“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 [...]
Tag Archives | market update
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
