The historic Kaufman Lofts in downtown Kitchener have been a ‘destination’ building ever since construction on the condo conversion was announced.
People tell me “I want a Kaufman Loft!” Even if the loft is a bit smaller or pricier than another condominium they were looking at, the design, location and prestige put the project over the […]
A few conversations going on around the Internet today . . . Jump in - either here or at the original blog posts (click through the links to get there).
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Brian Brady thinks Canada is headed for a Real Estate slowdown, and he asks a local for some ‘on the ground’ reporting.
In Canada’s ‘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 […]
The age old question: What to buy ?
It applies to real estate as much as anything else. Once you’ve decided to invest in real estate, you need to figure out what sort of properties you’re going to acquire. />
Some of my clients buy houses, student rentals, apartment buildings etc., but recently more and more […]
February 23, 2008 – 10:38 am
Over the last two years, clients have been investing in residential condominium apartments in the $110,000 - $160,000 range, 750 - 1000 square feet, usually 2 bedrooms & 1 bath (but sometimes two baths) and renting them out to stable, long term tenants for between $850-$950 a month.
There are many condominiums in Kitchener Waterloo - […]
January 29, 2008 – 8:53 am
Last week, a prospective investor from Stratford, Ontario - a picturesque town about 30 minutes from Kitchener Waterloo - emailed a question to me.
She asks, "What is, and how do you calculate a Cap Rate ?"
Great Question. Cap Rate, short for Capitalization Rate, is a rule of thumb (a rough calculation) that compares the […]
January 21, 2008 – 8:34 am
That’s the question I found myself asking after completing a quick analysis I did for a client looking to invest some equity in the Kitchener Waterloo Real Estate market.
With an initial $30,000 to invest, coming from non-performing equity ("dead money") in their principal residence, we have a few options. Naturally, we want to pick […]
December 13, 2007 – 1:09 pm
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 […]
December 10, 2007 – 12:43 pm
A probable client just emailed me. She is from Calgary, Alberta, and she’s looking to invest in the Kitchener-Waterloo Cambridge, Ontario area. She asks:
"Would you recommend us to purchase properties for student housing?"
Most investors I meet with have a curious interest in student property - although not all purchase student rental houses, lodging houses […]
November 6, 2007 – 9:10 am
Last week I had the pleasure of speaking to this year’s MBET class from the University of Waterloo. The MBET program fascinates me - it’s a Masters in Business, Entrepreneurship and Technology - very cool and very applicable; graduates have been known to start companies while they are still in the program.
One of the […]
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