Day: 28 September 2017

Police Enforce Ban on Bicycles and Skateboards on Sidewalks

John Draper

In February 2016, Cobourg passed a bylaw to ban bicycles and skateboards on sidewalks.  Unfortunately, there have been enough offenders lately that there have been complaints about it and that it was worse than usual – probably as kids went back to school.  Adam Bureau of the DBIA conveyed the concern of merchants to Police at a recent by-law review meeting.  The Police have now issued a press release warning offenders to stay off sidewalks and Deputy Chief Paul VandeGraaf said that today police are now looking for offenders and enforcing the bylaw. The Police Press Release gave the reasons for the concern: Pedestrians may be unaware of someone who is using a bicycle or skateboard, for a variety of… Read complete articlePolice Enforce Ban on Bicycles and Skateboards on Sidewalks

Have Real Estate Prices Bottomed?

John Draper

According to Real Estate statistics, sales activity and prices in both Toronto and West Northumberland (primarily Cobourg and Port Hope) have dropped from the bubble in April and are possibly at a bottom. Optimistic Real Estate Board reports suggest that sales activity at least “may be carving out a bottom” and we know that reduced activity depresses prices. However, prices in August in both Cobourg and Toronto were still up from August 2016 – 10.4% in Cobourg and 3% in Toronto. Note that the Toronto Real Estate Board (TREB) blames most of the drop on fewer high end detached sales – Condo and Apartments are still selling well. Specifically, TREB says: The average selling price for all home types combined… Read complete articleHave Real Estate Prices Bottomed?