Oshawa residents won’t have long to wait before they start seeing some changes to the Genosha Hotel.
Following council’s approval of a package that will net developer Bowood Properties nearly $1.5 million in assessment grants and other loans under the city’s Central Business District Renaissance Community Improvement Plan, (CIP) they hope to get work underway by the middle of August.
City of #Hamilton will hire designers for LRT system this month
The city will move ahead with its light rail transit dream next week when it will establish an office and hire a company to design the $1-billion system.
City councillors will vote Monday whether to create an LRT office, hire Steer Davies Gleave to do the conceptual design and environmental assessment, and hammer out a memorandum of agreement with Metrolinx.
TORONTO, ONTARIO--(Marketwired - Aug 6, 2015) - Toronto Real Estate Board President Mark McLean announced record home sales for the month of July. Greater Toronto Area REALTORS® reported 9,880 sales through TREB's MLS® System, representing an eight per cent increase compared to July 2014. The number of transactions were up for all major home types, including a double-digit year-over-year increase in condominium apartment sales.
Housing starts in the Kitchener-Cambridge-Waterloo Census Metropolitan Area (CMA) were trending slightly higher at 2,934 units in July compared to 2,864 units in June, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR) (1) of housing starts.
"Total housing starts trended slightly higher due to more single-detached and townhouse starts. Demand for ground-oriented housing has increased as strong growth in the population between 25 and 34 years-old and over fifty years-old has increased demand from both first-time buyers and move-up buyers. In addition, a tight resale market has meant more spill-over demand to the new home ownership market, boosting sales of single-detached homes and townhouses," said Erica McLerie, Senior Market Analyst at CMHC.
Housing starts in the Toronto Census Metropolitan Area (CMA) trended lower at 36,810 units in July compared to 39,108, in June according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR)1 of housing starts.
"Toronto housing starts decreased for the first time in five months, due to contracting apartment starts. However, strong sales of pre-construction condominium apartments over the past two years will convert to more starts as the year progresses," said Dana Senagama, CMHC Principal Market Analyst for the GTA. "Low-rise starts remained robust. A tighter resale market also resulted in demand spilling over into the new home market."
OTTAWA — The Canada Mortgage and Housing Corp. said Tuesday that the pace of new home construction slowed in July for the first time in three months, mostly as a result of fewer multi-unit projects started in urban areas — particularly Calgary.
CMHC says the seasonally adjusted annual rate last month was 193,032 units nationally, down from 202,338 units in June.
Brampton LRT integral part of regional transit plans
When the going got tough, Brampton decided to defer. By not making a decision on the Brampton Huron Main LRT route, Brampton council did not just fail its residents; it failed both Peel and neighbouring York Region. By not taking the advice of consultants, the Province, and an overwhelming number of citizens, Brampton council is threatening a critical piece in the regional transit network that includes linkages to two Go stations as well as future rapid transit on Queen Street linking to Highway 7 and the Spadina subway extension.
Brampton, the sprawling suburb familiar with building subdivisions and big box retail stores, is in a transition. Like many GTA suburbs, Brampton is urbanizing, making a gradual transition that is occurring in municipalities across the GTA. Unlike its progressive GTA suburban counterparts, however, Brampton is struggling with making decisions about its future.
In the summer of 2014, Wilf Dinnick, a former news correspondent, accepted a job running Al Jazeera’s website in Doha, Qatar. He and his wife, Sonia Verma, a newspaper reporter, had settled in Toronto in 2009. They bought a beautiful four-bedroom brick semi at 47 Lakeview Avenue, near Dundas and Ossington, for $719,000. They loved the area—minutes from Trinity Bellwoods Park, steps from their favourite restaurants and cafés, and surrounded by neighbours who quickly became close friends. Rather than sell the house before the move, they decided to rent it out. They knew that if they were ever going to return to Toronto, they would want to build their life in the same area. Plus, in a neighbourhood that continued to gentrify, selling didn’t make sense. They hired Chestnut Park, which deals with some of the most expensive real estate in the city, to manage the rental. For $4,000, Sarah Giacomelli, a realtor with over 20 years of experience, agreed to take care of everything: placing an ad, vetting the candidates, choosing the tenant and handling the paperwork. A few weeks after the family had arrived in Doha, Giacomelli reported that she’d found terrific tenants. The Gubbs were a family of four: Jesse, his girlfriend, Haruka, his brother, Troy, and his father, John. Jesse, who appeared to handle the rental negotiations for the family, worked in sales at a technology company called Web Factory Studios Canada. He drove a Range Rover, had more than $44,000 in savings and would have no trouble covering the $3,600 monthly rent. Another potential tenant showed interest in the property, but Gubb won them over with a sob story: he was trying to get his family, once estranged but newly reunited, under one roof. He upped his rent offer to $4,000 to seal the deal, and it worked.
But the debate over where to put them? It never left.
The latest flashpoint in a battle that pits landlords against neighbours is an unremarkable 1¾-storey house in Courtland Park, a postwar Ottawa neighbourhood between Fisher Avenue and Prince of Wales Drive south of Baseline Road.
New low-rise home prices in the #GTA hit all-time high
The average asking price for new low-rise homes and new high-rise homes per square foot both reached new highs last month in the GTA, according to numbers released Thursday from market research firm RealNet.
For new low-rise homes, which include detached and semi-detached homes as well as townhomes, the average asking price hit a record-setting $806,391 last month, according to RealNet’s New Home Price Index.
Hamilton International Airport celebrates cargo centre opening
Today, the Federal and Ontario governments joined with Hamilton’s Municipal Government, TradePort International Corporation and Cargojet Airways to celebrate the grand opening of the $12 million Air Cargo Centre at John C. Munro Hamilton International Airport.
Joint funding of the 77,000 square foot facility was announced in January 2013 and will support the expansion of cargo operation at the Airport, and stimulate job creation and economic development for the City of Hamilton and greater region.