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 [...]
Tag Archives: condo
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 [...]
Centre Block to bring $95 million development to Kitchener downtown
Exciting news this week about a new development in downtown Kitchener, on the Centre Block land that the city has acquired over the past 10 years at a cost of about $13 million. From The Record: During a closed-door meeting councillors gave their final authorization to staff for an agreement between the City of Kitchener [...]
A few more quick stats on the ‘09 KW Real Estate Market
Following up on the recent post What happened in Kitchener Waterloo Real Estate in ‘09, here are a few more detailed statistics on residential home sales on the KW Real Estate board in 2009: The most active residential price segment were homes $200,000-$250,000, with 1794 sales Overall there was more than $1,680,000,000 (1.6+ billion) worth [...]
Kitchener Waterloo’s Centre Block Condo Development Moving Forward
(image of proposed Centre Block development from City of Kitchener) The Kitchener Waterloo Record is reporting that the long awaited Centre Block development in downtown Kitchener is moving forward: A Brampton-based developer says he will sign an agreement next month with the City of Kitchener for a project that will add 385 condos to the [...]
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 [...]
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 [...]
Open House Weekend – Kitchener Waterloo Homes For Sale
Here’s another Keller Williams Realty Open House Extravaganza. We’re painting the town red! Please consider visiting these fine homes and tell the Realtor that I sent you! $215,000 ~ 33-12 Holborn Drive, Kitchener ~ Saturday Jan 10th 12-2pm WOW! 1200 sq ft open concept condo in Stanley Park! 3 bedrooms, 2 parking spots. http://www.Kitchener-Condos.com for [...]
