September 11 2017 Kitchener Waterloo Real Estate News Update

September 11

September 11 2017

Kitchener Waterloo Real Estate News Update

 

September 11 2017. In today’s news: living amongst short-term guests, high rise forests, not passing Ayr, buying Berlin, easy land, touring the Ion, Waterloo Region’s Economic outlook, new LED lights,  green bath tubs and pink toilets

 

All but one

Andrew Chapman lives in a nine-unit condo building converted from a boutique hotel in downtown Montreal near the busy Berri-UQAM Metro station, a desirable home in a desirable area of an internationally popular city. So much so, that Chapman has found himself to be the building’s only full-time resident — because the rest of the units are being rented on services like Airbnb.

High-rise forests in Italy are fighting air pollution

Air pollution is the single biggest environmental health risk the world faces today, with outdoor pollution linked to 3 million deaths every year. It’s no wonder designers and engineers are racing to come up with all kinds of air-purifying solutions, from smog-sucking towers and bikes to moss-covered walls. But one of the most impressive ideas so far can be found in Milan, Italy — the design capital of the world and one of the most polluted cities in Europe.

Berlin borough buying

To stop landlords from hiking up rents, one Berlin borough is taking drastic action: blocking the sale of a building and buying it up for the government.

Ontario Government not passing Ayr

Ontario is partnering with Unilock to build a new manufacturing plant in Ayr, creating 16 new jobs in addition to the plant’s 61 existing positions. Unilock manufactures concrete interlocking paving stones and retaining wall segments used in backyard patios, driveways and landscaping features.

All the easy land was built on 15 years ago

The massive regional divergence in house price gains in recent years cannot be explained by under-building and tight supply in Toronto and Vancouver. Here’s a chart.

They do have certain charms

I have to admit that it is always a treat when I get to see a green bathtub or a pink toilet. This article argues that there are five decorating trends that ‘deserve a comeback’. Ah, not so fast.

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Software! The latest LRT snafu

Latest launch date in jeopardy as Bombardier fails to deliver a train that works

Prices float down to near last year’s level

Toronto home sales plunged almost 35 per cent in August. The average Toronto price for all home types was $732,292, still up three per cent from August 2016.

New LED streetlights in Kitchener foreshadow smart city

More than 16,000 LED streetlights with adaptive controls will be installed in Kitchener by end of this year, replacing old high-pressure sodium bulbs. The adaptive control modules will allow the city to turn streetlights on and off in a computer system

Economist forecasts ‘solid performance’ for Waterloo Region

Waterloo Region’s economy will likely grow at the same speed as or even faster than the Ontario economy over the next two years, according to the chief economist of the Conference Board of Canada.

Ion facility tour planned during Doors Open Waterloo Region

The Ion operations, maintenance and storage facility will be open Saturday, Sept. 16, from 10 a.m. to 5 p.m. at 518 Dutton Dr. in Waterloo.

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