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. [...]
Tag Archives | kitchener waterloo
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 [...]
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 [...]
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 [...]
More Tech Innovations Come out of Waterloo
One of the reasons that investors like this area is because of the innovation and creativity. Here is another example Google Buzz, the latest Social Media platform, came out of Google’s office that I drive past every day, right here in Waterloo Ontario. http://www.financialpost.com/news-sectors/technology/story.html?id=2542955 Just as Google’s simplistic homepage belies the advertising power, technological [...]
Tim Jackson appointed CEO of Accelerator Centre in Waterloo
One of the reasons that Kitchener Waterloo attracts so much attention from investors across the world is that the region is a hub of high tech companies (read: Life in a High Tech Powerhouse, 3rd article down) that continue to innovate and grow. In that light… Exciting news announced yesterday: Tim Jackson (@timothyjackson on twitter) [...]
