Rest in Peace to Our Founder Remo Valente March 28, 1944 - June 23, 2022 It is with broken hearts that we announce the sudden passing of our beloved Patriarch. Remo died peacefully surrounded by his loving family on June 23, 2022. Devoted and loving husband of Fernanda (nee Silvaggio) with whom he has enjoyed nearly 50 years of marriage. Loving father and mentor to Pietro (Darcie) Valente, Gabriel (Bobbi-Lynn) Valente and Amy-Lynn (Matthew) Sarkis. Cherished and proud Nonno to Gianni, Alessandra, Matteo, Gabriella Valente, Emilia and Alessia Sarkis. Predeceased by his parents Pietro and Emilia (nee Capaldi) as well his mother and father-in-law Gabriele and Angela Silvaggio. Dear brother of Lina DiLuca and her late husband Domenico, Domenic Vecchione and the late Mario Valente. Missed by his brothers and sisters-in-law Domenic (Susan) Silvaggio, Ingrid (Jim) Heugh, Lina (Ron) Seguin. Also sadly missed by many nieces and nephews. Remo was born in a bomb shelter in Sora, Italy on March 28, 1944, his father Pietro died 6 short months…
CONDO BOOM UNDERWAY IN TOWN OF TECUMSEH Developers are rushing to keep pace with housing demand across Windsor-Essex, and a drive along Tecumseh’s main drag is a quick indication that a condo boom is underway in the municipality. “In the previous five years, things were a little bit slow in our municipality, but the census is certainly not picking up on all this activity that’s happening right now,” says Tecumseh Mayor Gary McNamara, who says at this very moment, 1,000 condo units are currently under construction in town. On Tecumseh Road alone, roughly 400 units are currently going up, including Valente Development’s Gateway Tower, which will soon boast 99 rental units. In partnership with the Canada Mortgage and Housing Commission, 33 per cent of the units will be considered affordable housing. “It’s kind of a hybrid between a market rent project and an affordable rent project, which I’m very proud to bring to the Town of Tecumseh,” says Peter Valente of Valente Development and Real Estate. Mayor McNamara…
Windsor to review building department after housing summit, but developer skeptical of plan to cut.. Local developer Peter Valente says while the new funding is good, he wants to actually see the talks turn into action. The City of Windsor will look to review its planning and building department after a provincial housing summit Wednesday, but one local developer remains skeptical of potential changes. The provincial government launched a virtual housing summit with a promise of more than $45 million to help Ontario's largest municipalities speed up development approvals, as opposition parties and housing advocates call for decisive measures to help bring down the cost of owning and renting a home in Ontario. Windsor Mayor Drew Dilkens was one of 29 other mayors from the province's largest municipalities that joined a call with Ontario premier Doug Ford and the Municipal Affairs and Housing Minister Steve Clark to discuss housing affordability in the province. Dilkens told CBC News that the city will review its planning and building department and make sure there isn't…
Demand higher than supply in local housing market Our very own John Rauti is featured. 11/09/2021 - Demand Higher than supply in local housing market. CTV News Windsor
More affordable housing units to be built in Tecumseh A new 6-storey, multi-residential building consisting of 99 residential units will soon be constructed at 11870 Tecumseh Road E. The Government of Canada announced Tuesday it will loan money of the rental units at the cost of $25.27 M. The units are part of a new project, titled Tecumseh Gateway Tower. Fourteen units will be one-bedroom and the remaining 85 will be two-bedroom units. The building will also feature several amenities, including a gym and an outdoor landscaped area. A minimum of 31 units will have rents affordable at or below 30% of Household Median Income in the area. “I am incredibly thrilled to be bringing this purpose rental project to The Town of Tecumseh,” says Peter Valente, President, Gateway Tower Inc. “We have many projects we are working on, but I am very proud to be part of this project to serve a need for more Affordable Housing Product in Windsor & Essex County." The project received funding through CMHC’s Rental Construction Financing initiative…
AVERAGE HOME SELLING PRICES CLIMB FURTHER IN APRIL While it may not be a surprise to many, the average selling price for a home in Windsor-Essex skyrocketed in April. According to the Windsor-Essex County Association of Realtors, 694 properties were sold over the course of the month at an average price of $530,000 — that's up almost 44 per cent compared to last April. Matt Sarkis with Valente Real Estate says prices continue to climb each month. "We're in a market and we've been in a market that the demand for housing has far exceeded the supply that we have. Which, obviously, is causing the prices of houses to go up like you've seen," he says. Sarkis says the increased cost of building materials has led to a jump in new builds as well. "We're selling homes now in May for $100,000 more than we were selling it for in January just because material prices increased," he says. "Labour, everything that a builder has to do with building a home, has jumped up incredibly." Sarkis points out…
