All posts by Durham REI
Oshawa’s unemployment rate continues to drop
While the national unemployment rate climbed last month, Oshawa’s dropped even further in august. According to Stats Canada the 3-month rolling average sits at 7.6 percent, down by more than a full percentage point from June. Mayor John Henry says that’s no surprise, after Oshawa was listed as Canada’s third fastest growing economy, behind Regina […]
Continue readingBuilding permit sales up in Whitby for August
Building permits and construction values were up in Whitby compared with a year earlier. The town issued 164 permits last month, mostly residential, with a construction value of more than $30.7 million. One of the highlights is a $1.3 million dollar expansion at Lakeridge Health Hospital on Gordon Street. http://www.durhamradionews.com/archives/34011
Continue readingDurham Real Estate Remains Stable
DURHAM REGION, September 8, 2011 – The Durham Region Association of REALTORS® reported 815 sales for the month of August, a decrease of 11% from July when there were 906 sales. There have been 6,988 sales so far in 2011 which represents a 2% reduction compared to this time last year. “The decrease in number […]
Continue readingOshawa’s first student housing project struggling
OSHAWA — One year after opening its doors, Oshawa’s first student housing building is struggling. The Dundurn development is sitting at 60-per cent occupancy three weeks before the new school year starts. “We’re about a year behind where we want to be,” said Carlo Di Gioacchino, vice-president of business development for Dundurn Edge Developments Inc. […]
Continue readingEnrolment up at UOIT
More than 90,000 students are arriving at universities in Ontario this fall and according to the Council of Ontario Universities, that’s the most ever, in the province. UOIT registrar, Victoria Choy says with expansion in north Oshawa as well as into the downtown core, they too have seen tremendous growth in enrolment. http://www.durhamradionews.com/archives/33475
Continue readingHousing prices continue to climb in the GTA
There were mixed results in July’s real estate numbers for the GTA with house prices rising significantly from last year. In Durham Region, the average price of a home in July was almost $330,000, up more than 11 percent while in Toronto, prices are up 10 percent to more than $459,000. Jason Mercer with the […]
Continue readingProvince announces $1.9 million for Ajax aerospace company
AJAX — An aerospace company with facilities in Ajax is flying high after the Province of Ontario announced a $1.9 million investment in the company. The money comes from the Innovation Demonstration Fund and Messier-Dowty, which manufactures landing gear at its Ajax plant, will match the funds and put it towards developing a more environmentally […]
Continue readingFewer building permits sold in Oshawa in July
July was a soft month for building permit sales in Oshawa. There were a total of 85 permits sold last month, compared with 355 in the same period last year. Year-to-date numbers are also down, from more than 1,100 in 2010 to just 682 so far this year. There were a couple of highlights in […]
Continue readingTown of Whitby to Sell Parcel of Land
The Council of the Corporation of the Town of Whitby intends to pass a by-law in accordance with the provisions of the Municipal Act, 2001, Chapter 25, to sell a portion of the road allowance between Lots 30 and 31, Concession 3 (Country Lane) at Holman Court. The property has been declared surplus to the […]
Continue readingGM makes $117 million announcement in Oshawa
General Motors’ making a $117-million promise to Oshawa. The automaker announced today that the Oshawa Assembly Plant Flex Line will get the production of the all-new Cadillac XTS starting in the first half of 2012. Spokesperson Jason Easton says this investment will create or retain 400 jobs in Durham Region and the XTS is being […]
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