February 2014 Ontario Economic Fundamentals
- Thread starter Ally
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Feeling the love for Barton, for Hamilton
They heard the buzz then they went to brunch. About a year-and-a-half ago Kelly Seagram and two friends got together for brunch in Toronto, spread out a bunch of real estate listings for Hamilton and got ready to hunt.
The 30-somethings knew Hamilton would offer houses they actually might be able to afford, but just as important they heard Hamilton was a happening place.
Read the full article here.
They heard the buzz then they went to brunch. About a year-and-a-half ago Kelly Seagram and two friends got together for brunch in Toronto, spread out a bunch of real estate listings for Hamilton and got ready to hunt.
The 30-somethings knew Hamilton would offer houses they actually might be able to afford, but just as important they heard Hamilton was a happening place.
Read the full article here.
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LRT ridership goals nearly reached on Waterloo Region corridor
WATERLOO REGION ` Regional officials say they have nearly achieved projected 2017 light rail ridership goals with Grand River Transit along the future transit corridor.
Bus ridership between Conestoga Mall in Waterloo and Fairview Park mall in Kitchener is at 20,000 riders per day ` just 5,000 short of a 2017 goal, a regional report says.
Read the full article here.
WATERLOO REGION ` Regional officials say they have nearly achieved projected 2017 light rail ridership goals with Grand River Transit along the future transit corridor.
Bus ridership between Conestoga Mall in Waterloo and Fairview Park mall in Kitchener is at 20,000 riders per day ` just 5,000 short of a 2017 goal, a regional report says.
Read the full article here.
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Competition case against Toronto Realtors not over yet
The years-long war of words between the Toronto Real Estate Board and Ottawa`s Competition Bureau isn`t quite over yet.
The Federal Court of Appeal has ruled that a competition tribunal erred in dismissing allegations of anti-competitive practices by Canada`s largest real estate board on a technicality last April.
Read the full article here.
The years-long war of words between the Toronto Real Estate Board and Ottawa`s Competition Bureau isn`t quite over yet.
The Federal Court of Appeal has ruled that a competition tribunal erred in dismissing allegations of anti-competitive practices by Canada`s largest real estate board on a technicality last April.
Read the full article here.
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Expect government spending to rebound in Ottawa
While some of the job growth will come from the private sector, the report predicts that government spending ` and hiring ` will begin increasing after several years of cuts.
"Ottawa, traditionally an area of stability within Ontario's economy, is also faced with challenges stemming from government spending restraint," said Robert Kavcic, a senior economist with BMO Capital Markets, in a press release.
Read the full article here.
While some of the job growth will come from the private sector, the report predicts that government spending ` and hiring ` will begin increasing after several years of cuts.
"Ottawa, traditionally an area of stability within Ontario's economy, is also faced with challenges stemming from government spending restraint," said Robert Kavcic, a senior economist with BMO Capital Markets, in a press release.
Read the full article here.
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Who's paying for a review of Waterloo's rental bylaw?
The president of the Waterloo Region Apartment Management Association is glad the city has resolved its ongoing rental housing bylaw issue with the Ontario Human Rights Commission ` but he`s upset with how the city is planning to pay for a review of the bylaw.
Mike Milovick, who represents about 500 landlords and thousands of tenants in Waterloo Region, said the city should not be paying for a planned 2016 review with funds in the rental housing bylaw reserve.
Read the full article here.
The president of the Waterloo Region Apartment Management Association is glad the city has resolved its ongoing rental housing bylaw issue with the Ontario Human Rights Commission ` but he`s upset with how the city is planning to pay for a review of the bylaw.
Mike Milovick, who represents about 500 landlords and thousands of tenants in Waterloo Region, said the city should not be paying for a planned 2016 review with funds in the rental housing bylaw reserve.
Read the full article here.
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Toronto home prices surge again 'outpacing family incomes'
Toronto home sales edged down in the bitter chill of January, but prices surged, again throwing up red flags.
Sales fell 2.2 per cent from a year earlier to 4,135 as new listings plunged 16.6 per cent, the Toronto Real Estate Board said Wednesday.
The average selling price, in turn, surged more than 9 per cent to $526,528. The so-called benchmark price climbed 7.1 per cent from a year earlier.
Read the full article here.
Toronto home sales edged down in the bitter chill of January, but prices surged, again throwing up red flags.
Sales fell 2.2 per cent from a year earlier to 4,135 as new listings plunged 16.6 per cent, the Toronto Real Estate Board said Wednesday.
The average selling price, in turn, surged more than 9 per cent to $526,528. The so-called benchmark price climbed 7.1 per cent from a year earlier.
Read the full article here.
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$12 million expansion of at flying colours taking off
Flying Colours Corp., the local company that specializes in custom jet interiors, is planning a new, $12-million expansion - and they`ll get a provincial grant of about $1.2 million to help them do it.
