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http://finance.yahoo.com/news/canadian-baby-boomers-stand-inherit-100000876.html TORONTO, June 6, 2016 /CNW/ - Baby boomers in Canada will inherit an estimated $750 billion over the next decade in the country's largest-ever transfer of wealth, one that is expected to alter the retirement landscape and have potentially significant economic impacts, finds a new CIBC Capital Markets report. Canada currently has just over 2.5 million people over the age of 75, of which close to 45 per cent are widowed, the report says. The number of elderly people in Canada today represents a 25 per cent jump over the level seen a decade ago. "We estimate that the coming decade will see close to $750 billion exchanging hands, almost 50 per cent more than the estimated amount of inheritance received over the past decade," says Benjamin Tal, Deputy Chief Economist, CIBC Capital Markets, who authored the report The Looming Bequest Boom – What Should We Expect? "The transfer is estimated to boost the asset position of Canadians 50-75 years old by no less than 20 per cent." There will be even more Canadians aged 75+ in the next decade, who will not only be the largest cohort of that age group on record, but also wealthiest, with an estimated total net worth north of $900 billion. He expects this shift in wealth, coming when boomers themselves are approaching retirement age, can potentially impact Canada's retirement landscape as well as many facets of the economy, including labour force participation, the real estate markets and transform income inequality into wealth inequality.

Montreal Archipelago This map shows 40 meters of sea level rise. Only half of the world’s ice sheets melted to produce this archipelago. I spent a week in Montreal once–and I’ve been in love with it ever since. I don’t really speak French. I gave names to some of the larger islands, but I don’t know it well enough to do it justice. If you have suggestions, let me know! Buy the map! This will happen someday, but not in our lifetimes. Some who have dared to speculate on a timeline have given themselves plenty of space for error in their predictions–one estimate says anywhere from 1,000 to 10,000 years. Whatever the time frame, anthropogenic climate change is a fact–humans are speeding up this process. For all of these maps, I am not portraying any sea level higher than what is possible. The USGS has estimated that the total rise would be about 80 meters.

i've posted this about this before and i'm still trying to get this data that is the estimated daytime population on the island, counting commuters and out of the town visitors. i recently stumbled upon this web page http://geodepot.statcan.ca/diss/maps/thematicmaps/cma_e.cfm?name=Montr%C3%A9al which suggests the numbers exists but unfortunately those maps do not display any of the data they are based on .. does anyone have any idea where i could find this information ?? ....

(Courtesy of CJAD) One new step for Vermont to leave the US and join Canada?

Video (Courtesy of The Globe and Mail) Luxury homes in Montreal is up 300% Luxury Starter Home for Montreal estimated to be at $1.5 million.

Great green hospital build commences UK's 'greenest' hospital wing breaks ground at Great Ormond Street Construction has begun on the first phase of the new, £300m Mittal Children’s Medical Centre at Great Ormond Street Hospital for Children NHS Trust (GOSH), which is on target to become the UK’s ‘greenest’ medical building to date. The scheme, designed by UK-based architectural practice Llewelyn Davies Yeang (LDY), is estimated to offset in excess of 20,000 tonnes of CO² annually - the equivalent to the typical yearly carbon footprint of around 2,000 people living in the UK. These figures are based on the scheme’s NEAT assessment, the health sector equivalent of BREEAM accreditation, in which the scheme has achieved an overall ‘Excellent’ Rating. This is a major step forward to achieving GOSH’s targets of a 120 per cent carbon reduction and 60+ per cent renewable energy contribution by 2016, when Phase 2 of the project is due to complete. The new design for the Mittal Children’s Medical Centre will comprise of two linked buildings totalling more than 30,000 sq m, to be constructed over 2 phases, including the Morgan Stanley Clinical Building and the radical reconstruction and refurbishment of the old Cardiac wing. The glazed facade of the new building maximises the amount of daylight to the building’s interior whilst minimising the solar gain internally. This greater level of transparency contributes to creating a comfortable environment that welcomes patients, visitors and staff whilst also forming a healing environment that aids patient recovery. As well as natural ventilation and lighting, the green design utilises natural paints and linoleum, and low VOC (Volatile Organic Compounds) materials have been selected in the vast majority of the interior finishes. Dr. Ken Yeang, Design Director at LDY said: “We have designed the building in line with the client’s desire for a deep green sustainable development. The scheme’s estimated BREEAM figures are impressive in setting a new benchmark for sustainable design in the healthcare sector.” http://www.worldarchitecturenews.com/index.php?fuseaction=wanappln.projectview&upload_id=11345 http://www.ich.ucl.ac.uk/gosh_families/coming_to_gosh/go_create/current_exhib.html

