One question many investors ask me before they purchase a rental property in Kitchener Waterloo, especially if the client is from out of town (I work with many investors from Toronto and the West Coast), is what is the local vacancy rate.
Until this morning, I was providing them with 2006 statistics, since that was the most current, comprehensive, reliable data I had. This morning that all changed.
CMHC (Canadian Mortgage and Housing Corporation) released their Fall 2007 Rental Market Statistics for markets across Canada. The report is about 60 pages and has a ton of great data. If you’d like a copy, email me.
I am combing through the report this morning, and already one statistic in particular stands out.
The vacancy rate in "Privately Initiated Rental Apartment Structures of Three Units and Over" in the Kitchener Waterloo area fell from 3.3% in October 2006 to 2.7% in October 2007.
No wonder so many people are investing their equity in Waterloo Region! Call me today at 519.570.4447 to learn how you can start building wealth.
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Kitchener Waterloo’s Favourite Real Estate Agent* wants to show you how Real Estate Investing can make you wealthy. Benjamin works with people from across Ontario, Canada, and North America helping them build wealth through smart real estate investments.
Benjamin is hosting a FREE Millionaire Real Estate Investor workshop January 10th, 2007 from 7-8:30PM. Registration is free in advance, or $5 at the door. Call or email Benjamin Bach today to register, and learn how you can start your Real Estate Investment portfolio.
Benjamin is a Sales Representative with Keller Williams Golden Triangle Realty in Kitchener Waterloo and would love to answer any questions about buying or selling a rental, income or investment property.
You can reach Benjamin at Benjamin(AT)BenjaminBach.com or call him at 519 570 4447
*Gold Award, Kitchener Waterloo Record Readers Select Awards 2007 - 2008
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