Newspaper article The Canadian Press

--Ontario Update-

Newspaper article The Canadian Press

--Ontario Update-

Article excerpt



Bank of Canada Governor Stephen Poloz says there's increasing evidence of speculation in Toronto's hot housing market.

The average price of a detached house in the Toronto area has passed the 1.5-million-dollar mark and Poloz says demand is being driven more by speculators than by people buying a family home.

However, he says homeowners and buyers should keep in mind the fact that prices can go down as well as up.

Premier Kathleen Wynne says there's no one measure that will change market dynamics, but she has promised to bring in a package of initiatives to address housing affordability -- something she hopes will calm the process. (The Canadian Press)



New research predicts that Ontario's lakes are among thousands in North America that could be damaged by road salt over the next 50 years.

The research, published in the Proceedings of the National Academy of Sciences, suggests that if current road salting practices continue, many freshwater lakes will have too much salt in them to sustain their current levels of aquatic life.

The study, which looked at 371 lakes -- including nine in Ontario -- found those near salted roadways showed significantly higher chloride concentrations, while those in more remote areas did not.

Canada listed road salt as a toxic substance in 1999, but the study said five million metric tons of it were applied to national roadways between 1995 and 2001. (The Canadian Press)



Environment Canada is trying to determine whether damage done to a barn northeast of London was caused by a small tornado.

A line of thunderstorms rolled through the area yesterday and officials say the barn's roof was torn off.

A team of investigators from Western University is surveying the damage and will be reporting back to Environment Canada.

A weather agency spokesman says it is slightly early for these types of storms to strike southwestern Ontario, but it isn't unheard of. …

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