Here are some articles about Kitchener Waterloo Real Estate that were posted on our other blog this week. An excerpt of each article is included. Click the title to read the full blog. Google moves offices from Waterloo to Kitchener’s Tannery Big news for downtown Kitchener: Google is moving it’s offices from Waterloo’s Tech Town [...]
Tag Archives: CMHC
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 [...]
New Home Construction is up in Kitchener Waterloo
Canada’s Mortgage and Housing Corporation, CMHC, released their report on housing starts (the number of new homes starting construction) for the area containing Kitchener Waterloo, Cambridge, Woolwich and North Dumfries, Ontario. Housing starts are up: Construction began on 168 homes, up from the 103 units started in the same month last year. This was the [...]
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 [...]
What Student Rental apartment buildings can you buy in Waterloo?
…and what return will you get on your money by investing in these student properties? This is something I’ve been asked a lot recently, especially with the news that CMHC is now back in the student rental financing game. In this video, we look at a 180 bedroom property that an investor is considering near [...]
CMHC *finally* returns to Student Housing Rentals in Waterloo
The day is upon us. Many of our clients have been waiting for this since 2008, when the tap of money for student rental properties seemingly dried up. CMHC stopped insuring loans on this asset, and when CMHC gets out of the game, banks tighten up their available financing terms and start looking for much [...]
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 [...]
Waterloo Vacancy Among Canada’s Lowest
Waterloo’s vacancy rate is among the lowest among Canada’s real estate rental markets, according to a recent Canada Mortgage and Housing Corporation (CMHC) report (which we covered here: Vacancy rate in Waterloo falls to 1%), “thanks to a crush of high-tech workers and university students looking for short-term housing.” (via The Record) The one-per-cent vacancy [...]
