Burks Falls, Ontario is getting two buildings worth of new rental housing. Burks Falls, located near North Bay, is a small town of only 1,000 residents. Despite the small size, the town had a need for more rental real estate.
The number of vessels that are being scrapped world wide is at its highest since November 2009. On December 19th 219 ships with a capacity to carry 546,000 boxes were idled. Alphaliner, the Parisian maritime data provider, reported that demolition of vessels will continue into 2012.