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June 2014 Ontario Economic Fundamentals

Ally

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Western University's collider is ready to create London jobs





A place where ideas collide has opened in southeast London, and already people there are thinking of great things.





Western University has opened the Collider, more formally known as the Collider Centre for Technology Commercialization, at its Advanced Manufacturing Park near the 401 highway.





Read the full article here.
 

Ally

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Rent on the rise in Oshawa





The number of vacant apartments in Oshawa hasn`t budged. Rent, on the other hand, continues to rise.





A report from the Canada Mortgage and Housing Corporation found the vacancy rate in the Oshawa census metropolitan area (CMA), which includes Whitby and Clarington, was 1.6 per cent in April. It was the exact same rate as the one a year earlier, in April 2013.





The average vacancy rate in Ontario urban centres was 2.8 per cent in April, up from 2.6 per cent in April 2013.





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Ally

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Is there room for more downtown Guelph condos?





GUELPH ` Condominiums are an integral part of Guelph's population growth and urban intensification strategies, particularly in the downtown core. But while there is a demand for downtown condo living, the relatively recent boom in condo construction in the core could be stalled by a shortage of building space.





The demand is clearly there, said Jim Furfaro, Ward 1 city councillor.





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Ally

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Oliver says Ontario needs to tackle its large deficit in upcoming budget





OTTAWA - Finance Minister Joe Oliver says Ontario is facing a difficult economy, but is urging Liberal Premier Kathleen Wynne to aggressively take on the province's growing deficit in next month's post-election budget.





The Liberals, who won a majority in last week's provincial election, are expected to re-introduce essentially the same budget they were defeated on when the legislature returns July 2 ` including adding more than $1 billion to the deficit to take it to $12.5 billion.





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Ally

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Website opens door on condo values






When Paul and Stacey Johnson arrived at the Market Wharf condos recently to tour three units for sale, they knew far more than most licensed realtors about the dollars and sense of the biggest purchase of their lives.







They knew the precise square footage of each suite, instead of just the 800-899 square foot range listed on the MLS. They knew the age of the building, the name of the developer, even which had balconies allowing gas barbecues.





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Ally

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Ontario municipal board overrides city, approves huge University of Toronto student residence





Neighbours are `horrified` by an Ontario Municipal Board ruling that gives the green light to a proposed University of Toronto student residence on College St., a decision that overrules city planners on a controversial development project for the second time in a week.






The planned 25-storey residence will be built and operated by a private developer, Knightstone Capital Management, which bought the property before selling it to the university and then leasing it back. It will contain 829 beds, most of which will be occupied by U of T students.





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Ally

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Knob hill talks drag on





Despite whispers a deal may be nigh, the expropriation of the former Knob Hill Farms site for another Oshawa GO train station is still not done.





Metrolinx Media Relations and Issues Specialist Alex Burke recently told The Oshawa Express the expropriation process is continuing. She added it would not be appropriate to provide more details.





Read the full article here.
 
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