An interesting article on the national real estate market in Canada appeared in the Kitchener Record this morning. While 2009’s market ended the year very strong, economists caution people from thinking we may be in or entering a ‘bubble’ like we saw in the US market. Record home sales capping 2009 due to supply and [...]
Archive | January, 2010
Waterloo bests Kitchener and Cambridge in Canada-wide study
An interesting tidbit in The Record this week: Waterloo more attractive to economy-boosting immigrants than Kitchener and Cambridge WATERLOO REGION – Waterloo is a Canadian leader in attracting immigrants to power its economy, while Kitchener is in the middle of a pack of 50 cities nationwide, according to a study by the Conference Board of [...]
Fundamentals for Canadian Commercial Real Estate Intact, say Avison Young
Avison Young just released their report researching 13 major commercial markets in Canada and the US (Vancouver, Calgary, Edmonton, Regina, Winnipeg, Toronto, GTA West/Mississauga, Ottawa, Montreal, Quebec City, Halifax, Chicago and Washington, DC.). They look at the Industrial, Retail, Investment and Office market sectors. "If anyone needs to be reminded, commercial real estate is a [...]
What is the Bank of Canada doing with mortgage rates?
Many people are speculating that the Bank of Canada will be raising rates. While the consensus amongst those I speak to is that rates have nowhere to go but up (and we are closing on a loan with a 2.4% interest rate on friday, so that’s a pretty solid perspective), the question seems to be [...]
New Construction Up in Kitchener Waterloo
Housing Starts in Kitchener Waterloo up in December WATERLOO REGION – Home builders in Waterloo Region ended 2009 on a strong note with housing starts rising for the third month in a row in December. Builders poured foundations for 195 housing units in the final month of last year, up from 129 in December 2008, [...]
2009 Kitchener Waterloo Investment Real Estate Market Update
2009 was an interesting year to be buying, selling, and brokering investment real estate. The turbulence in the global credit markets put a halt on a lot of lending, especially mortgages for student housing. When CMHC stopped insuring loans on ‘student housing,’ many lending institutions and banks stopped lending against those assets, since without CMHC [...]
Commentary on the Canadian Real Estate Market
Keller Williams released our monthly This Month in Real Estate report today, and there is some terrific information in it: All around signs appear to be brighter than they were this time last year – banks are profitable, confidence is up, employment is on the upswing lately, and the housing market is moving. Ottawa’s Centre [...]
A few more quick stats on the ‘09 KW Real Estate Market
Following up on the recent post What happened in Kitchener Waterloo Real Estate in ‘09, here are a few more detailed statistics on residential home sales on the KW Real Estate board in 2009: The most active residential price segment were homes $200,000-$250,000, with 1794 sales Overall there was more than $1,680,000,000 (1.6+ billion) worth [...]
Homes for Sale in Kitchener Waterloo – open houses
Looking for a new home, or just some design ideas? Pop into these Keller Williams open houses this weekend around Kitchener Waterloo and Ayr, Ontario $460,000 ~ 211 Reed Place, Ayr ~ Sun Jan 10th 2-4pm Stunning 4000 sqft home located on cul-de-sac in exclusive section of Ayr! Open concept 5 level, 3+1 bedrooms, 4 [...]
2009 Market Update – Kitchener Waterloo Residential Sales
This morning we looked at the strong sales the KW Real Estate market saw in 2009, with sales up from last year and 2nd only to 2007’s record sales volume. In this video, I look at the year that was, in terms of residential sales volume, and what segments of the market saw the most [...]
