Asian Tribune Your Multilingual Newspaper covering World and local news News
A Toronto-based real estate company says it is planning to build 5,000 new rental units in urban centres across the country as a result of the federal government’s decision to eliminate GST charges on rental developments. The CEO of Dream Unlimited Corp., Michael Cooper, says high interest rates and construction …
Read More »Ontario municipalities feel impacts of housing law, worry over little audit progress
TORONTO — It has been more than three months since Ontario promised to make municipalities “whole” on a loss of development charge revenue due to a new provincial law, and they say they’re concerned they’ve seen little to no movement. One large city says it is already feeling the impacts …
Read More »Developer, Indigenous groups unveil Belleville housing project – Kingston
There is exciting news in Belleville, as plans are in motion to turn a surplus federal office building into affordable housing, in partnership with three First Nations groups. There were smiling faces all around Tuesday as a formal announcement was made about plans for a “luxury apartment complex” that will …
Read More »Wealthy Ontario developer close to winning long battle to build homes on protected Greenbelt
Almost 20 years after taking the province to court, attempting to embarrass a former premier and pushing to change local zoning rules, a prominent Ontario developer may now finally be set to cash in on his multi-million dollar gamble involving the Greenbelt. In 2003, Silvio De Gasperis of the Tacc Group of companies started …
Read More »Ontario homebuyers stunned by extra $175K charge from developer, call for government action
Some buyers who years ago purchased builds in a housing development in Stayner, Ont., are fuming and calling for government intervention after they were told they would need to fork over $175,000 above what was agreed upon in contracts with the developer before their homes will finally be built. CBC …
Read More »Qapita, a developer of equity management software for startups, raises $5M led by MassMutual – TechCrunch
Qapita’s co-founders. Fom left to right: Vamsee Mohan, Ravi Ravulaparthi and Lakshman Gupta Qapita, a Singapore-based fintech that provides capitalization table and employee stock ownership plans (ESOP) management software, has raised $5 million in pre-Series A funding. The round was led by MassMutual Ventures, with participation from Endiya Partners …
Read More »