Team Nova Scotia continues to excel during the 2013 Canada Summer Games in Sherbrooke with week two athletes winning 26 medals during their first two days of competition. This brings Team Nova Scotia’s medal count to 39 medals. “I am incredibly proud of Team Nova Scotia. Your dedication to sport has paid off and it is wonderful to see you being rewarded for it,” said Premier Darrell Dexter. “On behalf of all Nova Scotians, congratulations on such a great start to week two of the competition.” The province’s paddlers dominated since competition began Monday, Aug. 12, by earning six gold, eight silver and five bronze medals. Team Nova Scotia also reached the top of the podium in athletics, with a gold medal in women’s shot put, para shot put, men’s decathlon and the 3000-metre steeplechase. “I have nothing but pride for the way our athletes have been performing since we arrived in Sherbrooke,” said Team Nova Scotia Chef de Mission, Lynda Shoveller. “In the last two days we’ve seen our medal count grow, personal bests achieved, and records broken. I can’t wait to see what else our athletes have in store for us this week.” The 2013 Canada Summer Games are taking place in Sherbrooke, Que., Aug. 2-17, and feature more than 4,000 athletes competing in 20 sports in 20 venues. Team Nova Scotia has more than 400 athletes, coaches, managers and mission staff. The Canada Games are held every two years, alternating between summer and winter. They are key in developing Canada’s young athletes, producing the next generation of national, international and Olympic champions. For more information, visit www.teamnovascotia.ca, @teamnovascotia on Twitter, and www.facebook.com/teamns on Facebook. iPhone users can download the jcg2013 mobile app from iTunes to follow the action in Sherbrooke.
TORONTO — Baby boomers continue to drive sales in the luxury real estate market, upsizing their homes while also helping their Gen-Y offspring with home purchases, according to a new report.[np_storybar title=”Toronto detached housing prices soar well past $1 million in seller’s market” link=”https://business.financialpost.com/personal-finance/mortgages-real-estate/toronto-detached-housing-prices-soar-well-past-1-million-in-sellers-market”%5D It’s not even close anymore, Canada’s largest housing market is clearly in sellers’ territory, the Toronto Real Estate Board said Tuesday.The Greater Toronto Area had 8,940 sales in March, an 11% increase from a year ago. The average sale price of all housing types across the GTA reached $613,933 while the average price of detached homes in the city of Toronto rose 15.9% from a year ago to $1,042,405.Continue reading. [/np_storybar]The study by Sotheby’s International Realty Canada, which involved interviews with leading realtors in specific markets, examined generational differences between buyers of luxury real estate in Toronto, Vancouver, Calgary and Montreal.It says when looking for top-tier real estate, baby boomers born between 1946 and 1964 gravitate towards traditionally prestigious neighbourhoods such as Toronto’s Forest Hill and Vancouver’s Kerrisdale.Meanwhile, family-driven buyers from Generation X, the generation born right after the baby boomers, tend to prioritize neighbourhoods with high-quality schools in vibrant communities.When looking for high-end homes, homebuyers from Generation Y, also referred to as Millennials, tend to prioritize trendy, urban neighbourhoods with high walkability scores.The average price for a Vancouver detached home just hit a new record: $1.4 millionAdventures in Mortgageland: Three Canadian tales of the house-buy in the modern ageSotheby’s president and CEO Ross McCredie says he was surprised to discover how much baby boomer parents are helping their Gen-Y kids with home purchases.Not only are parents chipping in financially, they also tend to be heavily involved in the process.McCredie says he was also surprised to discover how important transit is to Gen-Y homebuyers, even in the high-end real estate segment.“They’re focused on transit in a big way,” McCredie said. “Even though they might be buying a $1.5-million condo, a lot of them have no interest in buying a car.”Meanwhile, many baby boomers — who were widely expected to downsize in retirement and snatch up condos in droves — are choosing instead to upsize, the report found.“People in their late 60s who have obviously done well for a variety of different reasons are choosing to sell whatever home they’re in today and actually buy an even bigger and more expensive home, typically in the same neighbourhood that they live in,” McCredie said.