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Old January 19th, 2007, 10:21 PM   #61
go_leafs_go02
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Originally Posted by LdnPlanr View Post
Does anyone know what is being built on the North side of Fanshawe Park Road W., just East of the intersection of Fanshawe-Wonderland?

There is a large crane, and I can't tell whether it is some sort of apartment building (unlikely, since we'd have heard of it I'm sure) or some other sort of infrastructure improvement... I'm stumped.
I'm guessing an apartment building. quite the nice site if i do say so myself.

First post..I'm a Londoner as well.
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Old January 20th, 2007, 02:51 AM   #62
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If its an apartment building, someone here ought to have heard of it. But who knows, I could be proven wrong.
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Old January 20th, 2007, 04:11 AM   #63
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Hey ldoto, is that one of your photos of the London skyline in the wikipedia article?
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Old January 20th, 2007, 06:20 AM   #64
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That's old news!
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Old January 20th, 2007, 06:21 AM   #65
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London takes highrise rental crown

Fri, January 19, 2007

By NORMAN DE BONO, FREE PRESS BUSINESS REPORTER



London is going "vertical," with so many new highrise apartments it's become Ontario's rental capital.

Fuelled by baby boomers leaving their homes into carefree rental living, London is building more apartments than any other city in the province on a per capita basis.

And that's not including the biggest new rental project rising on the city's skyline, Tricar's twin-tower Renaissance project downtown.

The city led the province over the last three years in per capita rental units built, while other cities are building more condominiums for sale, said Ken Sumnall, senior market analyst at Canada Mortgage Housing Corp.

From 2003 to 2006, 12,859 rental units were built in Ontario, 2,948 -- or 23 per cent -- in London. Only Toronto, at 47.4 per cent, had more.

"London, for its size, has been very active. We have seen numbers go up the last few years," said Sumnall.

The figures back up what many developers in the city are saying, said Derek Anderson, president of the London Home Builders Association: London appears to have more baby boomers set to retire and move into rental units.

"It is very attractive for seniors who want to take the equity in their homes and go out and travel," said Anderson, president of Graystone Development Group in London.

"We hear all the time people do not plan for retirement, but they have $400,000 in equity after their home is sold."

With the vacancy rate hovering at about 3.6 per cent, "there appears to be demand, but developers are primarily targeting the empty-nester market with the apartment developments," said Sumnall.

Of the apartment units now under construction in the city, "they are all local developers with extensive portfolios, they know the market and have capacity to build," he said. "These are not short-term investments, they are building now because they think the market will grow for a while."

Londoners want to rent highrise units more than residents in other cities because it remains a good value, said Anderson. And if they're interested in buying, there's a large selection of homes.

"People still look at London as having open space, they have more choices before they go vertical," he said. "We are also gaining a lot of young professionals who want to rent; it's an attractive option."

The next great wave could be retirement home construction as leading-edge boomers -- now turning 60 -- start looking at options, said Barry Parker, vice-president residential for Sifton Properties.
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Old January 20th, 2007, 06:41 AM   #66
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Research project 'huge'

Research project 'huge'

Fri, January 19, 2007

The $26M deal promises new insight into diseases through world-class imaging.

By JOHN MINER, FREE PRESS HEALTH REPORTER



A new $26-million medical research project, based in London, will tackle everything from cancer and chronic pain to mental illness.

Still being assembled, the project is already making London a destination of choice for some of the world's top research talent.

"It is absolutely huge," Dr. David Hill, scientific director of the Lawson Health Research Institute, the research arm of London's two hospitals, said yesterday.

Officially called the Biomedical Multimodality Hybrid Imaging project, it's expected to bring medical breakthroughs by uniting what are now separate medical imaging systems, such as MRI (magnetic resonance imaging) and PET (positron emission tomography), into one unit to probe diseases.

"We want to focus on being able to see things with all of the possible tools we have," said Dr. Frank Prato, co-leader of the project.

The Canada Foundation for Innovation is contributing $12.9 million to buy equipment that primarily will be located at St. Joseph's Hospital.

Other costs will be covered by a grant from the province and contributions from the private sector.

The London Regional Cancer Program at London Health Sciences Centre, University of Western Ontario, Robarts Research Institute and Toronto's Sunnybrook Health Sciences Centre are also taking part in the project.

It will involve 105 researchers in London, 26 Canadian researchers outside the city and 23 foreign scientists.

Some Canadian-trained scientists who moved to the U.S. to work at Harvard University, Scripps Research Institute in California and the National Institutes of Health are returning to work in London, said project co-leader Dr. Jim Koropatnick.

"They have returned to Canada because they have found the infrastructure support available here," Koropatnick said.

CFI president Dr. Eliot Phillipson said his institute, an independent corporation created by the Canadian government, rigorously assesses projects before investing in them to ensure they have the potential to enhance the lives of Canadians.

"There should be no question this is a highly meritorious project," he said.

A $10-million investment by CFI in 1999 in imaging and cancer research in London led to an extra $84.2 million in research money flowing into the city, creation of five spin-off firms and 41 new jobs.

This latest investment will do more, Prato predicted.

"The success will be significantly greater. We have a track record now, so it will be easier to convince people to invest in our programs," he said.

When existing medical imaging technology is used on its own, it's like someone colour-blind looking around a room. Some things are missed, Prato said.

By combining different imaging technologies to operate simultaneously, the researchers hope to get a more complete picture of how diseases develop, he said.

For example, schizophrenia researchers in London have been successful studying the changes of some chemicals in the brain using MRI technology, while other groups in the world have studied different chemicals in the brain using PET, Prato said.

