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20_V1_WAT_Apr20 unsure where you stand financially, I can help. ™Trademarks owned by IGM Financial Inc. and licensed to its subsidiary corporations. MP1685 (01/2011) Now that you're retired, do you wonder how much of your savings you can afford to spend each year?You want to get the most out of retirement but, don't want to run the risk of outliving your money. Let's talk about growth potential, tax-efficiency, guarantees on your capital and innovative payout strategies. If you're unsure where you stand financially, I can help. Will your retirement savings last your lifetime? Find the Latest Financial Updates and Like Us on facebook at mceachniegroup Connect with Russell McEachnie on Linkedin Russ McEachnie CFP, CPCA, CDFA, RRC Principal russell.mceachnie@igprivatewealth.com (519) 886-2360 ext. 6241 www.russmceachnie.com Investors Group Financial Services Inc. Our mailing address has changed! Please update your records. MAIL TO: CITY OF WATERLOO 100 Regina Street South PO Box 337, Station Waterloo Waterloo ON N2J 4A8 For the latest updates on City of Waterloo news, activities and events, visit us on ... www.twitter.com/citywaterloo www.facebook.com/citywaterloo www.youtube.com/citywaterloo NOTICE OF THE PASSING OF A ZONING BY-LAW UPTOWN - WARD 7 (SEAGRAM VIEWSHED, Z-16-17) Take notice that the Council of the Corporation of the City of Waterloo passed By-law No. 2017-028, on April 10, 2017, under Section 34 of the Planning Act, R.S.O., 1990. And take notice that any person or agency may appeal to the Ontario Municipal Board in respect of this By-law by filing with the Clerk of the Corporation of the City of Waterloo not later than May 10, 2017, a notice of appeal setting out the objection to the By-law and the reasons in support of the objection, accompanied by a fee of $300.00, made payable to the Minister of Finance, as prescribed under the Ontario Municipal Board Act. If you wish to appeal to the Ontario Municipal Board, a copy of an appeal form is available from the Ontario Municipal Board website at www.omb.gov.on.ca. An explanation of the purpose and effect of the By-law, describing the lands to which the By-law applies is attached. The complete By-law is available for inspection in the City of Waterloo Clerk's office during regular business hours. Dated at the City of Waterloo this 20th day of May, 2017. Olga Smith, City Clerk NOTE: i) Only individuals, corporations and public bodies may appeal a Zoning By-law to the Ontario Municipal Board. A Notice of Appeal may not be filed by an unincorporated association or group. However, a Notice of Appeal may be filed in the name of an individual who is a member of the association or the group. ii) No person or public body shall be added as a party to the hearing of the appeal unless, before the By-law was passed, the person or public body made oral submissions at a public meeting or written submissions to the Council or, in the opinion of the Ontario Municipal Board, there are reasonable grounds to add the person or public body as a party. EXPLANATORY NOTE By-law No. 2017-026 amends Zoning Bylaw 1108, being a Zoning By-law controlling land use development within the City of Waterloo. The purpose of this by-law is to preserve the westward viewshed of 3 & 5 Father David Bauer Drive (Seagram Lofts) by restricting development on lands within the viewshed. Landscaping, surface parking, underground parking structures, municipal infrastructure, outdoor patios and other specified uses will be permitted within the viewshed. For further information regarding the above matter, please contact the City of Waterloo Integrated Planning and Public Works, 2nd Floor, Waterloo City Centre, Waterloo, Ontario, by calling John Vos at 519.514.0225 or by email at john.vos@waterloo.ca P. 519.886.1550 TTY. 1.866.786.3941 waterloo.ca/publicnotices NOTICE 20 • WATERLOO CHRONICLE • THURSDAY, APRIL 20, 2017 BUSINESS � e province and municipalities have work to do to ensure housing a� ordability doesn't become a drag on economic growth T he red hot housing and rental markets are emerging as a crucial political issue for Water- loo Region and the Greater Toronto Area. The Kitchener-Water- loo Association of Realtors (KWAR) has reported that the average price of all resi- dential sales in March 2017 increased by 32 per cent over 2016. Its report for last month notes that the Canadian Real Estate Association has called the disparity between the limited housing supply and increasing demand in the GTA and Waterloo Region "without precedent." Provincially, the Ontario Real Estate Association and Ontario Home Builders' Association have noted that a strong economy has cre- ated a high-demand housing market where supply is criti- cally low and prices are out of reach for many families and fi rst-time buyers. These two associations have asked the Ontario government to establish a housing-experts task force to provide ideas for increasing housing supply and correct- ing the growing a� ordability challenges. The province has also announced that there maybe measures taken to help in the provincial budget that will released on April 27. There have been a num- ber of proposals floated for immediate relief. A huge opportunity exists to modernize outdated zon- ing laws and build the "miss- ing middle" of the housing supply in existing commu- nities that are connected to transit and employment. These include multi-unit homes such as towns and mid-rise apartment build- ings. New housing has to match the demands of buy- ers, or the market becomes highly dysfunctional, the association says. Officials at Queen's Park have also indicated that changes to rental legisla- tion are being considered. It appears that current rent controls that apply only to buildings built before 1991 will be revised to include the entire rental market. Concern exists in the Toronto area and locally, with the impact of expand- ed rent controls on the con- struction of new units which, like houses, are in short sup- ply. The local trends could be a concern for employ- ers. Recent graduates in the technology sector make up a large segment of the employ- ment base, and many are looking at first time owner- ship. Spiralling home prices could become a barrier to attracting and maintaining talent in all regions. The provincial govern- ment, working alongside local municipalities, needs to place a high priority on housing and planning issues to ensure that the overheat- ed housing market does not become a drag on our eco- nomic growth, the associa- tion says. ••• Ian McLean is president and CEO of the Greater K-W Chamber of Commerce. Steps need to be taken to cool down housing market BUSINESS MATTERS IAN MCLEAN Forbes Toyota reaches major milestone Forbes Toyota received a letter of congratulations last week from Toyota Canada president Larry Hutchinson for selling its 20,000th vehicle. It was an extremely rare Toyota 4Runner TRD Pro sold to longtime customer Amie Weber, who joined Fleet Manager Joe Halicki and General Manager Jason Stainton on Monday to mark the occassion. BOB VRBANAC PHOTO