{"id":17620,"date":"2023-05-29T07:57:05","date_gmt":"2023-05-29T14:57:05","guid":{"rendered":"https:\/\/essential.construction\/news\/news-roundup-for-may-29-2023\/"},"modified":"2023-05-29T07:57:05","modified_gmt":"2023-05-29T14:57:05","slug":"news-roundup-for-may-29-2023","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/news-roundup-for-may-29-2023\/","title":{"rendered":"News Roundup for May 29, 2023"},"content":{"rendered":"<p> <a href=\"https:\/\/essential.construction\/files\/membership-default-internal\/\" class=\"memberhide\"><img decoding=\"async\" src=\"https:\/\/essential.construction\/news\/wp-content\/uploads\/sites\/15\/2023\/01\/20220718_175041000_iOS.jpg\" alt=\"-\"><\/a><br\/><br \/>\n<\/p>\n<div id=\"article_body\">\n<p>A new report from Urbanation and CIBC Capital Markets suggests that more than half of investors who use condos as a rental property lost money last year; Toronto&#8217;s leading mayoral candidates are all dealing with a similar question, how to manage the City&#8217;s Billion dollar budget shortfall; critics of the dissolution of the Peel Region warn that the move will not ease housing crisis and could further encourage sprawl; and other news.\u00a0<\/p>\n<p><a rel=\"nofollow noopener\" href=\"https:\/\/www.thestar.com\/real-estate\/2023\/05\/29\/more-than-half-of-condo-investors-are-losing-money-and-thats-going-to-hurt-renters.html\" target=\"_blank\">More than half of condo investors are losing money \u2014 and that\u2019s going to hurt renters<\/a>\u00a0(Toronto Star)<\/p>\n<p><a rel=\"nofollow noopener\" href=\"https:\/\/www.cbc.ca\/news\/canada\/toronto\/mayor-byelection-week-eight-1.6856623\" target=\"_blank\">Toronto&#8217;s billion-dollar budget gap looms in the background of mayoral byelection<\/a>\u00a0(CBC)<\/p>\n<p><a rel=\"nofollow noopener\" href=\"https:\/\/www.theglobeandmail.com\/canada\/article-move-to-dissolve-peel-region-reflects-shift-away-from-regionalism-in\/\" target=\"_blank\">Move to dissolve Peel Region reflects shift away from regionalism in Ontario, experts say<\/a>\u00a0(Globe and Mail)<\/p>\n<p><a rel=\"nofollow noopener\" href=\"https:\/\/www.thestar.com\/news\/canada\/2023\/05\/29\/toronto-city-council-voted-against-more-gas-plant-production-the-province-is-making-it-happen-anyway.html\" target=\"_blank\">Toronto city council voted against more gas-plant production. The province is making it happen anyway<\/a>\u00a0(Toronto Star)<\/p>\n<p><a rel=\"nofollow noopener\" href=\"https:\/\/www.cbc.ca\/news\/canada\/toronto\/toronto-petition-davenport-go-train-bridge-1.6857160\" target=\"_blank\">Petition calls on Metrolinx to build promised pedestrian path under GO train bridge<\/a>\u00a0(CBC)<\/p>\n<p><a rel=\"nofollow noopener\" href=\"https:\/\/www.theglobeandmail.com\/canada\/toronto\/article-what-i-saw-riding-the-505-dundas-streetcar-in-toronto\/\" target=\"_blank\">What I saw riding the 505 Dundas streetcar in Toronto<\/a>\u00a0(Globe and Mail)<\/p>\n<p><a rel=\"nofollow noopener\" href=\"https:\/\/www.thestar.com\/news\/investigations\/2023\/05\/29\/developers-skipped-the-bill-on-necessary-repairs-to-a-toronto-shelter-for-women-and-non-binary-people-fleeing-violence-city-alleges.html\" target=\"_blank\">Developers skipped the bill on necessary repairs to a Toronto shelter for women and non-binary people fleeing violence, city alleges<\/a>\u00a0(Toronto Star)<\/p>\n<p><a rel=\"nofollow noopener\" href=\"https:\/\/www.cbc.ca\/news\/canada\/canada-pride-parades-security-1.6856128\" target=\"_blank\">Pride organizers appeal for more funding as rising security costs could dampen festivities<\/a>\u00a0(CBC)<\/p>\n<p><a rel=\"nofollow noopener\" href=\"https:\/\/www.theglobeandmail.com\/business\/article-despite-plans-ottawa-has-not-tightened-affordability-rules-in-rental\/\" target=\"_blank\">Despite plans, Ottawa has not tightened affordability rules in rental construction program<\/a>\u00a0(Globe and Mail)<\/p>\n<p><a rel=\"nofollow noopener\" href=\"https:\/\/www.thestar.com\/business\/opinion\/2023\/05\/28\/more-jobs-healthier-cities-more-money-in-our-pockets-so-why-the-struggle-to-embrace-clean-energy.html?li_source=LI&amp;li_medium=thestar_business\" target=\"_blank\">More jobs. Healthier cities. More money in our pockets. So why the struggle to embrace clean energy?<\/a>\u00a0(Toronto Star)<\/p>\n<p><a rel=\"nofollow noopener\" href=\"https:\/\/www.cbc.ca\/news\/politics\/construction-starts-24-sussex-future-uncertain-1.6856302\" target=\"_blank\">Construction work starts on 24 Sussex \u2014 but its future is still in doubt<\/a>\u00a0(CBC)<\/p>\n<p><a rel=\"nofollow noopener\" href=\"https:\/\/globalnews.ca\/news\/9727493\/york-region-council-vacant-home-tax-consideration\/\" target=\"_blank\">York Region to consider vacant homes tax to fight speculation<\/a>\u00a0(Global News)<\/p>\n<\/div>\n<p><script>\n!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?\nn.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;\nn.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;\nt.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,\ndocument,'script','\/\/connect.facebook.net\/en_US\/fbevents.js');\nfbq('init', '1760257484204295');\nfbq('track', \"PageView\");<\/script><br \/>\n<br \/><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-5143531171910809\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- News - Bottom -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-5143531171910809\"\r\n     data-ad-slot=\"8320848692\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><a href=\"https:\/\/urbantoronto.ca\/news\/2023\/05\/news-roundup-may-29-2023.52665\" rel=\"nofollow noopener\" target=\"_blank\">This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new report from Urbanation and CIBC Capital Markets suggests that more than half of investors who use condos as &#8230; <a title=\"News Roundup for May 29, 2023\" class=\"read-more\" href=\"https:\/\/essential.construction\/news\/news-roundup-for-may-29-2023\/\" aria-label=\"Read more about News Roundup for May 29, 2023\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1088],"tags":[],"class_list":["post-17620","post","type-post","status-publish","format-standard","hentry","category-urban-toronto","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/17620","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/comments?post=17620"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/17620\/revisions"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=17620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=17620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=17620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}