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…
Council grants approval for $70M Residential Development in LaSalle A $70-million residential development has received approval to put shovels in the ground in LaSalle. Town council approved zoning for three residential buildings with a total of 178 units on Ellis Street near the Zehrs Store on Malden Road back in October of 2019. A hold was put on the project after surrounding residents raised concerns over pedestrian safety, privacy and traffic. Valente Development Corporation returned to council Tuesday night with answers to those issues and administration recommended the hold be removed. Five neighbouring residents appeared before council to insist the project is “poor planning” on the part of the town. Mayor Marc Bondy says he stands behind advice from the planning department. “When we come to ‘poor planning’ and comments like that, I take that to heart because I would back these guys to the wall at any time,” he says. Two of the building will be six storeys with a third near neighbouring homes lowered to three storeys with the stipulation…
CONGRATULATIONS HCC MORTGAGES LTD.! We are proud to announce that HCC Mortgages Ltd. has officially become a member of the Mortgage Centre's The President's Club! Mortgage Centre Canada’s President’s Club Award recognizes proactive franchises that have funded $100 to $250 million during the 2020 fiscal year. We would like to congratulate every member of our team on this amazing accomplishment! Well done, Derrick Foster, Hussein Saad & Mary Fielding! Personal Service, Specialized Knowledge, Unbiased advice... The Mortgage Center - We work for YOU not the Lenders!
50 YEARS AND COUNTING... CONGRATULATIONS REMO VALENTE! Remo Valente... the man, the myth, the LEGEND! Congratulations on your 50 year membership with WECAR. Here's to many, many more!!
VALENTE REAL ESTATE'S LAKESHORE OFFICE NOW OPEN! We are Growing! We are pleased to announce the opening of our second location in Tecumseh/Lakeshore! The new location located at 18 Amycroft Drive will allow us to accommodate our past, present and future clients. Realtors®, we will continue with our innovative technology & hands on training. Valente offers you the tools to help grow your business!
