5 hours ago Huge abandoned Toronto power plant to be transformed into exciting new destination

A sprawling Toronto power plant that has been out of commission and in varying states of decay for over 40 years could soon finally get a new lease on life.The cavernous Hearn Generating Station looms large over the fast-changing Port Lands, a relic of the area's industrial past that operated as a coal-fired plan from 1951 to its closure in 1983.The titan of a heritage building has sat derelict for decades, but a new plan tabled with the City in December aims to transform the hollowed-out structure into a new destination that would attract visitors from around the city.The Hearn has long faced uncertainty and was even temporarily barred from hosting events due to safety concerns, though the mothballed facility was eventually brought up to meet the safety standards of Toronto Fire Services in the late 2010s.While largely abandoned since power generation ceased in 1983, the plant remains a favourite for movie directors looking for that revered industrial/post-apocalyptic aes...

Other

1 hour ago Guardian Capital Announces Increase in Distribution Frequency in respect of certain Guardian Capital Funds

TORONTO, Jan. 10, 2025 (GLOBE NEWSWIRE) — Guardian Capital LP announces that commencing in January 2025, the distribution frequency for the Guardian Capital funds listed below (the “Funds”) will increase from quarterly to monthly. Guardian Capital Fund Series of Units GC One Fixed Income Portfolio Mutual Fund Units: Series A, Series F and Series I […]

Economics

3 hours ago Traffic along key Toronto artery to worsen drastically thanks to contentious development

If Toronto's gridlock is unbearable enough to make more than half of residents consider moving away as it is now, it's hard to imagine how bad it will be in the years to come as the city expands at record pace.Projections show that congestion could worsen by some 75 per cent by the 2040s depending on what measures are (or, in the region's case, more likely aren't) taken.And while rush-hour commuters may eventually end up having to slow to below 20km/h for drives along our 400-series highways, there is another route that has been highlighted as a future pain point for drivers.Ontario expects GTA traffic to get so bad that highways will crawl below 20 km/hhttps://t.co/2EmauxG7vD— blogTO (@blogTO) August 19, 2024Lake Shore Boulevard, currently experiencing even more brutal delays than usual due to the ongoing rehabilitation of the parallel Gardiner Expressway, will apparently see traffic worsen by 23 to 40 per cent in less than a decade, all owing to...

Sport

5 hours ago New rules stop one of Toronto's coolest neighbourhoods from being turned to condos

The Toronto Preservation Board is celebrating some pretty big triumphs this week in the way of increased protections for some of the city's trendiest and most distinctive neighbourhoods.The Board, which helps oversee the proper implementation of the Ontario Heritage Act within city limits, has long been seeking heritage designations for areas like Kensington Market and West Queen West in the hopes that they can be safeguarded from eventually becoming faceless stretches of new development.And, while one is well on its way to that nomination, another was just formally recognized as such by local bylaw.Iconic Toronto neighbourhood finally closer to protection from major redevelopmenthttps://t.co/goBNxTdQla— blogTO (@blogTO) January 9, 2025As of the end of last month, the City has formally recognized West Queen West between Bathurst and Dufferin streets as a Heritage Conservation District, approving the West Queen West Heritage Conservation District Plan that has be...

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1 hour ago ThreeD Capital Inc. Announces Unaudited December 31, 2024 Net Asset Value Per Share – $0.76

TORONTO, Jan. 10, 2025 (GLOBE NEWSWIRE) — ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK / OTCQX:IDKFF) a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, announces that at December 31, 2024, its unaudited net asset value per share (“NAV”) was $0.76. This announcement is […]

Economics

5 hours ago Here are the tax incentives Canadian homeowners can take advantage of in 2025

Owning a home in Canada isn;t cheap, but luckily, plenty of tax incentives can help you minimize housing costs and maximize your savings.Affordable housing is hard to come by nowadays, so much so that some Canadians are back to living with roommates well into their 40s.The cost of living is at the forefront of most Canadians' minds right now. While interest rates are expected to continue to dip this year, there are still a lot of expenses homeowners are likely juggling alongside housing costs.The Canada Revenue Agency (CRA) has shared a list of tax credits and benefits Canadians should know about."Filing your income tax and benefit return is the first step to accessing any benefit or credit payments, or deductions you may be eligible for," reads a news release.Whether you're a homeowner, are saving for your first home or just bought your first home, here are some tax incentives to keep in mind that could put money in your pocket.If you're saving for you...

Economics

12 hours ago Golconda Gold Ltd. Announces Appointment of Vikram Kapoor to Board and Equity Grants

TORONTO, Jan. 10, 2025 (GLOBE NEWSWIRE) — Golconda Gold Ltd. (“Golconda Gold” or the “Company”) (TSX-V: GG; OTCQB: GGGOF) is pleased to announce that Mr. Vikram Kapoor has been appointed to the board of directors to fill the vacancy as a result of the departure of Nicholas Brodie. Mr. Kapoor is a serial entrepreneur and […]

Other

6 hours ago A bunch of tech companies in Toronto are hiring and here are some high

Although the tech industry has been through its ups and downs over the past few years with major layoffs making headlines globally, Toronto continues to be a hub for innovation that attracts everything from renowned tech giants to eager startups.Whether you're a new graduate, someone with a few years of experience, or a seasoned professional, there are lots of open tech opportunities right here in Toronto.Here are some of the tech companies with multiple open positions in Toronto right now.GoogleGoogle's state-of-the-art Toronto office offers some seriously impressive benefits, including access to one-on-one financial coaching, onsite wellness centres, four "work from anywhere" weeks per year, and comprehensive health coverage. As a key hub for the company's Cloud and ads sales team, the office is also home to several marketing, YouTube, and communications divisions.At the moment, there are a handful of open positions in Toronto, including roles like security sales specialist, ...

Economics

9 hours ago Homes are still selling for far under asking price in the vast majority of the Toronto area

Toronto's real estate market may finally be seeing progressively more sales after a months-long slump, but the industry is still nowhere close to its usual frenzied pace — and it's buyers who are reaping the rewards.With so many properties available and activity for some housing types (read: condos) dropping to unheard-of lows in 2024, some are taking advantage of lower interest rates and higher negotiating power to ease into what still remains a vastly overpriced market.And, as unaffordable as property remains, many are nabbing homes for cheaper than their list price, contrary to the bidding wars of yore.According to the latest report from real estate platform Wahi, which keeps tabs on selling versus asking prices in the region each month, an incredible 93 per cent of GTA neighbourhoods were in "underbidding" territory in December, meaning most sellers accepted lower offers than they were hoping.When looking at condos specifically, this figu...

Economics