By Mark
Schadenberg
Where does Kitchener
end and Waterloo begin?
Is Cambridge on the
south side or north side of the 401, or both?
Are the Tri-Cities the
accumulation of Galt, Hespeler and Preston to make Cambridge or is it
now the quad cities of Cambridge, Kitchener, Waterloo, and St Jacobs,
along with Breslau, New Dundee and the tiny community of Mannheim?
CTV Kitchener just
completed airing a three-part series on real estate trends in that
area, which depicts the idea that boundary changes are needed again
to find spaces for subdivisions.
Simultaneously,
intensification also continues with many more condos sprouting up. If
you want to save rural spaces, intensification is the only answer and
it also fits the Ontario guideline known as the Provincial Policy
Statement.
CTV Kitchener graphic
The CTV story, featuring reporter Tyler Calver, predicts that the Waterloo Region population could reach 750,000 by 2031. By then, Baden and New Hamburg could also be inside Kitchener-Waterloo.
The CTV story focuses
on a subdivision called Wildflowers (West of Fischer-Hallman and east
of Trussler Road), but many neighbourhoods are blossoming.
In the Waterloo Region
Record newspaper Susan Pigg wrote:
Last
month the average sale price of a resale detached house in the City
of Toronto hit $1.15 million, up 18.2 per cent from May of 2014.
And
a recent report by the Canada Mortgage and Housing Corp. warned that
construction of new, single-detached homes will continue to decline —
and prices climb — because of land costs, lack of serviced
subdivisions and land use policies, which is code for intensification
and the shift to highrise rather than low-rise housing construction.
The story also printed
stats. No source was listed for the numbers, but I'm sure they're
correct.
Average
price of a detached home in May 2015:
Kitchener-Waterloo:
$390,704 (up 1.1 per cent from May 2014)
Hamilton
and area: $400,893 (11.3 per cent)
Burlington:
$709,719 (19 per cent)
Barrie:
$381,520 (up 6.5 per cent)
Oshawa:
$398,582 (21 per cent)
Orangeville:
$428,918 (2.9 per cent)
As a full-time Realtor
myself it's interesting to note that Toronto-area families are moving
to the Guelph and Kitchener areas to find an affordable house. This
reality drives up prices there, so now Cambridge-Kitchener-Waterloo
home buyers are considering Woodstock.
One news story this
past week which didn't gain a lot of attention was the planned
expansion at Queen's Park to 122 ridings from the current 107. One of
the new ridings will be in the Cambridge / Kitchener area.
LINKS:
Want to move to Oxford County?
Contact Me
Mark
Schadenberg, Sales
Representative
Senior
Real Estate Specialist (SRES designation)
Royal
LePage Triland Realty
757
Dundas St, Woodstock
www.wesellwoodstock.com
(519)
537-1553, cell or text
Email:
mschadenberg@rogers.com
Twitter:
markroyallepage
Facebook:
Mark Schadenberg, Royal LePage Triland
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