Kitchener-Waterloo Real Estate

Archive for the ‘My K-W’ Category

Balsillie Bid Gets New Life

Friday, August 7th, 2009

Jim Balsillie’s bid to buy the Phoenix Coyotes and move them to Hamilton got new life on Thursday (Aug 5). The bankruptcy court judge ruled that Balsillie’s bid would be accepted for the Sept 10 bankruptcy auction.

The NHL board of governors had previously rejected the bid, and had basically said they don’t want Balsillie among their exclusive little club.

This is at least the second interesting twist in the Coyotes affair over the last week. On Monday Coyotes current owner Jerry Moyes released documents showing that the other main bid – the Jerry Reinsdorf bid – included special tax concessions from the city of Glendale, amounting to up to $23 million next year.

Another feature of the Reinsdorf bid had Glendale agreeing to let him move the team without penalty if it continued to lose money for the next five years – either that or pay him $15 million per year for every year of losses.

If this provision makes it to the final Reinsdorf offer it makes it pretty clear that Balsillie’s offer is not the only one that is ultimately going to result in a move. And Balsillie is offering $212 million compared to Reinsdorf’s $148 million.

Go Transit to Toronto Being Proposed

Wednesday, August 5th, 2009

A report by GO Transit has raised the possibility of GO trains travelling between Waterloo Region and Toronto.

The report proposes that GO establish two stations in Waterloo Region, one in downtown Kitchener and the other at Breslau. No doubt there will be much discussion in the months ahead about the pros and cons of those options.

The new routes will not be cheap – at least to get up and running. GO Transit puts the initial start up cost to have the service running by 2011 at a minimum of $153 million. To turn it into a permanent service would cost about $549 million, according to the Go Transit report.

The report suggests that GO trains would initially carry between 2,300 and 5,000 passengers a day. It predicts that the number would rise to about 9,000 a day by 2031. Considering the growth potential of Waterloo Region this seems like a reasonable target.

Some things about this proposal seem obvious. First, the traffic on the 401 is increasing – especially the truck traffic – so anything that will take commuters off the 401 is worth considering. Second the potential for rail transport in SW Ontario is not being properly exploited. What we really need is a serious proposal for getting trucks off the highway and onto tracks.

New U of Waterloo Logo Causes Uproar

Friday, July 31st, 2009

The University of Waterloo is getting set to unveil a new marketing logo and it has student groups in an uproar. Steve Sauve, a student at the U of W is using his Facebook group to rally students and alumni against the new design.

According to Sauve, those who are against the new design “do not believe it represents UW’s prestige and degree of professionalism properly.”

Real Estate in Kitchener-Waterloo in 2009

Monday, December 29th, 2008

I trust everyone had a wonderful Christmas and all are continuing to enjoy the holiday season. I know that I’m very thankful for a great year in 2008 and can’t wait to get rolling in 2009!

Whenever I’m out, I always seem to run into

Kitchener Waterloo Area Early History

Saturday, December 27th, 2008

The Kitchener Waterloo area is located in the centre of southern Ontario, Canada’s most populous province. This dynamic region has an expanding population and diversified economy that has made for prosperous, stable growth decade after decade.

The region around the cities of Kitchener, Waterloo and Cambridge is today called the Region of Waterloo, and is stretched out along the Grand River which snakes its way through the entire area. For centuries this land was occupied by Iroquois First Nations people who developed a distinctive culture centered on the fertile farming land and plentiful fish and game along the river.

After the arrival of Europeans in the 1600s the native way of life was changed forever. Spurred on initially by French fur traders, the lucrative fur trade came to dominate life for natives throughout this and many other areas of North America.

Rivalries and local wars between the Iroquois and Huron tribes in Southern Ontario broke out as the different tribes vied for fur trading dominance. These continual wars served as a deterrent to early European settlement in this part of Ontario.

Ironically the Indian wars were brought to an end by another more significant and much larger conflict – the American Revolution. In 1784 a large tract of land along the Grand River was set aside by the British Crown as a grant to the Six Nations Iroquois. Most of the Iroquois had been living in New York State and the land in Ontario was given to them because of their loyalty to the Crown during the American War of Independence.

Thousands of American Iroquois emigrated to their new lands along the Grand River, and many of them settled in the area around what is now Brantford just down river about 50 kilometers (30 miles) from the Waterloo area.

Between 1796 and 1798, the Six Nations Indians led by Chief Joseph Brant, sold 38,000 hectares of land to Colonel Richard Beasley, another United Empire Loyalist. In turn, Beasley attracted a group of German Mennonite farmers from Pennsylvania to the area around what is now Kitchener and Waterloo. Settlement began in earnest during the early 1800s.

The rich farm land of the region was an important factor that drew the original Mennonite settlers to the area. Their growing community and expanding population needed new tracts of land if they were to remain a rural land-based agricultural people. They were also attracted by the relative isolation of the area, and the guarantee of religious and cultural tolerance offered by the British Crown.

These original Mennonite settlers became the basis of what soon became a thriving community in the region. The German-speaking character of the community served as a focal point for future immigration from Germany and other parts of central Europe. Included among these European immigrants were many skilled craftsmen whose hard work and disciplined way of life became the foundation of the industrial economy that the region is still famous for.

From these humble beginnings roughly 200 years ago the region around the cities of Kitchener, Waterloo and Cambridge has grown into one of the most dynamic, progressive and culturally diverse areas in Canada.

About the author – Rick Hendershot is a writer who lives in Conestogo Ontario. Visit his blog – Local Web Marketing.

Kitchener Ontario : It’s A Feel Good Kind Of Town

Thursday, November 13th, 2008

Southwestern Ontario is proud to bring you Kitchener, a city that cares about entrepreneurship, innovation and education. It