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 [...]
Tag Archives: new construction
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, [...]
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 [...]
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 [...]
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 [...]
