Real Estate Investors take note: Gold hits another high Many of the clients I serve are investing in real estate as a way to take control of their retirement back from the stock market. The stock market has had a rough decade, and looks to be headed for more bad times. Here is yet another [...]
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Two Waterloo Region Apartment Buildings Sell For $45+ million
(…and we have many clients looking to buy big Kitchener Waterloo apartment buildings – contact us today if you have one!) Two Waterloo Region Apartment Buildings Sell For $45+ million… …$46,710,000 to be exact Killam Properties has announced the purchase of 225 recently built residential units in Cambridge, in two river front apartment buildings. This [...]
Update on the Canadian Real Estate Market – June 2010
This Month in Real Estate - Keller Williams International Canada’s economy continues to remain stronger than many other major national economies, and is affirmed by the Bank of Canada’s first rate increase since the beginning of rate cuts in 2008.Cana As rates begin to rise, experts believe the housing market is poised to soften. Incomes rise [...]
More on the new CMHC Mortgage Rules for Real Estate
My friend Jeff Zabel with Mortgage Alliance Canada’s Mortgage Choice in Kitchener Waterloo just sent me some more info on CMHC’s new mortgage regulations for homeowners and property investors: 1) All changes are effective April 19, 2010 with exception to change # 7 & 8 2) Qualifying rate – For loans with fixed term of [...]
How profitable can investing in Kitchener Waterloo Real Estate be?
I just got this email from a client, who bought his first real estate investment property in 2008. He now owns 4 rental properties in Kitchener Waterloo, including student rentals, single family homes, and a future development site (currently rented). Hi Ben, I hope this message finds you and Sarah well and enjoying married life. [...]
Commercial and Investment Real Estate Market Heating Up
What a gorgeous day in Kitchener Waterloo – it’s sunny, warm(ish), and dry! Earlier this week we looked at the strength in the investment, student (Student Rental Market Update – Waterloo, Ontario) and commercial real estate (Commercial Real Estate Market Update – Kitchener Waterloo & Cambridge) markets in Kitchener Waterloo, Ontario. It’s not just KW [...]
Market Update: Real Estate selling fast in Kitchener Waterloo
“I can’t believe this sold in 2 days – the market is crazy these days!” – a client who wanted to invest in a condo this weekend (2nd unit in this complex that sold inside 3 days too) Homes and condo’s are moving very quickly in KW these days – our clients are involved in [...]
CMHC Mortgage Regulations to Restrict Real Estate Investment
I’ve been hearing rumours recently that CMHC was changing their financing criteria for real estate investment properties. Over the last couple of weeks,we’re heard about raising the minimum downpayment (New Mortgage Rules for Real Estate Investment in Canada) that an investor would need to put down on a rental property (that wasn’t owner-occupied, meaning the [...]
Student Rental Market Update – Waterloo, Ontario
We looked at commercial real estate sales in February & a lot of our clients focus on student rental properties in Waterloo; let’s have a look at some recent transactions: 3 properties on Bricker Avenue, directly across from Wilfrid Laurier University (WLU) sold for $8,450,000. There were 143 beds in the 3 properties, and per [...]
Tight Real Estate Market in Kitchener Waterloo
Property listings are down 33% at the end of January, compared to last January – there are less homes available for sale, and we have more demand from buyers and investors. Many people are trying to take advantage of historically low mortgage interest rates, and others want to buy and invest before the mortgage changes [...]
