October 2008

Great Kitchener Waterloo Real Estate Investment Opportunity

Great Investment Opportunity – Legal Licensed Student Lodging House for 5
Moneymaking Student House

When Investing in Real Estate, the sage advice is Location Location Location!
Well, location doesn’t get any better than this for a student rental property.

268 Hemlock is a legal licensed house for 5, so close to WLU you can see it.
Located between Conestoga College’s Waterloo Campus, Wilfrid Laurier Univesity and University of Waterloo, there are over 50,000 students within a short walk of the home.

If you have a child that going to school here now, or may be attending one of these schools in the next 5-10 years, investing in this student home now will allow you to have a great home for them to live in with 4 friends when they go to school, plus you’ll benefit from owning a prime located real estate investment!

Why would you pay for residence, or rent that is paying off another investor’s mortgage, when you could be profiting from being an investor in the great student real estate market in Waterloo ?

The property is currently fully rented until August 2009, and tenants pay all utilities.If you`d like more information on this property, and to schedule a private tour, email or call Benjamin today at Benjamin@BenjaminBach.com or 519 570 4447.

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 the world helping them build wealth through
smart real estate investments.

Benjamin is a Sales Representative, and runs the Wealth Team at
Keller Williams Golden Triangle Realty in Kitchener Waterloo. He’d 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

Kitchener Waterloo Real Estate Investment Market Update

There is lots of talk about the economy these days. We keep hearing about the Wall Street Bailout, the economic issues in the US credit and equity markets, and the downward pressure on housing prices in some areas of the USA.

Recently, I find myself being asked by investors the question of whether what is happening south of the border is affecting Real Estate in the Kitchener Waterloo market.

Now, I know the old saying “When the US Sneezes – Canada Catches a Cold,” and clearly the health of our economy is tied somewhat to that of our largest trade partner, the USA, but recent activity in Kitchener Waterloo seems to be bucking the trend.

In September 2008, the number of residential units sold increased 11.4% from September 2007. The value of these residential sales was $134,753,742 last month, compared to $120,205,358 in September of 2007 -a 12.1% increase in the dollar volume of all residential sales for the month.

Year to Date, the total dollar value of all residential sales has increased by $14,871,289 over the same period (Jan-Sept) of 2007.

Residential is not the only asset class that’s showing strength in the Waterloo region real estate market. Investors have also been trading Multi Family units with greater volume than last year; September 2008 multi family sales (dollar volume of sales) were up 32.6% over September 2007, and year to date about $15 million in additional multi family property has been bought & sold ($85,413,829 [2008 YTD] vs $70,769,850 [2007 YTD]) compared to last year.

What about average sale price in Kitchener Waterloo ?

Great question! Let’s have a look:

The average sale price of a detached residential home was $293,690 in September 2008, compared to $285,638 in September 2007.

The average sale price of all other types of residential property (semi detached, freehold townhouse, condominium unit, co-operative, link, recreational or mobile home) climbed to $192,869 (YTD 2008) from $179,464 (YTD 2007) – an increase of 7.5% year over year.

Kitchener Waterloo continues to show why strong fundamentals drive a growing real estate market. KW has great employers, fantastic employees, and is a great place to live. All this contributes to economic growth – more and better jobs – which draws people to the area.

As Dr. Sherry Cooper, Chief Economist, BMO Capital Markets said, “We expect growth in Waterloo-Guelph to exceed both the Ontario and Canadian rates over the 2009-12 period.”

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 the world helping them build wealth through smart real estate investments.

Benjamin is a Sales Representative, and runs the Wealth Team at Keller Williams Golden Triangle Realty in Kitchener Waterloo. He’d 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

Kitchener Waterloo Real Estate Investing Workshop

People always ask me how they can learn about investing in real estate.  It can seem complicated, but if you learn how other successful investors have done it, you can do it too.

Join me on Tuesday October 28 as I share proven systems and models that Millionaire Real Estate Investors have used for generations to build true financial wealth. 

You will start down the path of being a Millionaire through real estate investment.

In this 90 minute interactive workshop, we’ll be looking at:

• How to get started investing in residential real estate
• Why so many people from across Canada are focused on the Kitchener Waterloo area as the #1 place they want to invest their money
• Whether you want to invest for Cash Flow or Equity Growth initially
• and where to find the professionals you need in your network and on your Wealth Dream Team

The workshop is FREE with registration (click here to register). 

Anyone can do it, not everyone will. Will You?

WHEN: Tuesday October 28th, 7:00-8:30pm

WHERE: Keller Williams offices, 871 Victoria Street North, Kitchener Ontario. (click for map)