Real Estate
Office/Industrial Real Estate Market Conditions, 2008
Source: Adapted from CB Richard Ellis 3rd Quarter, 2008. |
Average Cost of Land and Building, 2007
| Building Classification | |
|---|---|
| Class A building | $14 to $21 CDN |
| Class B building | $10 to $14 CDN |
| CLass C building | $4 to $8 CDN |
| Industrial building per square foot | $4 to $11 CDN |
| Industrial land average costs per acre | $250,000 CDN |
Source: CTT, 2007. Note: Applicable taxes are not included in the figures.
Development Charges (per square foot), 2008
| City | Region* | Total | |
|---|---|---|---|
| Cambridge | $1.569 ($0.00 for municipal land) | $4.79 | $6.386/square foot |
| Kitchener | $1.30 (downtown) $1.40 (suburban) |
$4.79 | $6.09 per square foot $6.19 per square foot |
| Waterloo | $3.76 | $4.79 | $8.55 per square foot |
| Township of North Dumfries | Not applicable | $4.65 | $4.65 per square foot |
| Township of Wellesley | Not applicable | $4.65 | $4.65 per square foot |
| Township of Wilmot | $1.19 | $4.65 | $5.84 per square foot |
| Township of Woolwich | $1.73 | $4.65 | $6.38 per square foot |
Source (2008): 1. The City of Cambridge, The City of Kitchener, The City of Waterloo, The Region of Waterloo
*Cambridge - City Development Charges are included in the sale price of industrial lands purchased from the City Economic Development Division. However, certain lands purchased from the City prior to 1 Jan 2000 remain subject to a City Development Charge of $0.01/ft2 (or $0.07/m2).
"I think one of the great triumphs was the recognition of Waterloo as one of the most intelligent communities in the world in 2007," says Johnston. "That was not simply the existence here of good ICT tools, it was how well the community was using these tools to improve not simply the prosperity of the community but the lives of everyone."
David Johnston, Governor General-designate
of Canada
David Johnston, Governor General-designate
of Canada
