The Wealth Building Guy

The downward trend continues for real estate investors in Kitchener-Waterloo, Ontario.

Luckily its a downward trend in vacancy rates my clients are currently experiencing.

More specifically, ‘Vacancy Rates (%) in Privately Initiated Rental Row and Apartment Structures of Three Units and Over’ in the real estate investment properties they’re acquiring.

CMHC (Canadian Mortgage and Housing Corporation) released their Spring 2008 Rental Market Statistics (you can read it as a very long PDF at this link), containing a wealth of information on vacancy rates, availability rates, average rents etc., all broken down by geographic area and type of property.

The Private Apartment vacancy rate in the Kitchener Waterloo CMA (which includes Guelph, Guelph-Eramosa Township, Cambridge City, Waterloo City, Kitchener City, North Dumfries Township, & Woolwhich Township) is 2.0%.

This is in contrast to the apartment vacancy rate in Ontario, which now sits at 3.1%.

Several cities, including Hamilton, Windsor, and Oshawa, are now showing vacancies rate higher than the provincial average.

Kitchener Waterloo is the tightest rental market [ed: lowest vacancy rate] in Ontario, next to the Sudbury CMA.

We’re seeing a very strong demand for clean units in good locations - but that seldom changes.

What are YOU seeing on the ground?

Has renting your units become easier in recent months ? I’d love to hear what you’re experiencing in the market.

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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 all across Ontario and Canada - and recently, the world! - helping them build wealth through smart real estate investments.

Benjamin is a Sales Representative with Keller Williams Golden Triangle Realty in Kitchener Waterloo and would love to answer any questions about buying, selling and owning 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