Housing Forecast - CMHC
“New home construction will begin to slow in 2008, but remain high by historical standards, according to Canada Mortgage and Housing Corporation’s (CMHC) second quarter ”
Manitoba’s economic growth exceeded the national average in 2007 and job creation rebounded. The Provincial Nominee Program has boosted net migration to levels not seen since 1982. These factors have contributed to healthy levels of new home construction. Total housing starts reached 5,738 units in 2007, the best performance in 20 years. Starts will edge down to 5,450 units in 2008 before rebounding to 5,650 in 2009. The average MLS®price in Manitoba increased 12.6 per cent in 2007 and will continue to increase at a pace above the national average by 13.5 per cent in 2008 and 7.8 per cent in 2009. Information courtesy of CMHC http://www.cmhc-schl.gc.ca/
June 4th, 2008 at 1:14 pm
Waverley West Consultations Begin
Today’s Winnipeg Free Press features an article by Mary Agnes Welch that announces the first of a series of public consultation concerning Waverley West. It’s worth quoting at length, as it outlines such ideas as daylighting original waterways, greenways, and the nature of the consultation process.
WINNIPEGGERS will get their first look tomorrow at a bird’s-eye model of Waverley West during an open house that kicks off the year-long process of building the huge new suburb.
Plans for the suburb, which could one day be home to as a many as 30,000 people, are still in their infancy. There is no draft plan yet, only ideas.
“The area structure plan will lay out where sewer and water pipes should go and what the major regional roads should look like. It’s being developed in consultation with the land’s two major owners — the Manitoba government, which controls roughly the northern half, and Ladco, which owns the southern portion. Kenaston Boulevard must be extended to meet the Perimeter Highway, but it’s not yet clear if it will look like a green parkway, a commercial corridor or some other permutation…There is also serious talk of resurrecting a coulee that once ran through the southern part of Waverley West but has since been farmed over. That could form the backbone of a network of pathways and parks that help preserve what little patches of forest still exist.
Once the area structure plan is complete, developers will begin looking at some of the more interesting elements that could turn Waverley West into a greener, more unique suburb. That includes the design of the houses, the number of high-density condos and apartments and the integration of transit into the neighbourhood.
By the end of 2006, the province and Ladco hope to have lots serviced with water and sewer pipes and ready for homes. It’s likely the province will start building its first neighbourhood of roughly 1,000 homes in the corner of Bishop Grandin and Waverley Street, said Jim Gallagher, the province’s development consultant. That parcel of land can accommodate about 1,000 houses, but it’s still too early to know if the province will boost the density by building more condos or apartments.”
This article was written a long time ago. I was wondering how is Waverley West is coming along?
June 4th, 2008 at 2:07 pm
Waverley West is well underway, the first few homes will be ready by summer. Ladco is working to get their land ready for development and should be released very soon.