June 18, 2024

Federal

Ottawa considers building housing on federal land: Canadian real estate news for February 17

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Home of the Week, Ridge House, 395910 11th Line, Clarksburg, Ont.Mitchell Hubble/Mitchell Hubble/Modern Movement Creative

Here are The Globe and Mail’s top housing and real estate stories this week and one home worth a look.

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Federal land could be used for housing to bring down costs, minister says

As Ottawa attempts to accelerate its strategy to create cheaper housing options, new ideas on how to use federally owned land have been taking shape, write Rachelle Younglai and Erin Anderssen. Housing Minister Sean Fraser said Monday that there’s an opportunity to create housing on existing federal land — adding 60 storeys-worth of new housing on top of a Canada Post building, for example. Non-profit housing developers have said access to land is one of the most critical components of delivering affordable housing because land is scarce and expensive to purchase. Fraser said developing on top of existing federal property would allow the government to help the housing crisis without permanently losing the land to private developers.

Condo buyers get an unpleasant surprise: a stiff bill for rental equipment

Residents and owners of a recently-built Toronto condominium building facing collection letters and demands for thousands of dollars are warning others to beware of vague references to HVAC rental contracts in closing documents and sales agreements, writes Shane Dingman. Residents of an east-Toronto condo say Reliance Home Comfort Inc. presented them with pricey rental contracts for air-conditioning units installed in their homes. Some say the rental contract never appeared in their purchasing agreement, and others say a small line was included last-minute. But residents who made even a single rental payment to Reliance get hooked even deeper in their contract.

Rob Carrick: What’s the bigger risk to your retirement – cuts to the CPP or declines for stocks and real estate?

A recent report from the National Institute on Ageing says the top worries of people aged 50 and up are inflation, running out of money and a reduction in payments from the Canada Pension Plan or other government benefits. But the CPP isn’t what you should be concerned about, writes Rob Carrick in his weekly column. In the NIA study, just 12 per cent of people said they were worried about a major real estate or stock crisis. Are people really such savvy, confident investors, or has it been a while since they’re tasted the fear of a full-on stock market crash? The volatility of stocks, real estate and other assets makes the stability of the CPP all the more valuable and comforting, even with its flaws.

Home of the Week: Home on a ridge, and 25 acres of peace

  • Home of the Week, Ridge House, 395910 11th Line, Clarksburg, Ont.Mitchell Hubble/Mitchell Hubble/Modern Movement Creative

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Ridge House, 395910 11th Line, Clarksburg, Ont.

The three-bedroom home located near Collingwood, Ont. was designed by Toronto-based architecture firm Superkül. Sitting on 25 acres, Ridge House is designed to enjoy the land surrounding the home. Skylights are positioned to allow the light to move around the structure during the day, and the kitchen, dining room and living room are in the centre of the one-storey building. The best feature is a small haven carved out of a chunk of the south-west corner of the home, warmed by a gas fireplace under a vaulted ceiling clad in marine-grade mahogany, designed to sit and relax during any season.

What do you think is the asking price for the property?

a. $3,999,000

b. $4,495,000

c. $5,235,000

d. $6,089,000

b. The asking price is $4,495,000.

Canadian design leaders arrive to Ottawa to urge federal govt to partner in making a solid foundation for economic development

Field is advocating for complete infrastructure investment, workforce progress, and procurement modernization

OTTAWA, ON, Nov. 6, 2023 /CNW/ - Tomorrow, almost 100 development leaders from each and every province are gathering on Parliament Hill to provide a unified concept to the federal governing administration: partner with the construction marketplace to create a powerful basis for a much better Canada.

A Strong Foundation for a Stronger Canada (CNW Group/Canadian Construction Association (CCA))A Strong Foundation for a Stronger Canada (CNW Group/Canadian Construction Association (CCA))

A Strong Foundation for a Much better Canada (CNW Team/Canadian Design Affiliation (CCA))

Construction is a main contributor to Canada's financial health and fitness. The building marketplace contributed $151 billion (7.4%) to Canada's GDP in 2022 and generated $92.7 billion in employment income to some 1.6 million men and women across the state. Additionally, when the development sector does very well, it creates a ripple result of enlargement in other sectors like engineering, manufacturing, agriculture, technologies, and retail.

Through the Canadian Design Association's once-a-year Hill Day, Canadian construction leaders will request the Govt to:

  • Dedicate to comprehensive infrastructure investment.

  • Support deal with the workforce shortage by overhauling immigration

  • Modernize procurement procedures.

Quotes:

"Faced with fears above inflation, the housing disaster and large cost of living, Canadians are looking to their Government for answers. Development is the suitable companion to help generate economic growth for Canada — all though delivering housing and infrastructure that Canada urgently needs."