Financial crisis bringing global economy to standstill: IMF By Veronica Smith WASHINGTON (AFP) – The International Monetary Fund slashed its economic growth forecasts Wednesday, predicting the severe financial crisis would brake global growth to the slowest pace in six decades. "World growth is projected to fall to 0.5 percent in 2009, its lowest rate since World War II," the IMF said in a sharp 1.75-point downward revision of November forecasts. "The world economy is facing a deep recession" under continued financial stress, it warned. The advanced economies were expected to contract by 2.0 percent, their first annual contraction in the post-war period and far more than the negative 0.3 percent the IMF estimated less than three months ago. "Despite wide-ranging policy actions, financial strains remain acute, pulling down the real economy," the 185-nation institution said, warning its projections were made in a "highly uncertain outlook."

Cooling housing market exposed to crash Prices, demand drop after record growth Alia McMullen, Financial Post; Canwest News Service Published: Friday, August 08, 2008 Edmonton's housing market is estimated to be more than 10 per cent overvalued.Ed Kaiser, The Journal, FileEdmonton's housing market is estimated to be more than 10 per cent overvalued. TORONTO - A big decline in commodity prices could spell disaster for Canada's housing market, which already appears to have entered a "sustained downturn," David Wolf, an economist at Merrill Lynch Canada, warned on Thursday. He said while the risk of a housing market crash was small, an "outright bust" in commodity prices would make the scenario "a rather more serious threat." The recent trickle of data has shown a significant slowdown in the country's housing market, following its record pace of growth. Demand has eased, supply continues to creep up, credit conditions remain tight, and house-price growth has turned flat, with declines in some regions. The value of building permits in June fell a seasonally adjusted 5.3 per cent from the previous month, indicating that construction activity in the coming months would likely be lower, Statistics Canada figures showed Thursday. The data is notoriously volatile, but the trend rate of growth for residential building has declined since the beginning of the year. "Canada's housing market is entering a sustained downturn, in our view," Wolf said. "It does look like Canadian houses finally got too expensive, and builders too aggressive, for the underlying demand environment." He estimated that markets with the strongest price growth in recent years, such as Regina, Saskatoon, Vancouver, Victoria, Calgary, Edmonton, Sudbury, and Montreal, were all more than 10 per cent overvalued. On a national basis, Wolf predicts house price growth to remain flat. Merrill Lynch expects commodity prices to moderate over the medium term, a scenario that would aid in the housing market downturn but not cause an outright bust. Others, such as CIBC, have a more bullish forecast for commodities, namely oil, expecting prices to continue to rise. This would continue to support Canada's terms of trade by bringing in higher export revenue relative to the amount spent on imports. But Wolf said the risk of a housing crash would become "a serious threat" if the recent correction in commodities continued because it could cause the terms of trade to deteriorate. The price of light crude has fallen about 18 per cent since peaking at a record high of $147.27 US a barrel on July 11 continued. Light crude for September delivery settled at $120.02 US a barrel in New York on Thursday. "The takeoff in commodity prices since 2002 has driven an enormous improvement in Canada's terms of trade, accounting for much of the strong growth in Canadian national income that has, in turn, provided the fundamental underpinning for the housing market boom," Wolf said. A Bank of Canada working paper by senior analyst Hajime Tomura released earlier this year argued that a decline in the terms of trade would likely cause house prices to fall. It said that "if households are uncertain about the duration of an improvement in the terms of trade, then house prices will abruptly drop when the terms of trade stop improving."

