News

Jan 11, 2016

December was a decent month for housing starts in the London area, capping a good year for residential construction led by the apartment sector.

 

The Canada Mortgage and Housing Corporation (CMHC) said there were 101 housing starts in December, up from 73 in the same month last year. The total includes 85 single-detached starts, a big jump from 55 in Dec. 2014 and 16 multi-family starts.

 

But overall it was apartment and row housing that led the way in 2015. The CMHC says there were 2,105 starts last year, up from 1,983 in 2014.

 

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Jan 10, 2016

Conventional wisdom has it those condo towers shooting up on the Toronto waterfront are snapped up by foreign investors for rental units.

 

But here in London, condos are almost always occupied by the owners.

 

It turns out the common wisdom may be wrong, according to a new survey from the Canada Mortgage and Housing Corporation (CMHC).

 

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Jan 10, 2016

The housing market in Kitchener and Waterloo ended 2015 on a high note with strong sales in the final month of the year.

 

The Kitchener-Waterloo Association of Realtors recorded 293 sales in December, 31 more than in the last month of 2014.

 

For the entire year, agents with the association sold 5,563 homes, up 4.9 per cent from the 5,302 that changed hands in 2014.

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Jan 07, 2016

City council may still tighten the rules around the kind of residential redevelopment that’s irked many in Old South, but not for at least six to 12 months.
 

And in the meantime, one politician warned, a “rush to market” of tear-downs likely looms after council voted Monday night against a one-year freeze on new home construction in that unique neighbourhood.
 

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Jan 07, 2016

London-area realtors are wrapping their second-best year ever, tying a bow on a 2015 that brought a nearly 10 per cent spike in sales and pushed them to within a whisker of the industry’s pre-recession record.
 

Even better, they say, the year ahead could put them over the top despite a slowing national economy.
 

In yet another sign of London’s resilient economic comeback, realtors sold 9,366 homes last year — up 9.9 per cent over 2014, and just shy of the 9,425 sold in 2007, before the recession clobbered the region.
 

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Jan 07, 2016

KITCHENER — After announcing the acquisition of the Ratz-Bechtel Funeral Home property on Monday, the Zehr Group now owns 5.1 acres of land for a massive, mixed-use redevelopment on King Street West.
 

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Dec 14, 2015

 

Some 1.3 million Ontario condo dwellers will be better protected and have more rights under long-awaited new provincial legislation that has passed unanimously at Queen’s Park.

 

In a province with 700,000 condominium units — and 10,000 different condo corporations for their residents — Government and Consumer Services Minister David Orazietti said it was time to update the law.

 

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Dec 14, 2015

After much debate earlier this year, regional politicians have opted not to loan a developer $6.1 million for a project in Waterloo.

 

"I think this is a very easy answer for this council," Regional Chair Ken Seiling said. "The municipality should never become the banker for a development in the region."

 

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Dec 11, 2015

It may be impossible to define what makes each of London’s neighbourhoods unique, but that’s not going to stop city hall from trying — at least in the case of Old South.
 

A planning-committee proposal spearheaded by Ward 11 Coun. Stephen Turner would impose a one-year ban on new-home construction in a large swath of Old South as staff tries to come up with a mechanism to ensure only homes that comply with the area’s character get built there.
 

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Dec 11, 2015

November was a slow month for house starts in the London area, but the market has broken through the 2,000-starts benchmark for 2015.
 

Canada Mortgage and Housing Corp. (CMHC) says there were 128 housing starts in London-St. Thomas in November, compared to 222 in the same month last year.
 

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