Exploring Toronto Harbour

Looking for a break from the city this summer but can't face all that traffic?
Why not check out one of Toronto's HarbourFront cruise lines?
There's a number available, and here's a great place to start -

Toronto FC remains unbeaten at home

Its home sweet home for Toronto FC as it cruised to a 3-1 win on June 14/2008 over the Colorado Rapids at the BMO Field. Some of Rostie staff enjoyed, the great game. Below are some pictures, Enjoy! Celebrations after Toronto FC's win against Colrado Rapids



Summer 2008

At Rostie Group, we are all ready for another great summer. Here is a list activities and attractions to enjoy this summer!
Read this document on Scribd: Summer of 2008

$28 billion takeover may have significance for BCE buyout deal

Verizon emerges as U.S. cellphone giant

A proposed U.S. merger between Verizon Wireless and recently privatized rival Alltel Corp. further highlights the unpopularity of leveraged buyouts in a tight credit market yet another strike against the pending $52 billion takeover of Canadian phone giant BCE Inc.

Verizon, with some 67 million subscribers, confirmed yesterday it will pay $28 billion (U.S.) for rural mobile phone service provider Alltel, with 13 million subscribers, in a deal that includes the assumption of $22.2 billion worth of debt.

Most of that was incurred when Alltel was taken private by TPG Capital and a unit of Goldman Sachs Partners in a leveraged buyout late last year.

The combined entity would become the biggest wireless provider in the United States with more than 80 million customers, leapfrogging Verizon ahead of the current leader AT&T Inc., with about 71 million.

From The Toronto Star, June 6, 2008
Jun 06, 2008 04:30 AM
Chris Sorensen
Business Reporter
For full story, see....
http://www.thestar.com/Business/article/438244

Toronto's Gone Condo Crazy

Condo craze heading skyward


April building permits jumped by 24 per cent to $1.26 billion in Toronto area, StatsCan says

Toronto's love affair with new condominium housing doesn't seem to be waning.

If anything, despite warnings from some analysts that the market has peaked and the sector may be overbuilt, recent figures show the attraction seems to be more intense.

April building permits were up by 24 per cent in the Toronto area to $1.26 billion, according to Statistics Canada figures released yesterday.

Virtually all the gain – the second highest since December of 2005 was due to multiple unit dwellings such as condominiums, according to Statistics Canada.

"The largest increase was in Toronto, where an increase in permits for multi-family dwellings more than offset a decline in intentions for single-family dwellings," said the federal agency.

Toronto was well above the national figure of a 14.5 per cent increase in building permits to a total of $6.4 billion in construction plans. Even then, economists were expecting it to be a flat month nationally.

"We were expecting a much more subdued month, so this handily toppled market expectations," said Royal Bank economist Rishi Sondhi.

According to Toronto condominium analysts Urbanation, 3,433 condominium sales were registered in the first quarter of the year, only eight units below the first quarter of 2007, which was part of a record year. However, resales condominiums – which are of less interest to investors who may want to flip the units – are down by 6 per cent in the first quarter of the year compared to last.

The hottest area remains the old city of Toronto, accounting for 50 per cent of all development activity.

Those sales are being spread across more projects, however. There are 277 condominium projects in the Toronto area market, 56 more than in the first quarter of last year.

From The Toronto Star, June 6, 2008
Tony Wong
BUSINESS REPORTER
For full story, see....
http://yourhome.ca/homes/article/438246


OFFICE BUSINESS CENTRE ASSOCIATION CANADA FORMED IN TORONTO

In the first initiative of its kind in Canada, a group of independent office business centre owners and managers have agreed to form an Office Business Centre (OBCA) association. Cynthia Rostie, President of the Rostie Group, has been elected to head up the new association during its inaugural year. Members will work together to increase industry profile and to improve exposure of Canadian centres in the global marketplace.

The goals of the OBCACAN association are inclusive of improved business, for the Office Business Centres, and for strengthening the markets in which they operate.

The OBCCAN is supported by the OBCAI (Office Business Center Association International, Inc.), the international trade association representing office business center owners.

For additional information about the OBCCAN, please visit our website: http://www.obcacan.com/, contact us by e-mail to info@obcacan.com.

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