Lexus Lanes coming to California's Bay AreaPosted Jul 28th 2008 7:19PM by Noah Joseph Filed under: Etc., Government/Legal Officials are hard at work trying to alleviate the notorious traffic congestion in California. Across the state, drivers sit still in traffic while carpool lanes sit empty, underused by public transit and vehicles carrying multiple passengers. The solution for the Bay Area, as the Metropolitan Transportation Commission sees it, is to allow solo motorists to pay for using the carpool lanes. The commission is working up a proposal that would start with a pilot project in 2010 or early 2011 on I-680 S over the Sunol Grade and in both directions on I-580 between Livermore and the I-680 interchange. To implement the project over the entire 12-highway system would require the approval of state lawmakers (who are currently considering such a bill for Sacramento), as well as an investment of an estimated $3.7 billion. That would be recuperated and then some in the long run, generating an estimated $6 billion over the course of 25 years, the balance of which would be reinvested into the transportation network. If implemented, drivers running late and motivated to pay the fee would be able to move into the carpool lane at designated spots and pay with in-car transponders. Although the fees have yet to be determined, they are estimated at between 20-60 cents per mile at the outset of the program, eventually ramping up to as much as $1 per mile by 2030. Similar systems in place in southern California got the nickname "Lexus Lanes" because of the perception that the rich would use them all the time, leaving those with less means stranded in traffic. However officials cite studies that indicate that the system would be used by a wide cross-section of the socio-economic populace. [source: SF Chronicle via All Cars, All the Time, Image: Justin Sullivan/Getty] Posted Jul 28th 2008 7:19PM by Noah Joseph Filed under: Etc., Government/Legal Officials are hard at work trying to alleviate the notorious traffic congestion in California. Across the state, drivers sit still in traffic while carpool lanes sit empty, underused by public transit and vehicles carrying multiple passengers. The solution for the Bay Area, as the Metropolitan Transportation Commission sees it, is to allow solo motorists to pay for using the carpool lanes. The commission is working up a proposal that would start with a pilot project in 2010 or early 2011 on I-680 S over the Sunol Grade and in both directions on I-580 between Livermore and the I-680 interchange. To implement the project over the entire 12-highway system would require the approval of state lawmakers (who are currently considering such a bill for Sacramento), as well as an investment of an estimated $3.7 billion. That would be recuperated and then some in the long run, generating an estimated $6 billion over the course of 25 years, the balance of which would be reinvested into the transportation network. If implemented, drivers running late and motivated to pay the fee would be able to move into the carpool lane at designated spots and pay with in-car transponders. Although the fees have yet to be determined, they are estimated at between 20-60 cents per mile at the outset of the program, eventually ramping up to as much as $1 per mile by 2030. Similar systems in place in southern California got the nickname "Lexus Lanes" because of the perception that the rich would use them all the time, leaving those with less means stranded in traffic. However officials cite studies that indicate that the system would be used by a wide cross-section of the socio-economic populace. [source: SF Chronicle via All Cars, All the Time, Image: Justin Sullivan/Getty] http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/07/24/MNBN11U37D.DTL

