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 [...]
Archive | December, 2009
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 [...]
Centre Block Condo Development in Kitchener 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 [...]
Flaherty comments further on Canadian Real Estate and Mortgages
Yesterday we looked at reports from Ottawa that Finance Minister Jim Flaherty was looking at tightening up mortgage regulations, specifically increasing the minimum down payments and reducing the maximum amortization periods (currently 5% and 35 years). This morning Bloomberg has more from Flaherty (but still no specific proposals): Flaherty, in an interview today, said recent [...]
Ottawa hints at tighter mortgage regulations
From the Globe & Mail today: Hints by Finance Minister Jim Flaherty that Ottawa may tighten mortgage eligibility rules to avert a possible housing bubble sent ripples through the industry Monday, with analysts urging a cautious approach to avoid damaging the economy. Mr. Flaherty told CTV’s Question Period that one thing the government will likely [...]
Illegal Real Estate Investments in Kitchener Waterloo
What they are and how to avoid buying them & losing money By and large, most of the investors we talk to about real estate opportunities in Waterloo Region want to invest in quality properties that they can own and profit from for the long term. They don’t have to worry about buying an illegal [...]
Report: Waterloo Vacancy Rate 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 [...]
Commercial Real Estate news heard on Twitter
Not familiar with Twitter? Twitter is a communication platform where posts are limited to 140 characters; it’s like ‘micro-blogging.’ In case you are not following me on twitter (you can go to twitter.com/BenjaminBach to sign up and ‘follow’ me), here are some commercial real estate news stories you will find interesting, that I ‘tweeted’ about [...]
High Volume and Sales Prices seen in Kitchener Waterloo
Some interesting reports about the national real estate market in Canada Via Learning from Canada by Richard Florida I read this report by the Cleveland Fed: Despite their many points of similarity, housing markets in the United States and Canada have fared quite differently since the onset of the financial crisis. Unlike the U.S., Canada [...]