John Gillespie, the CEO of Flying Colours, says they are going to add between 60 and 100 jobs over the next year as they increase the number of airplane interiors they do.
Read the full article here.
Flying Colours Corp., the local company that specializes in custom jet interiors, is planning a new, $12-million expansion - and they`ll get a provincial grant of about $1.2 million to help them do it.
John Gillespie, the CEO of Flying Colours, says they are going to add between 60 and 100 jobs over the next year as they increase the number of airplane interiors they do.
Read the full article here.
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Royal LePage announced major expansion in Southern Ontario
TORONTO, Feb. 6, 2014 /CNW/ - Royal LePage is pleased to announce the addition of Toronto-based Coldwell Banker Terrequity Realty (Terrequity) to the Royal LePage Network. Terrequity is the largest Coldwell Banker franchise in Canada, with an extensive network of nearly 400 agents, operating out of 13 offices across the Greater Toronto Area.
"I am delighted to welcome the celebrated Terrequity team to the Royal LePage family," said Phil Soper, President and CEO, Royal LePage. "Beyond being one of Canada's largest real estate brokerages, the hundreds of professionals in the company have created a high performance culture hard-wired to deliver superior client service. We are proud that they chose Canada's fastest growing national firm as their new home. It is so true that success attracts success."
Read the full article here.
TORONTO, Feb. 6, 2014 /CNW/ - Royal LePage is pleased to announce the addition of Toronto-based Coldwell Banker Terrequity Realty (Terrequity) to the Royal LePage Network. Terrequity is the largest Coldwell Banker franchise in Canada, with an extensive network of nearly 400 agents, operating out of 13 offices across the Greater Toronto Area.
"I am delighted to welcome the celebrated Terrequity team to the Royal LePage family," said Phil Soper, President and CEO, Royal LePage. "Beyond being one of Canada's largest real estate brokerages, the hundreds of professionals in the company have created a high performance culture hard-wired to deliver superior client service. We are proud that they chose Canada's fastest growing national firm as their new home. It is so true that success attracts success."
Read the full article here.
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Toronto home sales decline
The Toronto real estate market is showing signs of cooling to start the year as January sales dropped 2.2 percent to the lowest for that month since 2009.
Home sales in the nation`s largest housing market fell to 4,135 units from 4,229 units a year earlier, the Toronto Real Estate Board said today in a statement, citing a 17 percent drop in new listings. Average sales prices in the city rose 9.2 percent to C$526,528 ($475,000), the board said.
Read the full article here.
The Toronto real estate market is showing signs of cooling to start the year as January sales dropped 2.2 percent to the lowest for that month since 2009.
Home sales in the nation`s largest housing market fell to 4,135 units from 4,229 units a year earlier, the Toronto Real Estate Board said today in a statement, citing a 17 percent drop in new listings. Average sales prices in the city rose 9.2 percent to C$526,528 ($475,000), the board said.
Read the full article here.
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Toronto real estate market shifts
TORONTO ` Real Estate ` The real estate market in Toronto is shifting. While some are calling for a slower market, that prediction is yet to demonstrate itself in prices or demand for new homes. Royal LePage has announced the addition of Toronto-based Coldwell Banker Terrequity Realty (Terrequity) to the Royal LePage Network. Terrequity is the largest Coldwell Banker franchise in Canada, with a network of nearly 400 agents, operating out of 13 offices across the Greater Toronto Area.
Read the full article here.
TORONTO ` Real Estate ` The real estate market in Toronto is shifting. While some are calling for a slower market, that prediction is yet to demonstrate itself in prices or demand for new homes. Royal LePage has announced the addition of Toronto-based Coldwell Banker Terrequity Realty (Terrequity) to the Royal LePage Network. Terrequity is the largest Coldwell Banker franchise in Canada, with a network of nearly 400 agents, operating out of 13 offices across the Greater Toronto Area.
Read the full article here.
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New office tower stacking plan shows what's available in Toronto
Ashlar Urban Realty, a local commercial real estate firm, has compiled an interesting stacking plan that focuses on who is moving into Toronto`s 10 newest office buildings, and what space remains available. We've taken the liberty to re-arrange the buildings in the order they are scheduled to be completed. We thought you'd be interested. Click the image to see it larger.
Read the full article here.
Ashlar Urban Realty, a local commercial real estate firm, has compiled an interesting stacking plan that focuses on who is moving into Toronto`s 10 newest office buildings, and what space remains available. We've taken the liberty to re-arrange the buildings in the order they are scheduled to be completed. We thought you'd be interested. Click the image to see it larger.
Read the full article here.
