Here is an interesting article I read this evening. While researching our local real estate market, I came across an interesting news article by the Canadian Press. See article below. I particularily like the part about Canadian Solar opening up a new plant in Ontario. Hopefully it will be right here in Kitchener-Waterloo. It’s nice to see growth from our local companies. Especially in our community. I see a real future for this type of company. Green technology companies that is…. In addition, there was also mention about the recovery of the real estate market. Did we have a problem :lol:
I am going to be publishing links to the Re/Max 2010 Market Outlook shortly as well.
Here’s the article.
The Canadian Press
(Dec 4, 2009) Real estate sales, prices expected to rise in 2010
MISSISSAUGA Residential real estate sales should recover in almost all major Canadian cities by the end of 2009, while average prices should post new records in an improved economic climate, according to a new housing report.
The Re/Max Housing Market Outlook survey for 2010 predicts the uptick in sales will be led by an anticipated 45 per cent increase in Greater Vancouver. Hamilton-Burlington is expected to see a 4 per cent jump in sales.
The report also says average prices are expected to improve in 65 per cent of markets as economic performance picks up. The survey estimates a 4 per cent rise in prices for Hamilton-Burlington homes.
Solar panel company to build plant in Ontario
KITCHENER Canadian Solar Inc. says it will establish a manufacturing facility in Ontario to build solar panels. The Kitchener-based company says the $24-million project will create 500 direct jobs and supply electricity to the equivalent of 60,000 homes per year.
Canadian Solar says it expects to make decisions about the plant location, cost and ultimate size in the first quarter of 2010.
RIM shares stumble after patent complaint in U.S.
TORONTO Research In Motion shares dropped more than 2 per cent yesterday to close at $61.53 following reports that Prism Technologies LLC, a Nebraska-based company, has filed a complaint with the U.S. International Trade Commission.
Prism claims RIM’s smartphones, computer software and servers are infringing on patents for an authentication system which it owns the rights to use. The company is seeking cash compensation.
Reports have said RIM is challenging the claims, though a spokesperson for the company declined to comment on the specifics.
Hart Stores reports drop in Q3 earnings, sales
LAVAL, Que. Hart Stores Inc. reported yesterday third-quarter net earnings of $400,000, compared with earnings of $800,000 a year ago. Sales for the third quarter fell 3.5 per cent to $44.6 million from the previous year. Hart Stores operates 90 mid-sized department stores in Eastern Canada, including in Hamilton and Simcoe.
Original article source: http://www.thespec.com/News/Business/article/684504
Thanks for reading!
Warren & Melanie McNeil | Sales Representatives, Team McNeil
Re/Max Twin City Realty, Brokerage ( 519.579.4110
8 www.TeamMcneil.com, www.LoftStyle.ca, www.ClickThatHouse.com
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Remax — Tags: remax kitchener market, remax market outlook 2010, remax outlook 2010 —
wmcneil @ December 5, 2009 4:42 pm
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