The world's big digs http://www.cbc.ca/world/story/2008/06/19/f-big-digs.html Last Updated: Monday, June 23, 2008 | 10:26 AM ET CBC News Construction on Montreal's Honoré Mercier Bridge, billed as Canada's largest bridge repair, has a price tag of $66 million for its first phase. Work is expected to last until 2011. It's a big endeavour, to be sure. But it still pales in comparison to the scope of massive projects planned or underway around the world. Consider China's $63-billion — yes, billion — water diversion project, or Canada's own ambitious plans for the 2010 Winter Olympics. Many of these projects break new ground, figuratively as well as literally, in striving to set new world standards. They want to be tallest, widest, first or most expensive works of their kind. Here are some of the world's biggest digs, either underway or planned: -------------------------------------------------------------------------------- China: north-south water diversion Estimated cost: $63 billion With this massive hydro-engineering plan, China seeks to deliver water from the water-rich Yangtze River area in the south to parched regions in the country's north and west. In essence, the Chinese want to build a series of new, artificial rivers. Adopted in 2002, the ambitious plan calls for three water routes to eventually be built. Planners hope that the 1,250-km central and 1,150-km eastern routes will divert 13 billion cubic metres of water to Beijing and other northern cities by 2010. Due for completion in 2050, the western route cuts through the mountains of Tibet to reach China's arid northwestern provinces. If completed as planned, all three routes would carry a torrent of water as powerful as the flow of the Yellow River, China's second-longest waterway. The key word is "planned": Parts of the project have been delayed by technological and financial difficulties and concerns over water pollution, state media has reported. -------------------------------------------------------------------------------- Vancouver: 2010 Olympic infrastructure Estimated cost: $2.6 billion Two major projects are transforming transportation in British Columbia's Lower Mainland in the lead-up to the 2010 Winter Olympics. The 80-kilometre Sea to Sky highway, from Vancouver to the resort town of Whistler, is being improved at an estimated cost of $600 million. New passing lanes are being added and some sections straightened to improve safety. The new Canada Line, meanwhile, will provide a 19.5-km rail link between Vancouver and the city's international airport in Richmond. Completion of the 16-stop line is expected in 2009 in advance of the beginning of the Games. -------------------------------------------------------------------------------- Panama: Panama Canal expansion Estimated cost: $5.25 billion Workers use heavy machinery at the site of the Panama Canal expansion project in Panama City on April 28, 2008. (Arnulfo Franco/Associated Press) Approved in a 2006 national referendum, this project will be the largest improvement in the historic waterway's history. The canal's locks will be widened by 17 metres to 50 metres to accommodate modern ocean-faring vessels. By the time of its expected wrap-up in 2014, officials expect the canal's shipping capacity will be doubled. That will be good news for the ships who make the 14,000 annual trips through the 82-km-long canal. The smaller waterway has forced costly queues in recent years. If finished as planned in 2014, the expansion will open at the same time as the Panama Canal's 100th anniversary. It was originally built by the Americans and French and transferred to full Panamanian control in 1999. -------------------------------------------------------------------------------- United Arab Emirates: Burj Dubai Estimated cost: $4 billion With their ultra-tall Burj Dubai, Emaar Properties want to do more than part the clouds with their building. The developers want to make a statement. A big statement. Even while still under construction, the Burj Dubai is already the world's tallest free-standing structure, eclipsing Toronto's 553-metre-tall CN Tower in September 2007. When completed in late 2009, the building will exceed 800 metres and house offices, a glitzy hotel and residential space. By then, the skyscraper will have consumed 330,000 metric tonnes of concrete, 39,000 metric tonnes of steel rebar and 142,000 square metres of glass, and 22 million worker hours of labour. -------------------------------------------------------------------------------- Algeria: east-west highway Estimated cost: $13 billion Flush with a windfall of oil and gas revenues, the Algerian government has embarked on a $144-billion project to upgrade the country's public works. Schools, hospitals and a subway for the capital, Algiers, are all being built. A cornerstone will be the east-west highway that will span more than 1,200 km across the country, connecting the Tunisian border in the east with Morocco in the west. Expected to be completed in 2010 and financed completely by the government, the roadway will also connect Algiers and other major cities in the country's north. -------------------------------------------------------------------------------- China: Three Gorges Dam Estimated cost: $25 billion Spanning the Yangtze River, Three Gorges is 210 metres high and more than two kilometres long. Critics call it an environmental nightmare, but China's leaders believe it will control flooding along the Yangtze, harnessing an estimated 18,000 megawatts of power by its eventual completion in 2009. However, the dam has displaced more than one million people and it's estimated rising waters will submerge 1,200 towns and villages. Work began in 1993 on the project which, when complete, will produce three times the capacity of Canada's Churchill Falls generating station in Newfoundland and Labrador. -------------------------------------------------------------------------------- Moscow: Crystal Island Estimated cost: $4 billion Once completed, this sprawling residential and commercial complex near the heart of Moscow is expected to be one of the world's largest and most expensive buildings. British architect Norman Foster has drafted plans for a tent-like structure with 2.5 million square metres of ground space set around a 450-metre peak. As planned, Crystal Island would include an observatory deck near the top, as well as apartments, entertainment facilities and sports complexes. -------------------------------------------------------------------------------- San Francisco: Bay Bridge Estimated cost:$6.3 billion Upon its completion in 1936, the Bay Bridge was hailed as an engineering triumph, spanning the 13 kilometres between San Francisco and Oakland, Calif. But a major 1989 earthquake, which caused extensive damage to the bridge, drove home the need for repairs to guard against future temblors. So this massive repair project was drawn up. The eastern span will be entirely rebuilt and its western portions greatly overhauled. Work on the bridge, which carries an estimated 280,000 cars per day, is expected to wrap up in 2013. -------------------------------------------------------------------------------- Australia: Brisbane bypass tunnel Estimated cost: $3 billion This big dig will eventually deliver Australia's largest tunnel, built under the streets of the city of Brisbane. Named the Clem Jones Tunnel after a popular former mayor, it will provide another north-south traffic artery through the city. The goal for completion is the end of 2009. -------------------------------------------------------------------------------- Italy: Strait of Messina Bridge Estimated cost: $9 billion Since Roman times, Italian leaders have dreamed of a fixed link between the mainland and the island of Sicily. Prime Minister Silvio Berlusconi tried to bring such a plan to life after his election in 2001, only to have it scuppered after a change of government in 2006. The April 2008 election restored Berlusconi to power and gave the idea a second life. The new plan calls for a 3.3-kilometre suspension bridge — it would be the world's longest, besting the current world record holder by almost 1.5 kilometres. Construction could begin in 2010 and wrap up by 2016, a government official says. -------------------------------------------------------------------------------- Las Vegas: CityCenter Estimated cost: $9 billion Dubbed a "city within a city" on the famous Las Vegas Strip, this monster complex will combine a resort casino called Aria, along with several other hotels and residential buildings. CityCenter will cover 76 acres after its expected completion in 2009. A little more than 46,000 square metres of space will be dedicated to The Crystals, a complex featuring restaurants, retail and other entertainment. The project will employ about 7,000 construction workers, according to the developers.