"They never got the full picture. They never knew how these chemicals interplayed and we don't know, therefore, what the real nature of the disease is," he said.

---

IMAGING TECHNOLOGY

Doctors can use different imaging technologies to detect and decide how to treat disease. They include:

- Magnetic resonance imaging (MRI), a diagnostic procedure that uses a magnetic field to provide three-dimensional images of internal body structures.

- Positron emission tomography. Also called PET imaging or a PET scan, it obtains images by detecting radiation from the emission of positrons -- tiny particles emitted from a radioactive substance administered to the patient.

- Computed tomography (CT) uses special X-ray techniques to produce multiple images of the body. The images are produced by an X-ray tube that rotates 360 degrees around the patient's body.
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Old January 20th, 2007, 07:16 AM   #67
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Quote:
Does anyone know what is being built on the North side of Fanshawe Park Road W., just East of the intersection of Fanshawe-Wonderland?
seniors apartment building
amica
189 units'
9 storeys

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Old January 20th, 2007, 10:09 AM   #68
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That's an attractive building.

As for the rentals, yes I've always wondered this about London. It seems everyother city in the country are building condos London is going rental. Always found it rather odd.
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Old January 20th, 2007, 04:06 PM   #69
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I've been curious about that myself. Maybe it has to do with the number of seniors leasing them...I don't really know.
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Old January 20th, 2007, 09:38 PM   #70
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..

Last edited by Snark; January 19th, 2008 at 10:10 PM.
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Old January 23rd, 2007, 06:04 PM   #71
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Canada tops housing survey

Canada tops housing survey

Tue, January 23, 2007

London did well as a city in a study looking at the affordability of homes in six countries.

By IAN WILSON, SUN MEDIA



Canada is tops when it comes to housing affordability, said an international study that found citizens here would need only 3.2 years of annual income, on average, to buy a home.

The Demographia International survey of housing affordability -- which examined 159 cities in Australia, Canada, Ireland, New Zealand, Britain and the U.S. -- found it takes more than twice as long to buy a home in Australia as it does in Canada.

By dividing house prices in individual markets by the annual gross household income in those cities, researchers determined how long it would take to purchase a home if all of the income was devoted to paying for it.

However, survey results also showed homes on Canada's West Coast are growing increasingly unattainable. Meanwhile, houses on the Prairies and in parts of Ontario remain affordable.

With 7.7 years of income typically needed to purchase a home, Vancouver ranked No. 13 out of the markets surveyed; Victoria was 25th.

Residents in Toronto and Calgary averaged 4.4 years of annual income to pay for a home, while Edmontonians can own a house in 3.5 years.

Regina was tied with Fort Wayne, Ind., and Youngstown, Ohio as the survey's most affordable city -- people there need just two years of income.

Quebec City, Winnipeg, Saskatoon, Ottawa, London and Oshawa also placed highly on the list of affordable cities.

The least affordable city studied was Los Angeles and Orange County, where people needed 11.4 years of annual income to buy a home.

While it finished second to Canada in terms of overall affordability, the U.S. had seven of the top eight least affordable cities, with six of those coming from California.

"The housing cost escalation is principally the result of supply factors," said the study.

"Where there are significant constraints on the supply of land for residential development, housing inflation has occurred. Where there are no such constraints, housing cost inflation has not occurred."

CANADIAN RANKING

Median Median City price income

1. Regina $115,000 $57,500

2. Winnipeg $130,100 $52,300

Quebec $128,200 $51,100

4. Saskatoon $138,000 $52,100

5. Ottawa $201,500 $70,300

6. London $166,700 $56,100

Oshawa $222,900 $75,400

8. Halifax $176,000 $56,800

9. Kitchener $211,300 $65,500

10. Edmonton $233,800 $66,500

Hamilton $215,700 $61,300
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Old January 24th, 2007, 05:54 AM   #72
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That's certainly true, London does have very affordable housing and places to live.
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Old January 26th, 2007, 01:30 AM   #73
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BTW, I was in London last Sunday and I was wondering what they're building near the Best Buy on Wellington Road. London seems to be becoming the BIG BOX capital of Ontario.
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Old January 26th, 2007, 04:28 AM   #74
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Quote:
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BTW, I was in London last Sunday and I was wondering what they're building near the Best Buy on Wellington Road. London seems to be becoming the BIG BOX capital of Ontario.
A Boston Pizza.
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Old January 26th, 2007, 04:44 AM   #75
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Whoop de do...another Boston Pizza.
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Old January 26th, 2007, 10:41 AM   #76
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I asked earlier about London neighbourhood...................what will be the next "Wortley Village" area in London.
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Old January 26th, 2007, 10:50 AM   #77
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hmm... I personally don't think we will have another one.

That area is really unique and enclosed. It seems like Wortley will fade within a few decades into just another suburb, but right now, or in the near future, it wont, and there wont be another one like it.
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Old January 26th, 2007, 07:24 PM   #78
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..

Last edited by Snark; January 19th, 2008 at 10:10 PM.
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Old January 28th, 2007, 07:04 AM   #79
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UPDATE!
Here are some new pics of down town London. The new crane is going to be The Harriston 23 floors. I will soon have the 28 floor Renaissance crane pics from a new viewing point.








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Old January 29th, 2007, 08:57 AM   #80
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I appreciate that nothing will replace Wortley and nor should it as all neighbourhoods are different.
I just meant a new little area similar in its makeup. Richmond is full as is Wortley. What about Horton before it turns into Hamilton..........what is that area like or Horton/Wellington?
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