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Housing market to recover from worst downturn in 10 years

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In the fourth quarter of 2018, the Canadian housing market emerged from its most significant correction since the onset of the 2008 financial crisis, according to the latest Royal LePage House Price Survey.

“The invisible hand that guides our complex economy hit the real estate reset button in 2018 and that is a good thing,” said Phil Soper, Royal LePage president and CEO. “While some economists are adjusting their forecast for the economy as a whole, Canada’s real estate market is beginning to emerge from the correction that began a year ago.”

While he acknowledges that the Alberta economy is tied up due to weak oil prices, Soper sees a stable national real estate market and expects modest price gains by the end of 2019, according to a Calgary Sun report.

“House prices and home sales volumes were soft and slow last year; expect modestly better results in 2019,” Soper said while advising additional supply is necessary for markets such as Toronto and Vancouver. “Despite the price corrections and low sales activity we saw in 2018, it is important that policymakers don’t take their eye off the ball when it comes to housing supply. That would be a huge mistake.”

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Halifax’s Scotiabank Centre reopens for Mooseheads’ season opener

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The home of the Halifax Mooseheads will reopen next month to host the team’s season home opener, although the experience will be different as a result of COVID-19.

The Scotiabank Centre will reopen on Oct. 3, after its reopening framework was reviewed by Nova Scotia’s public health and occupational health and safety departments, the company operating the centre and the Quebec Major Junior Hockey League (QMJHL) team announced on Tuesday.

“We’re thrilled to be reopening and welcoming our fans back to Scotiabank Centre,” said Carrie Cussons, the president and CEO of Scotiabank Centre.

The centre will be following all standard health and safety guidelines related to the wearing of non-medical masks, hand hygiene, physical distancing and contact tracing, the company said.

But there will be additional protections put in place as well in order to limit any possible spread of the novel coronavirus.

Scotiabank Centre will be divided into separate zones of up to 200 people with set washrooms, concessions and entrance/exit points for each zone.

The organization also announced that tickets will be sold in groups of up to 10 within the same bubble, respecting the province’s guidelines on gatherings.

Fans and attendees will be required to wear a non-medical mask at all times, except when they are consuming food or beverages, the Scotiabank Centre said.

Tickets will also be mobile-only in order to minimize close contact between individuals.

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Candidate slate set for Halifax election as mayoral race grows to three candidates

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The slate of candidates for the Halifax Regional Municipality’s upcoming election has been finalized and it’s now officially a three-horse race for the municipality’s mayoral seat.

Incumbent mayor Mike Savage will face off against Coun. Matt Whitman, the current representative for the Hammonds Plains–St. Margarets, and political newcomer Max Taylor.

Whitman and Savage have previously announced their plans to run but Taylor’s inclusion in the race was a last minute surprise.

On his campaign’s Facebook page, the 22-year-old says his platform is “simple”

“Get out and vote. I don’t care who you vote for, I care that you vote,” he writes.

One of the more notable aspects of Taylor’s presence in the race is his status on social media platform Tik Tok.

He’s built a following of more than 600,000 people on the platform and his videos have generated more than 20.6 million likes.

What that will do for his candidacy is up in the air, but he’s sure to bring a youthful energy to the process.

 

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Here’s what Toronto’s new 57-storey skyscraper will look like

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The corner of Bay and Harbour may be getting a new 57-storey office tower perched atop the heritage Toronto Harbour Commission Building.

Updated plans for The Hub — a skyscraper from multinational corporation Oxford Properties — have been submitted, and if approved, will see a building designed by London-based firm Rogers Stirk Harbour + Partners to 30 Bay Street.

The project near Toronto’s waterfront which was initially proposed in 2018 will add around 1.4 million square feet of office space to the neighbourhood. The building’s west side will also be directly connected to The PATH network.

The Hub will also sit overtop (but only lightly touching) its next door neighbour: the six-storey Toronto Harbour Commission Building, which was built in 1917.

Nicknamed “The T”, the historic building was sold to Oxford in 2017 for $96 million. Fun fact: The T is also reportedly haunted by the ghost of a janitor.

It’s not entirely clear how the interior of the old Commission Building will play into The Hub’s commercial workspace, but the design of the 57-storey building shows the strategic use of four columns to allow for distance between the main building and The T.

The two buildings will be connected by a “finely detailed glazed atrium.”

Windows will stretch from floor to ceiling in the four-storey lobby, which will be home to restaurants, retail spaces, meeting and event spaces, and maybe a fitness facility.

Floors five to eight of the podium will see larger office floors.

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