Yesterday we looked at reports from Ottawa that Finance Minister Jim Flaherty was looking at tightening up mortgage regulations, specifically increasing the minimum down payments and reducing the maximum amortization periods (currently 5% and 35 years). This morning Bloomberg has more from Flaherty (but still no specific proposals): Flaherty, in an interview today, said recent [...]
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Ottawa hints at tighter mortgage regulations
From the Globe & Mail today: Hints by Finance Minister Jim Flaherty that Ottawa may tighten mortgage eligibility rules to avert a possible housing bubble sent ripples through the industry Monday, with analysts urging a cautious approach to avoid damaging the economy. Mr. Flaherty told CTV’s Question Period that one thing the government will likely [...]
Illegal Real Estate Investments in Kitchener Waterloo
What they are and how to avoid buying them & losing money By and large, most of the investors we talk to about real estate opportunities in Waterloo Region want to invest in quality properties that they can own and profit from for the long term. They don’t have to worry about buying an illegal [...]
Vacancy rate in Waterloo falls to 1%
Canada Mortgage and Housing Corporation (CMHC) just released their Rental Market Report for the Kitchener and Guelph CMAs. This report outlines the vacancy rates, average rents, availability rates etc., and breaks the information down by category – i.e. vacancy rate for 2 bedroom apartment vs 1 bedroom apartments, or comparing rates in new apartment buildings [...]
Commercial Real Estate news heard on Twitter
Not familiar with Twitter? Twitter is a communication platform where posts are limited to 140 characters; it’s like ‘micro-blogging.’ In case you are not following me on twitter (you can go to twitter.com/BenjaminBach to sign up and ‘follow’ me), here are some commercial real estate news stories you will find interesting, that I ‘tweeted’ about [...]
High Volume and Sales Prices seen in Kitchener Waterloo
Some interesting reports about the national real estate market in Canada Via Learning from Canada by Richard Florida I read this report by the Cleveland Fed: Despite their many points of similarity, housing markets in the United States and Canada have fared quite differently since the onset of the financial crisis. Unlike the U.S., Canada [...]
Kitchener Waterloo Real Estate Market Update: October 2009
Busy busy month! The summer and fall of 2009 has been very busy in Kitchener Waterloo, Ontario. Real Estate sales are almost at the same level as last year, and volume is up dramatically from the same time last year. Here is what the press release from the Kitchener Waterloo Real Estate Board says: A [...]
Finding Money for your First Real Estate Investment
I made this video after speaking to a number of people who wanted to become real estate investors, but were unsure of where they’d get the initial capital for their first investment property. Here I discuss where some of our clients got money from when they were buying their first properties in the Kitchener Waterloo [...]
Understanding Investment (and Commercial) Real Estate Terms
Ever heard real estate investors talking about NOI, the gross, Cash on Cash return or comparing caps, and not known what they were talking about? In this video, I explain some of the terms investors use when looking at investment opportunities. Even if you’re shopping outside of Kitchener Waterloo, understanding these terms will help you [...]
Investing in New Construction Real Estate in Waterloo Region
Over at our real estate investment site, we’ve posted a video q & a about investing in new construction condominiums and condo townhouses. The questions I’ve been asked by Investors about these are pretty similar in most cases, so I thought I’d let you in on the chat. Click play: What questions do you have [...]