Mary Van Buren, President of the Canadian Construction Association

"The Canadian Building Association (CCA) is urging the federal federal government to collaborate with the design sector and implement plan variations that can unleash the comprehensive likely of an field that is an economic powerhouse."

Brendan Nobes, Chair, Canadian Building Affiliation

Sites

https://can.cca-acc.com/cca/a-powerful-foundation-for-a-much better-canada/
www.cca-acc.com

Social media

Twitter: @ConstructionCAN
LinkedIn: Canadian Construction Association—Association Canadienne de la Construction
YouTube: ConstructionCAN

About CCA

Throughout Canada, CCA signifies much more than 18,000 member firms drawn from 62 area and provincial integrated spouse associations. CCA gives voice to the general public plan, authorized and criteria improvement plans of contractors, suppliers and allied company gurus doing work in, or with, Canada's hefty civil, institutional, professional and industrial (ICI) construction marketplace.

The development sector is 1 of Canada's most significant employers and a important contributor to the country's financial achievement. The business, 70 for every cent of which is designed up of small and medium enterprises, employs more than 1.6 million Canadians and contributes 7.4 for each cent of Canada's Gross Domestic Product.

Canadian Construction Association logo (CNW Group/Canadian Construction Association (CCA))Canadian Construction Association logo (CNW Group/Canadian Construction Association (CCA))

Canadian Design Affiliation brand (CNW Group/Canadian Construction Affiliation (CCA))

Supply Canadian Building Affiliation (CCA)

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Check out primary material to obtain multimedia: http://www.newswire.ca/en/releases/archive/November2023/06/c8546.html

Gold and Gemstone Mining, Inc. Sets sail with New Federal government contracts and Developing Building of 2 new Resorts in the Mentawai Islands

JAKARTA, Indonesia, May well 18, 2022 /PRNewswire/ -- Gold and Gemstone Mining, Inc. (OTC Marketplaces: GGSM) is happy to announce new Federal government Contracts and improved functions from its Cargo Boat Murni. Cargo Boat Murni is located in Sumatra in the Padang Harbor, and has the capacity to haul about 200 tons of Design setting up elements for Resorts and Govt Contracts amongst Sumatra, Nias, and Telos islands. Cargo Boat transports is a increasing small business because building and land growth are predicted to grow. Indonesia's building sector is increasing at 7-8% per calendar year.

Rudi Khelces as CEO and CFO of the Business stated its Cargo Boat Murni will haul machines and materials to develop its 7 Palms Vacation resort, and Nasara Vacation resort in the Mentawai islands. And, its Constitution Boat Business is commencing to working experience huge work orders from resorts and Govt Contracts as Indonesia opens the archipelago to accommodate the onslaught of tourism and financial progress in Indonesia.

Development benefit for constructing jobs is approximated to access IDR 157.47 trillion (USD 10.97 billion) in 2022, driven by expansion in the housing and industrial sectors. Trends in other groups, this sort of as lodge, retail, and business, continue to exhibit advancement in contrast to 2021, which may perhaps improve the construction industry in the coming several years.

Indonesia is the second most productive and lucrative building industry in Asia, in which numerous development assignments are underway in household and non-household sectors. There is a significant desire for residential attributes, and the home sector is escalating in main towns across the state. Public is effective investment decision is crucial in the government's system to deliver h2o assets, roads, and human settlement infrastructure for long-time period improvement.

Company Deal with

Slipi Tower
Jalan S. Parman Kav. 22-24
Jakarta, Indonesia (Lantai 5 PriOffice)
Kota Jakarta Barat, Indonesia 11480

The Organization will announce crucial facts to investors utilizing Facebook and Twitter social media in compliance with Regulation FD

ABOUT GGSM Corporation

GGSM is a publicly-traded business engaged in the constitution boat enterprise in the Mentawai Islands and Over and above. The Kuda Laut's charter vessel is a Mentawai Surf Charter vessel to the Entire world-Well known Mentawai Islands. The Kuda Laut has been chartering to the Mentawai, Telos, Nias, and Banyak Islands for around 25 seasons. From the Lagundri Bay in Nias, the Hinakos, the Bay of A lot in the Banyaks, the Telos very long legal rights, and the popular waves in the Mentawai, this sort of as Rifles. No Kandui, Ebay, and so on., in the Playground, to telescopes, Bintang, Lances Right.

