News

Aug 10, 2016

KITCHENER — A provincial tribunal has approved Momentum Developments' plans for a large condominium with two towers and more than 300 units at 100 Victoria Street South.
 

The Ontario Municipal Board handed down a decision Friday that paves the way for the project with no changes or conditions.
 

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Aug 10, 2016

Fuelled by a red hot real estate market, home building in the London area is on a roll not seen since before the last recession, says the president of the London Home Builders’ Association (LHBA).
 

So far this year there have been 784 single family starts, up 42 per cent from the first seven months of 2015.
 

Trevor McKenzie, president of the home builders’ association, said the market is the strongest in almost 10 years.
 

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Aug 08, 2016

KITCHENER — House prices in Kitchener and Waterloo surged in July as a shortage of listings continued to limit choice for home buyers.
 

The average sale price last month jumped 13.2 per cent to $387,102 compared to a year earlier.
 

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Aug 04, 2016

The unstoppable rise in home prices in the GTA and Hamilton is persuading more 20-to-40 something buyers now is the time to jump in for fear they if they don't they'll be locked out of the market for good.
 

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Aug 03, 2016

The hot streak continues for the London real estate market, with July sales almost setting another monthly record.
 

The London and St. Thomas Association of Realtors (LSTAR) said 990 homes sold last month, just shy of the 1,009 units sold in July 2007.
 

That follows a sales record for the month of June and the second-best May in the London-St. Thomas market.
 

“These kinds of numbers, month after month after month, speak to the vibrancy of our current market,” LSTAR president Stacey Evoy said Tuesday.
 

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Jul 28, 2016

WATERLOO — The city is calling on community members to help craft a neighbourhood strategy so it can help residents create a feeling of community.
 

Recruitment is underway for up to 40 residents who will form an advisory panel to offer in-depth input on the strategy, expected to be complete in 2018.
 

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Jul 28, 2016

WATERLOO — Intensification is causing some tension in the City of Waterloo as neighbourhoods push back and councils vote down applications in line with the city's official plan, leaving developers uneasy about what council might do.
 

In recent months, politicians voted down two applications supported by their own planning staff and criticized another not yet up for approval.
 

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Jul 25, 2016

When new projects are announced in old neighbourhoods, the fallout can be unpleasant, but in Cambridge some people are showing it is possible to reach a happy compromise
 

CAMBRIDGE — When Wendy Patterson heard about a possible townhouse development going up across the street from her Blair Road bungalow, she was incensed.

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Jul 15, 2016

TORONTO — Realtor Royal LePage says the national average home price climbed 9.2 per cent during the second quarter compared to a year ago — the largest year-over-year gain in five years.
 

In its latest report, the realtor says the national average home price grew to $540,223 during the quarter, fuelled by low borrowing rates.
 

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Jul 12, 2016

OTTAWA — Canada Mortgage and Housing Corp. says the pace of home construction picked up last month, boosted by work beginning on apartments in Ontario and especially condominiums in Toronto.
 

The housing agency said Monday the seasonally adjusted annual rate of housing starts was 218,333 units in June, up from 186,709 in May.
 

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