September 13 2017
Kitchener Waterloo Real Estate News Update
September 13 2017. In today’s news: diamond interchange, robotic furniture, Netherlands, interim occupancy, linking Kitchener to Guelph, bank hikes, Honk Mobile, housing starts, year end predictions, changes to the GRT routes and buying what you think you’re getting.
A unique interchange, the first of its kind in Canada, opened in south Calgary. The divergent diamond design is supposed to help traffic flow through this $78 million project.
One room, one hundred ways with robotic furniture
Guided by the principal that interior space, particularly in high-density urban innovation centres around the world, has become too expensive to be static and unresponsive, Ori’s breakthrough innovation, technology and design create dynamic environments that act and feel as though they are substantially larger.
Living in Sparkling Water next door to Narrow Passage
Expedia Canada’s map of The Literal Translation of Places in Canada and the United States is the most entertaining, informative and shareable map I’ve seen in a long time.
From the “this is so cool department”
For every person in the Netherlands there is 1.3 bikes. So it is no wonder that they have the world largest bike garage. This rings my bell.
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Understanding interim occupancy
The first of a two-stage process involved in closing on a new or pre-construction condo, is known as the interim occupancy period. It’ll be a few months before you reach the second and final stage, aptly titled ‘final closing’, when the building is officially registered with the municipality and ownership is transferred to individual residents, including yourself.
Buyer paid for property he did not get
The most important thing a real estate lawyer must do for his purchaser clients is to confirm the exact dimensions, and location, of the property they are buying. Boro Radjevic learned how important this is the hard way when he recently found out that a 2.21-metre strip of land adjacent to his three-storey townhouse doesn’t belong to him — it’s actually owned by the City of Toronto.
4 lane Kitchener-Guelph link 32 years in the making
Envisioned in 1980s, new completion date is 2021
Big banks hike prime rates after Bank of Canada tightens monetary policy
Big banks raise prime rates after central bank bumps key lending rate. What does this mean to your mortgage?
200 iXpress, parts of route 7 to be cut in 2018, with GRT bus realignment for ION
The new routes are set to launch in spring with ION light rail, but members of the public are being invited to give their input on the proposed new Grand River Transit routes online, or go to a public consultation
Canada housing starts speed up in August compared with July
Canada Mortgage and Housing Corp. says housing starts came in at a seasonally adjusted annual rate of 223,232 units for August.
HonkMobile launch event
Date: Wednesday, Sept. 13, 2017
Time: 1:30 p.m.
Location: Waterloo Town Square North Lot
More about HonkMobile here
My predictions for the Autumn real estate market
As a long time real estate blogger and the keeper of several spreadsheets, I’ve found that my google analytics and my own sales activity is a wonderful reflection of how the market is behaving. I’ve been keeping track.