General Urban Kitchener Updates and Rumours - Printable Version +- Waterloo Region Connected (https://www.waterlooregionconnected.com) +-- Forum: Land Development and Real Estate (https://www.waterlooregionconnected.com/forumdisplay.php?fid=4) +--- Forum: Urban Areas (https://www.waterlooregionconnected.com/forumdisplay.php?fid=5) +--- Thread: General Urban Kitchener Updates and Rumours (/showthread.php?tid=8) Pages:
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
246
247
248
249
250
251
252
253
254
255
256
257
258
259
260
261
262
263
264
265
266
267
268
269
270
271
272
273
274
275
276
277
278
279
280
281
282
283
284
285
286
287
288
289
290
291
292
293
294
295
296
297
298
299
300
301
302
303
304
305
306
307
308
309
310
311
312
313
314
315
316
317
318
319
320
321
322
323
324
325
326
327
328
329
330
331
332
333
334
335
336
337
338
339
340
341
342
343
344
345
346
347
348
349
350
351
352
353
354
355
356
357
358
359
360
361
362
363
364
365
366
367
368
369
370
371
372
373
|
RE: General Urban Kitchener Updates and Rumours - GtwoK - 11-08-2021 It's a proposal, and has been approved already AFAIK (outlines are present in the city's GIS) RE: General Urban Kitchener Updates and Rumours - panamaniac - 11-08-2021 This would be King and Wellington? RE: General Urban Kitchener Updates and Rumours - MidTowner - 11-09-2021 Another example of the area losing commercial amenities (in this case, a convenience store and a shawarma take-out restaurant), not to be replaced. This won't be much of an issue soon, with other multi-use developments completed in a few years, but in principle it's senseless. This is King Street through the core, it should have street-facing commercial along its entire length, with few exceptions. RE: General Urban Kitchener Updates and Rumours - danbrotherston - 11-09-2021 (11-09-2021, 08:56 AM)MidTowner Wrote: Another example of the area losing commercial amenities (in this case, a convenience store and a shawarma take-out restaurant), not to be replaced. I think this is key, and an important one. I think this is something that is missing from our communities is small community facing retail. It's something we don't build or build very little of when we are building new communities and I think it's a major problem. It would compound that problem if we start to lose it in the only real community we have left. RE: General Urban Kitchener Updates and Rumours - CP42 - 11-12-2021 RE: General Urban Kitchener Updates and Rumours - danbrotherston - 11-12-2021 Cool. I'd be curious where Montreal lands on that list. RE: General Urban Kitchener Updates and Rumours - tomh009 - 11-12-2021 More rental properties will help keep those increases down. Ophelia, Civic 66, Drewlo, 387 King and the new Duke/Madison project cannot come soon enough. At least Market Flats should be ready for occupancy in the next six months. Ophelia and Civic 66 sometime next year maybe? RE: General Urban Kitchener Updates and Rumours - panamaniac - 11-12-2021 Will they, or will they be above-average rents, I wonder? RE: General Urban Kitchener Updates and Rumours - danbrotherston - 11-12-2021 (11-12-2021, 01:11 PM)panamaniac Wrote: Will they, or will they be above-average rents, I wonder? Will they be above average. Almost certainly...new builds are usually going to be above average, especially larger ones. Does that mean they will cause the average to go up? That is much less clear. It depends much more on market forces, than it does on a the specific units added. That being said, I really don't expect the average to go down, but I expect it to go up less than it would have. RE: General Urban Kitchener Updates and Rumours - tomh009 - 11-12-2021 (11-12-2021, 01:45 PM)danbrotherston Wrote: That being said, I really don't expect the average to go down, but I expect it to go up less than it would have. Exactly. Additional supply should moderate the increases. The Drewlo development will be the biggest impact in terms of units, but every building helps, and reduces the need to rent a condo rather than a rental unit. Oh, and I forgot about phase 2 of Woodside. RE: General Urban Kitchener Updates and Rumours - BruceAshe - 11-12-2021 (11-12-2021, 01:00 PM)tomh009 Wrote: More rental properties will help keep those increases down. Ophelia, Civic 66, Drewlo, 387 King and the new Duke/Madison project cannot come soon enough. At least Market Flats should be ready for occupancy in the next six months. Ophelia and Civic 66 sometime next year maybe? Market Flats has been advertised on Facebook Marketplace for a couple of weeks and the ads say January occupancy. One bedrooms start at $1630+ and two bedrooms start at $2195+. RE: General Urban Kitchener Updates and Rumours - Lens - 11-12-2021 (11-12-2021, 03:37 PM)BruceAshe Wrote:(11-12-2021, 01:00 PM)tomh009 Wrote: More rental properties will help keep those increases down. Ophelia, Civic 66, Drewlo, 387 King and the new Duke/Madison project cannot come soon enough. At least Market Flats should be ready for occupancy in the next six months. Ophelia and Civic 66 sometime next year maybe? Expect every new rental building being built right now to exceed these rents. In an ideal world that would release pressure lower in the market but our vacancy is so tight that it won't do anything. I recall a previous company I worked for had a 2 bedroom unit available in an old building that was renovated but definitely not high end. The rent was about $1400 but the types of applicants they got were making $75,000+ simply because there were no higher end units or condos available at that time. Essentially what happens is people on the lower price spectrum are competing with EVERYONE else for any available unit, no matte the quality or condition. I don't think I need to explain how bad this is for our housing situation... RE: General Urban Kitchener Updates and Rumours - ac3r - 11-12-2021 $1630 for 1 bedroom is insanity. RE: General Urban Kitchener Updates and Rumours - tomh009 - 11-12-2021 (11-12-2021, 07:45 PM)Lens Wrote:(11-12-2021, 03:37 PM)BruceAshe Wrote: Market Flats has been advertised on Facebook Marketplace for a couple of weeks and the ads say January occupancy. One bedrooms start at $1630+ and two bedrooms start at $2195+. So, in that scenario, those people with $75K of income can now sign up for a flat at Market Flats (at $1630) and the people with less income will be able to get the one at $1400. Regardless of where this is on the price spectrum, it still helps to relieve the pressure. RE: General Urban Kitchener Updates and Rumours - GtwoK - 11-13-2021 (11-12-2021, 10:34 AM)CP42 Wrote: Where is this from out of curiosity? Wanted to read a bit more about it and googling isn't helping |