Peter Hannoush - ReMax

06/20/2013

As Toronto home prices soar, New Low-Rise construction drops to lowest in 10 Years!

New home sales across the GTA hit their lowest level on record for May as average prices were pushed to new highs of $644,427, according to RealNet Canada.The 26 per cent decline in house sales year over year, but a six per cent rise in new house prices, is being blamed on a dwindling supply of enou...

06/14/2013

Bank of Canada warns investors of over inflated Toronto Condo market.

OTTAWA — An overbuilt and overpriced condominium market is posing a risk to Canadian households, banks and the economy in general, the Bank of Canada warned Thursday in its latest review of the health of the country’s financial system.The central bank particularly singles out the Toronto condo marke...

06/10/2013

Real Estate Statistics for May!
*15.8% more homes sold last month, than in May 2012!
*Average price of a detached home is up 7.4% last month, than in May 2012!

06/08/2013

The paradox of the Vancouver real estate market. Great Article!

It’s no secret that the rich investor class is buy­ing up prop­er­ties in cities around the world, includ­ing Van­cou­ver.In Man­hat­tan, the super rich for­eign class is dri­ving a boom in lux­u­ry condo tow­ers that is widen­ing the gap. Places such as Lon­don, and Syd­ney are feel­ing the hard...

05/30/2013

Over 800,000 sqft of new development happening on the former NCR lands!
If you have been wondering what all the construction is going to bring at the corner of Northfield and Weber, read on. 16 hectares of office space, condos, a hotel and shops!

WATER­LOO — It’s time to funk out the sub­urbs of north Water­loo and pro­vide some cool work­space to keep and attract tech busi­ness­es.This is the vision of Inter­mar­ket Devel­op­ments and Tri­ove …

05/13/2013

Are K-W House prices rising? From April 2012 to April 2013 the average number of homes on the market has dropped -1.5%, however the average sales prices has risen +5.6%. Year to date, home sale prices are up +3.6%.

05/09/2013

Waterloo Region votes NO to local casino!

WATER­LOO REGION — Region of Water­loo coun­cil­lors voted 10-5 to say an Ontario Lot­tery and Gam­ing Corp. casi­no isn’t wel­come here.The motion was put for­ward by Region­al Chair Ken Seil­ing.“Th …

04/30/2013

Casino talks for Waterloo region continue! This is sure to be a contentious issue that will leave one side very bitter.

WATER­LOO REGION — The City of Kitch­en­er’s eco­nom­ic devel­op­ment advi­so­ry com­mit­tee wants coun­cil to sup­port a casi­no to get detailed dis­cus­sions under­way with the Ontario Lot­tery Cor­ …

04/20/2013

OLG will pitch the benefits of a local casino in Waterloo Region! If you want you're voice heard on this matter, here's your chance to ask the tough questions!

KITCH­EN­ER — Offi­cials with the Ontario Lot­tery and Gam­ing Cor­po­ra­tion will tell city coun­cil­lors on Tues­day that a casi­no here would put mil­lions into munic­i­pal cof­fers every year.The …

04/13/2013

Province of Ontario backs region of waterloo legal disputes with local developers. The regions official plan - attempts to keep 40% of all new development within strict the city. Developers vow to fight back.

WATER­LOO REGION — The Region of Water­loo now has a pow­er­ful ally in its bid to have the courts reverse a tri­bunal deci­sion in Jan­u­ary that opened much more land to sub­ur­ban devel­op­ment tha …

04/04/2013

Ontario Municipal Board rules against waterloo region and refused to revisit its decision in favor of developers that opens up to 1,053 hectares (2,593 acres) for new suburbs between now and 2031. The region wanted that kept number down to 85 hectares (159 acres). This is set to get ugly as the region is now seeking a court ruling!

WATER­LOO REGION — The Region of Water­loo lost its bid to have a provin­cial tri­bunal recon­sid­er a Jan­u­ary rul­ing that opened up far more land for new devel­op­ment than the region want­ed.Last …

03/31/2013

Toronto isn't the only one with record building permits. Los Angeles sees record high new building permits as official plan calls for intensification.

A pro­pos­al for Los Ange­les tow­ers as tall as 55 sto­ries near the icon­ic Capi­tol Records build­ing, where stars from Frank Sina­tra to Tay­lor Swift record­ed hits, is pit­ting a New York devel­ …