being handed out at shelters across the city.
"Today I exposed that shelters all across Toronto — including family shelters with kids in them — are being pushed by the City to provide taxpayer-funded crack pipes and meth kits and become unofficial injection sites," he wrote in a Twitter post. "As Mayor of Toronto, I will immediately end this program."
He said an unnamed "whistleblower" alerted him to the existence of these drug consumption kits.
#Ontario
🍁 Maple Chronicles
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Canadian military to help fight Nova Scotia wildfires amid ‘unprecedented’ season
The federal government has approved a request for the Canadian Armed Forces to help Nova Scotia fight wildfires as the eastern province, like other parts of the country, faces a “dangerous” season this year.
Nova Scotia is the second province to receive federal assistance for wildfires this year after Alberta, where a provincial state of emergency is in effect.
Canadian Armed Forces will aid provincial emergency management officials with planning and coordination supports, ignition specialist personnel and equipment, and other firefighting resources.
#NovaScotia #Alberta #wildfire
🍁 Maple Chronicles
The federal government has approved a request for the Canadian Armed Forces to help Nova Scotia fight wildfires as the eastern province, like other parts of the country, faces a “dangerous” season this year.
Nova Scotia is the second province to receive federal assistance for wildfires this year after Alberta, where a provincial state of emergency is in effect.
Canadian Armed Forces will aid provincial emergency management officials with planning and coordination supports, ignition specialist personnel and equipment, and other firefighting resources.
#NovaScotia #Alberta #wildfire
🍁 Maple Chronicles
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🏠 Toronto home prices rise in May as sales jump 20%
Greater Toronto Area home prices increased in May from April and sales rose sharply, adding to evidence that the housing market has turned a corner after being buffeted by higher borrowing costs.
The average price of a GTA home rose to nearly C$1.2 million ($892,193) in May, up 3.7% from April. It was the fourth straight month of gains.
On a year-over-year basis, the average price remained lower, but the pace of decline slowed to 1.2% from 7.8% in April. The average price was 10.3% below the February 2022 peak.
The Bank of Canada has paused its interest rate hiking campaign since January after lifting its benchmark rate to a 15-year high of 4.50%.
#housing #Ontario
🍁 Maple Chronicles
Greater Toronto Area home prices increased in May from April and sales rose sharply, adding to evidence that the housing market has turned a corner after being buffeted by higher borrowing costs.
The average price of a GTA home rose to nearly C$1.2 million ($892,193) in May, up 3.7% from April. It was the fourth straight month of gains.
On a year-over-year basis, the average price remained lower, but the pace of decline slowed to 1.2% from 7.8% in April. The average price was 10.3% below the February 2022 peak.
The Bank of Canada has paused its interest rate hiking campaign since January after lifting its benchmark rate to a 15-year high of 4.50%.
#housing #Ontario
🍁 Maple Chronicles
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Toronto to refer refugees and asylum seekers who show up at full shelters to federal programs
Toronto will begin referring refugees and asylum seekers who show up at its at-capacity shelters to federal programs as of today as it continues to call for additional funding.
Deputy Mayor Jennifer McKelvie made the announcement, noting that the City of Toronto essentially has no other choice but to refer refugees and asylum seekers to federal Immigration Refugees and Citizenship Canada programs for support, if space is not available for them in the city’s shelter system.
Starting today, the city will also begin reviewing asylum seekers already in Toronto's shelter system to determine who is eligible for IRCC services followed by referrals to IRCC hotels.
#Ontario
🍁 Maple Chronicles
Toronto will begin referring refugees and asylum seekers who show up at its at-capacity shelters to federal programs as of today as it continues to call for additional funding.
Deputy Mayor Jennifer McKelvie made the announcement, noting that the City of Toronto essentially has no other choice but to refer refugees and asylum seekers to federal Immigration Refugees and Citizenship Canada programs for support, if space is not available for them in the city’s shelter system.
Starting today, the city will also begin reviewing asylum seekers already in Toronto's shelter system to determine who is eligible for IRCC services followed by referrals to IRCC hotels.
#Ontario
🍁 Maple Chronicles
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Saskatchewan’s opioid crisis is on the rise
Saskatchewan’s opioid crisis is on the rise again this year after an expected plateau in 2022.
“Unfortunately this year we’re up quite a bit, we’re suspecting about 186 deaths that was until the end of April, looks like 68 suspected deaths just in the city of Regina,” Chief Coroner Clive Weighill said.
In 2022, Weighill said there were 387 reported opioid deaths in Saskatchewan. Just four months into 2023 the province is already at close to 200.
#Saskatchewan
🍁 Maple Chronicles
Saskatchewan’s opioid crisis is on the rise again this year after an expected plateau in 2022.
“Unfortunately this year we’re up quite a bit, we’re suspecting about 186 deaths that was until the end of April, looks like 68 suspected deaths just in the city of Regina,” Chief Coroner Clive Weighill said.
In 2022, Weighill said there were 387 reported opioid deaths in Saskatchewan. Just four months into 2023 the province is already at close to 200.
#Saskatchewan
🍁 Maple Chronicles
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💊 Medication shortage in Canada led to increased dosing errors in children, new study shows
A new study has found that dosing errors in children increased during the Canada-wide shortage of pediatric fever and pain medication last year.
During the medication shortage, between August and December 2022, there was a 40 to 60 per cent increase in calls to the Ontario Poison Centre for patients younger than 18, compared to trends over the prior four years.
Medical director of the OPC said the shortage of pediatric analgesia and anti-fever medications led to parents and caregivers using adult preparations for their children’s dosing.
#healthcare
🍁 Maple Chronicles
A new study has found that dosing errors in children increased during the Canada-wide shortage of pediatric fever and pain medication last year.
During the medication shortage, between August and December 2022, there was a 40 to 60 per cent increase in calls to the Ontario Poison Centre for patients younger than 18, compared to trends over the prior four years.
Medical director of the OPC said the shortage of pediatric analgesia and anti-fever medications led to parents and caregivers using adult preparations for their children’s dosing.
#healthcare
🍁 Maple Chronicles
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