News

May 19, 2016

They’re coming home and bringing money with them.
 

Londoners who moved to Alberta for better jobs during its boom are expected to start moving back, helping to boost area home building and housing prices, Canada Mortgage and Housing Corp. forecasts.
 

Combined with other factors driving local sales, including seniors cashing out of hot markets elsewhere to buy here, CMHC predicts a shortage of listings to meet the demand will make London a seller’s market.
 

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May 19, 2016

WATERLOO REGION — Housing starts in Waterloo Region will fall slightly this year due to a decline in apartment construction, says the Canada Mortgage and Housing Corp.
 

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May 19, 2016

TORONTO — Canada Mortgage and Housing Corp. is expecting home construction to be slower in most of the country in the next two years compared with 2015, though it says stark differences in outlook have emerged in various regions.
 

The Ottawa-based agency announced Wednesday that between 181,300 and 192,300 housing units will be started this year and the range for 2017 will be between 172,600 and 183,000 units.
 

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May 18, 2016

Canada Mortgage and Housing is forecasting higher prices and more housing starts in the London Census Metropolitan Area in 2016 and 2017.

 

In its spring housing market outlook report released Wednesday, CMHC said starts will range from 2,150 to 2,400 units in 2016 and 2.200 to 2,550 in 20-17.

 

The average MLS price in London is expected to be within the range of $275,000 to $283,000 this year and $285,000 to $297,500 next year.

 

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May 18, 2016

A proposal to build 124 apartments in two six-storey buildings as part of a residential and commercial development on Victoria Road North was attacked by neighbours when it came before council for the first time.

 

“We all have to be open to change,” Coun. James Gordon said at the May 9 council meeting, but the proposed development is “pretty radical compared with what they (the neighbours) were expecting.”

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May 18, 2016

Education trustees have hiked taxes on new homes by $910 to help pay for schools, drawing warnings that the move hurts first-time homebuyers.

 

The 54 per cent development charge increase means a residence built June 1 or later is taxed $2,601 by the public and Catholic school boards. It's a one-time tax that's included in the cost of a home.

 

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May 11, 2016

Orchard Design is back with another branding project! Sifton's Warbler Woods is a master planned community in London, nestled into a wooded area. Together we've created the logo (Warbler Woods as well as The Avenue at Warbler Woods) a-frames, site signs and the siteplan.



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May 11, 2016

The era of sprawling suburban build-out across much of the GTA might finally be over.
 

With 3.5 million people set to move into the Greater Toronto and Hamilton Area over the next 25 years, the province is promising sweeping changes to manage smart growth and curb urban sprawl that's crippling the region.
 

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May 11, 2016

A company that wants to build a 10-townhouse development across from Guelph's Royal City Park has received city hall support for a deadline extension for when it needs to build in order to be eligible for a city grant.
 

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May 11, 2016

WATERLOO — Hip Developments wants to build a 20-storey condo and commercial building at the former Brick Brewing site on King Street South. On Monday, Waterloo councillors heard about the rezoning application for the first time.
 

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