Harmless HARBOR Assertion

This push release includes ahead-on the lookout statements that can be discovered by terminology this kind of as "thinks," "expects," "potential," "designs," "indicates," "could," "should," "could," "intends," or related expressions. Many ahead-on the lookout statements entail recognised and unidentified pitfalls, uncertainties and other factors that may well trigger genuine benefits to be materially distinct from any long run outcomes implied by such statements. These factors include, but are not minimal to, our capacity to keep on to boost our products and units to deal with business modifications, our potential to increase our shopper base and retain current customers, our means to properly contend in our market place segment, the deficiency of public facts on our Firm, our capability to increase enough cash to fund our small business, functions, our ability to continue on as a going worry, and a limited general public sector for our common inventory, among the other hazards. Numerous components are tough to predict accurately and are commonly beyond the Company's command. Ahead-seeking statements discuss only as to the day they are designed, and we do not undertake to update ahead-on the lookout statements to reflect circumstances or activities that take place just after the date the forward-hunting statements are designed.

For Extra Facts, check out https://ggsmglobal.com

Gold and Gemstone Mining, Inc., Investor Relations

Site: https://ggsmglobal.com

Email: [email protected]

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Watch authentic material:https://www.prnewswire.com/news-releases/gold-and-gemstone-mining-inc-sets-sail-with-new-authorities-contracts-and-setting up-design-of-2-new-resorts-in-the-mentawai-islands-301550290.html

Supply Gold and Gemstone Mining, Inc.

Federal decide blocks Oregon’s ban on real estate ‘love letters’ – Oregon Funds Chronicle

Realtors can resume sharing “love letters” from opportunity homebuyers to sway sellers in their clients’ favor while courtroom arguments over the constitutionality of a 2021 Oregon ban on the exercise continue, a federal choose ruled late very last week. 

The letters, heartfelt messages from purchasers conveying why they want a distinct house, have grow to be a common resource in hot housing markets. Rep. Mark Meek, a Gladstone Democrat who owns a Portland actual estate agency, launched legislation to ban them in 2021 immediately after a single of his shoppers opted to provide their household to another person who submitted a like letter even with receiving much more beneficial features. 

Meek and supporters of the law argue that letting appreciate letters perpetuates bias, that property owners are far more very likely to market to individuals of the very same race, faith or household make-up. The Bend-primarily based Full Actual Estate Group sued around the law in U.S. District Court in November, arguing that it violated true estate agents’ Initially Modification rights. 

In his impression, Main U.S. District Choose Marco Hernández explained the condition established out to accomplish a “laudable goal” of halting discimination in housing, but interfered with speech while undertaking so. 

“Continuing enforcement of [the ban] most likely violates the rights of plaintiff and its clients, but also the rights of future potential buyers of household genuine estate all over Oregon,” Hernández claimed. “It is not in the community desire to implement a legislation that is probable unconstitutional, even one particular aimed at the laudable intention of lessening illegal discrimination in housing.”

Hernández’s ruling is a preliminary injunction, blocking the legislation from becoming enforced whilst attorneys for the condition and Total Authentic Estate Team argue the deserves of the scenario in excess of the coming months. .  

Daniel Ortner, a Sacramento-based legal professional representing Whole Authentic Estate Team, explained the ruling as a “major victory for no cost speech and economic possibility.” 

“Love letters connect information that aids sellers decide on the most effective supply,” he explained in a statement. “The state can't ban critical speech since another person may possibly misuse it.” 

Neither Meek nor a spokeswoman for Legal professional Normal Ellen Rosenblum, who defended the legislation, replied to inquiries Monday. 

Hernández’s ruling notes that Oregon has a prolonged record of racial discrimination in housing and the outcomes linger. The state’s 1857 Structure explicitly barred Black persons and individuals of Chinese descent from owning house, and a 1923 legislation prohibited Japanese people from owning or leasing land. 

Race-centered limits had been also crafted into a lot of home deeds, protecting against residences from becoming offered to or occupied by men and women of Asian or African descent. Those people deeds were manufactured unenforceable by the federal Good Housing Act of 1968, and Oregon lawmakers in 2018 sought to make it less complicated for property owners to remove these types of language from their deeds totally. 

About 65% of white Oregonians possess residences, as opposed to 32% of Black Oregonians, 41% of Hispanic Oregonians and 45% of indigenous Oregonians, according to a late 2019 report from a legislative process force on lessening racial disparities in homeownership. 

Hernández mentioned that although it’s probable a adore letter could end result in a property owner deciding upon to offer to a specific consumer for discriminatory good reasons, the letter by itself is not unlawful. 

“Although a seller may perhaps afterwards use the information and facts in a adore letter as a basis for discrimination, without far more, the act of sharing one’s particular traits is not illegal,” he stated. 

He wrote that legislators could attain their targets through other approaches, this sort of as demanding true estate brokers to redact data that could consequence in discrimination, these types of as not including relatives images, or offer extra education about fair housing law.