The Guelph area continues to be a hot residential real estate market, though the trend appears to favour vendors these days.
“In Guelph it’s still very much a seller’s market,” Guelph & District Association of Realtors president Jeff Matteis said Monday.
“It’s a very strong seller’s market. There’s very good, strong demand,” local Re/Max Real Estate Centre sales representative Leslie Field concurred. “First-time home buyers are very active.”
A south-end condominium proposal will be priced out of the reach of most students, said the developer.
Waterloo’s HIP Developments purchased the property at 1291 Gordon St. approximately 18 months ago, and is proposing a much more high-end development than originally envisioned for the site.
Scott Higgins, HIP’s vice president, said while the former proposal for the property at Gordon Street and Arkell Road would have seen 128 units on six storeys, the current Serene Condos proposal would see the creation of 161 condominiums on six storeys.
A local builder who made his name building homes with straw bales is concerned a new city fee will discourage others from taking on innovative building projects.
Ben Polley, president of Harvest Homes and Evolve Builders Group Inc., appeared before councillors Monday to urge a rethink of an administrative fee for considering alternative building materials and processes.
The city’s building department had proposed fees ranging from $500 to $1,000 — depending on the size of project — for such alternative proposals.
After more than 20 years in the development industry, Andrew Lambden knows how new projects typically come on stream.
He’s looking to change it.
The founder of Terra View Homes purchased a 14.7-hectare parcel at the city’s northeast corner six years ago. But rather than clear the land to prepare for new homes, the company removed invasive species such as buckthorn and then planted approximately 1,500 native species trees.
Coming soon to Gordon Street at Arkell in Guelph; an innovative and inspiring condominium residence.
With curvilinear design details, expansive suite terraces and most suites offering pristine views of acres of protected conservation, Serene Condominiums will be a picturesque residence that blends harmoniously into the landscape of the Guelph.
A London developer has wagered more than $400,000 that councillors will approve a proposed condominium tower downtown.
Earlier this week the city closed the intersection of Macdonell and Wyndham streets, immediately adjacent the vacant lot on which the Tricar Group has proposed an 18-storey building.
That proposal, which city staff is recommending for approval, will be before councillors for a vote Monday night.
GUELPH — The business community likes it. Local developers like it. Even a prominent environmentalist and members of a local residents’ association – formed largely in opposition to it – have given it a tentative stamp of approval.
“When you take a look at that combination … that’s a pretty balanced, widespread base of support,” acknowledges Coun. Karl Wettstein.
Heading into Monday night’s council meeting, Wettstein was already impressed with the proposed Downtown Secondary Plan “but my view was reinforced by that level of support.”
GUELPH — A local developer is seeking to build a new 146-unit residential subdivision in northwest Guelph.
If approved, the Speedvale Avenue West proposal would extend Guelph housing in that area to the border with Guelph-Eramosa – on what city planning documents assert is a parcel of the old Mitchell Farm property. It would be framed by Speedvale Avenue to the north, the extension of Paisley Road to the south and Curzon Crescent to the east.
The city will green-light more residential development this year than usual, in hopes of actually spurring an increase in home construction.
Members of the planning and building, engineering and environment committee voted Monday to approve a development priorities plan for 2012 which could potentially see nearly 1,200 new housing units move toward reality.
Senior development planner Stacey Laughlin said the growth management plan anticipates approval of 1,100 units this year “and every year until 2031.”
GUELPH — The amount of new residential construction is down compared to last year’s numbers, says Canada Mortgage and Housing Corporation.
In a news release, the housing agency said in the first quarter of 2012, construction began on 122 homes. This is compared to the 194 units started in the same quarter last year.
The release said there was a slight increase in the construction of single-detached homes and townhomes, but the decline in semi-detached and apartment construction pulled the overall numbers down.