Your Housing News

Your Housing News

It’s our job to keep you in the loop about what’s going on regarding housing and development in Kingston, so if you’ve fallen behind in the news lately, here’s what you need to know:

 

  • The City of Kingston has approved a future subdivision and commercial property for the Kingston Provincial Campus at 752 King Street West. Details regarding the development plans are still forthcoming, but we do know that heritage properties in the area and waterfront access will be respected.

 

  • Tim Hudak—former Ontario PC Party leader and current CEO of the Ontario Real Estate Association—was in Kingston on September 13th. Hudak focused on Kingston’s strong real estate market, and noted that, in the long-term, Kingston needs to focus on providing housing that offers buyers a variety of options. This point is especially important for millennials, whose housing needs differ from that of their parents.

 

  • The Canada Mortgage and Housing Corporation (CMHC) released their information regarding Canadian housing starts trends for August. Kingston’s starts appeared quite positive, with their report as follows: “housing starts in Kingston trended higher in August. Builders started 60 homes, up from 38 a year ago. Starts of single-detached homes and apartments were higher. Year-to-date housing starts are almost double the total from the same period last year, with starts of all housing types higher.”[1]

 

  • The 50 Million Tree Program is focusing on landowners in the Quinte area this season. The program assists landowners in planting trees on their land, and also provides funding and ongoing forest management support. If you—or someone you know—own a minimum of 2.5 acres of land and want some more trees on your property, sign up  here.

 

If you want more real estate news and home-ownership advice, then make sure to check back next week!

 

[1] http://www.marketwired.com/press-release/canadian-housing-starts-trend-increased-in-august-2233135.htm

 

Dan DaCosta

Dan DaCosta

REALTOR®
CENTURY 21 Champ Realty Ltd., Brokerage*
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