Toronto real estate investor to pump $85M into London industrial space | London Free Press

“London is a fantastic market. REITs, or real estate investment trusts, typically amass a portfolio of a particular real estate sector, such as office, apartment, or commercial and industrial. In one sign of how hot London’s industrial sector is, a report this month from commercial realty firm CBRE pegged the vacancy rate at just 0.8 […]

Alleged fraudster’s Wortley Village house hits market in foreclosure sale | London Free Press

Property records show Yin took out a mortgage from TD Bank for $1.74 million in 2018. Last month, the Mutual Fund Dealers Association charged Yin with four counts of professional misconduct . The national self-regulatory organization accuses Yin of failing to account for clients’ money, soliciting funds for unapproved investments, engaging in business that wasn’t […]

The latest real estate stats for hot markets are bad news for homebuyers | London Free Press

At this point in Canada’s seemingly inexhaustible real estate boom, when the number of homes on the market is scraping rock bottom, any increase in sales is near miraculous. One stat to keep an eye on is the sales-to-new-listings ratio, which is a solid indicator of supply-demand dynamics. Sales in Ontario were down 20.8 per […]

Pandemic helps London software developer make inroads in U.S. health-care market …

The software allows a health-care practitioner, such as a nurse or doctor, to support several patients in their homes by connecting with a care­giver, such as a personal support worker, using a mobile device. “COVID has been a struggle and it is driving a lot of change that works well for Sensory Technologies. “First, we […]

Untrue claims, ugly health risks and the shrinking black-market pot trade | London Free Press

This is the warning the OPP issued Thursday along with the findings from laboratory testing of illicit marijuana products seized across Ontario last year. Illegal growers also pose a danger to the communities where they operate. We have enabled email notifications—you will now receive an email if you receive a reply to your comment, there […]

ANALYSIS: $32M bust shows police shifting focus to illegal pot deliveries | London Free Press

“Since legalization, there’s been a big prevalence of illegal online websites in Ontario and Canada,” OPP Det.-Insp. Created after recreational pot was legalized in October 2018, the OPP’s Joint Forces Cannabis Enforcement Team originally targeted illegal dispensaries. As part of Project Gainsborough, police dismantled two secret cannabis extraction labs in Middlesex County and Brampton and […]

Pandemic, hot housing market fuel homelessness in rural Elgin County | London Free Press

“I’ve been in the role for three months now, and since coming on, the caseload has doubled,” said Tanya Dale, the centre’s rural homelessness systems navigator, a post created this year to support people who are homeless or at risk of homelessness in Elgin County outside St. “Typically, the centre used to have one, maybe […]

Ontario projected to hit $155 million in weed profits this fiscal year | London Free Press

Potential profits are expected to rise even higher, with figures in the 2021 Ontario Economic Outlook and Fiscal Review showing the Ontario portion of the Federal Cannabis Excise Duty from the federal government for 2021-2022 increasing substantially to $185 million in revenue. Ontario reportedly has about 1,200 weed stores already opened or on their way […]

Report says 70 per cent of cannabis sales in Quebec came through legal channels in 2021 …

In particular, the report highlights that the illicit market is in decline and that 70 per cent of the cannabis sales that occurred in the province in 2021 happened legally. The report focused on the provincial Act Surrounding Cannabis , which has been in effect since Oct. The report found that the prevalence of cannabis […]