Monthly Archive: July 2021

Unreal estate

During the last two years, the average price for a detached house in Canada has risen 25 percent, even more in Toronto. As a result, many hopeful first-time home buyers have been priced out of the market. This go-go period is all so reminiscent of the run-up in the 1980s that was followed by a 50 percent drop in values during the recession of the 1990s. It took until the early 2000s for values to get back to where they had been. I’m not predicting a repeat performance. This economy is stronger … at the moment. But I do think...

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Joyce McKeough 1937-2021

For Joyce McKeough, politics was a precious part of her life. Her father, David Walker, was a member of the House of Commons, a cabinet minister in the John Diefenbaker government, and later, a senator. Her husband, Darcy, served in the Ontario Legislature for fifteen years and was Treasurer in the Bill Davis government. Educated at Branksome Hall and Trinity College at the University of Toronto, Joyce had been presented at court to Queen Elizabeth and Prince Philip and came away with a vivid remembrance of “the devastating eyes of the Prince.” Joyce was working at an advertising agency, Ronalds-Reynolds,...

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