The recent issue of Canadian Real Estate magazine has a profile of Kitchener Waterloo, Ontario in the cover story on Areas set to boom. There is a lot of great content in it. CRE-Feb
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Canadian Real Estate Market Growth Based on Demand
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 [...]
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 [...]
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 [...]
GST Rebates & Investing in New Construction Rental Property
In January, a number of our clients are closing on new construction rental properties, mainly in Cambridge Ontario’s Maple Grove community (355 Fisher Mills Road, north of 401, at Hespeller Rd). A few of these clients are new Real Estate Investors, and were not aware that you could apply for a GST Residential Rental Property [...]