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January 2014 Ottawa housing starts
OTTAWA, ONTARIO--(Marketwired - Feb. 10, 2014) - Housing starts in the Ottawa Census Metropolitan Area (CMA) were trending at 6,039 units in January compared to 7,341 units in December 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.
Read the full article here.
OTTAWA, ONTARIO--(Marketwired - Feb. 10, 2014) - Housing starts in the Ottawa Census Metropolitan Area (CMA) were trending at 6,039 units in January compared to 7,341 units in December 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.
Read the full article here.
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January 2014 housing starts in KWC
TORONTO, ONTARIO--(Marketwired - Feb. 10, 2014) - Housing starts in the Kitchener-Cambridge-Waterloo Census Metropolitan Area (CMA) were trending up at 2,230 units in January compared to 2,110 in December, 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.
Read the full article here.
TORONTO, ONTARIO--(Marketwired - Feb. 10, 2014) - Housing starts in the Kitchener-Cambridge-Waterloo Census Metropolitan Area (CMA) were trending up at 2,230 units in January compared to 2,110 in December, 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.
Read the full article here.
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January 2014 housing starts in Toronto
TORONTO, ONTARIO--(Marketwired - Feb. 10, 2014) - Housing starts in the Toronto Census Metropolitan Area (CMA) were trending at 36,367 units in January compared to 35,547 in December according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR)[sup]1[/sup] of housing starts.
Read the full article here.
TORONTO, ONTARIO--(Marketwired - Feb. 10, 2014) - Housing starts in the Toronto Census Metropolitan Area (CMA) were trending at 36,367 units in January compared to 35,547 in December according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR)[sup]1[/sup] of housing starts.
Read the full article here.
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Surging Toronto home prices pose a risk in 2-3 years
The surge in Toronto prices is shaping up as a major economic threat, Bank of Montreal warns in a new report.
In an economic forecast for North America released today, the bank noted three `risks,` including those from newly embattled emerging markets, the continuing tussle over the U.S. government debt ceiling and, on the domestic front, residential real estate in Canada`s biggest city.
Read the full article here.
The surge in Toronto prices is shaping up as a major economic threat, Bank of Montreal warns in a new report.
In an economic forecast for North America released today, the bank noted three `risks,` including those from newly embattled emerging markets, the continuing tussle over the U.S. government debt ceiling and, on the domestic front, residential real estate in Canada`s biggest city.
Read the full article here.
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Oshawa job numbers start to slide
As the winter wears on, unemployment in Oshawa continues to rise.
Statistics Canada recently reported the Oshawa census metropolitan area, which includes Clarington and Whitby, had an unemployment rate of 7.2 per cent in January. It was a 0.2 per cent increase over the seven per cent unemployment seen in December. At 7.2 per cent it is also a 2.1 per cent decrease from January 2013.
Read the full article here.
As the winter wears on, unemployment in Oshawa continues to rise.
Statistics Canada recently reported the Oshawa census metropolitan area, which includes Clarington and Whitby, had an unemployment rate of 7.2 per cent in January. It was a 0.2 per cent increase over the seven per cent unemployment seen in December. At 7.2 per cent it is also a 2.1 per cent decrease from January 2013.
Read the full article here.
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Chrysler's pitch: 2 plants, thousands of jobs
Chrysler Group LLC is proposing a major $3.6-billion retooling of not one but two Canadian auto plants as it enters high-stakes negotiations with the federal and Ontario governments for financial assistance.
The auto maker wants to spend about $2.6-billion at its Windsor plant to retool it for a new generation of the company`s minivans and invest an additional $1-billion at its Brampton factory, which assembles the Chrysler 300 sedan and other large cars, according to sources familiar with the situation.
Read the full article here.
Chrysler Group LLC is proposing a major $3.6-billion retooling of not one but two Canadian auto plants as it enters high-stakes negotiations with the federal and Ontario governments for financial assistance.
The auto maker wants to spend about $2.6-billion at its Windsor plant to retool it for a new generation of the company`s minivans and invest an additional $1-billion at its Brampton factory, which assembles the Chrysler 300 sedan and other large cars, according to sources familiar with the situation.
Read the full article here.
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Ford to build new Edge sports utility vehicle at Oakville plant
Ford Motor Co. announced Thursday it would build the all-new Edge sports utility vehicle at its plant in Oakville, Ont., that will be shipped to 60 countries.
The news follows the announcement of a $700-million investment in the plant, including a $142-million investment divided between the Canadian and Ontario governments, last September.
Read the full article here.
Ford Motor Co. announced Thursday it would build the all-new Edge sports utility vehicle at its plant in Oakville, Ont., that will be shipped to 60 countries.
The news follows the announcement of a $700-million investment in the plant, including a $142-million investment divided between the Canadian and Ontario governments, last September.
Read the full article here.