Last night I saw an expose on CBC Marketplace, going backstage at a “Rich Dad Poor Dad” seminar led by Tigrent learning. These seminars are sold as a way to learn how to invest in real estate, but based on the video CBC shot at the event, which was held at Kitchener, no one learned [...]
Archive | January, 2010
Nominees for Kitchener Waterloo Business Excellence Released
The Kitchener Waterloo Chamber of Commerce has just released the list of nominees for the annual Business Excellence Awards. Congratulations to everyone who is nominated! I want to specially recognize a number of my friend’s who are nominated, inlcuding Fiddleheads, Gowlings, Rick Baker, Kurt Wissent, Mandy Dennison, Jason Kipfer, Stemmler Meats, Nutrition for Learning, Leo [...]
Kitchener Waterloo Economy Expected to Grow 3.3% in 2010
Real estate prices are tied to the quality of the local economy. With that in mind, more good news for people who invest in Kitchener Waterloo real estate: Waterloo Region’s economy poised for strong growth TheRecord.com WATERLOO REGION – Waterloo Region’s economy is poised for a big rebound this year, says the Conference Board of [...]
Saving for University – Investing in Real Estate or an RESP?
One of my friends recently expressed some frustrations to me about the Registered Education Savings Plan (RESP) system for investors in Canada. He was finding it tough to reach his savings goals through the RESP, and asked if I had any insight. I suggested that he and his wife could buy a rental property in [...]
Waterloo will not vote on amalgamation, as per Council
Some disappointing news out of last night’s Council meeting in Waterloo – our elected city councilors think its best to not ask the citizens our opinion. Hmmmmmm….. Regardless of if you’re a pro or con on amalgamation, shouldn’t the voters get to debate and decide? Waterloo votes down merger question By Brent Davis, Record staff [...]
Bauer in Waterloo filled, Cambridge place still half empty
There is a very interesting article in The Kitchener Record this morning about the night and day differences between the Waterloo and Cambridge real estate markets for Office space, as well as industrial space. While many people are excited to live in the Bauer Lofts, there is also prime commercial space next door in the [...]
Own Investment condos? Look at the Home Renovation Tax Credit
Most people associate the Canadian government’s Home Renovation Tax Credit (or HRTC) with detached family homes and larger properties; rarely do they think about the investments they own, or if they do, the investment condos. What is the HRTC? In the government’s own words: Under proposed changes, the HRTC is a non-refundable tax credit based [...]
Flaherty to public: Hold on, I’m thinking, watching and monitoring real estate market
Canadian Government still looking at shorter mortgage amortizations on real estate purchases, but no indication of decision yet So much talk, so little action. Typical of a government, so I probably shouldnt be surprised On December 22 I wrote Flaherty comments further on Canadian Real Estate and Mortgages and on Janaury 13 I reported in [...]
What Student Rental apartment buildings can you buy in Waterloo?
…and what return will you get on your money by investing in these student properties? This is something I’ve been asked a lot recently, especially with the news that CMHC is now back in the student rental financing game. In this video, we look at a 180 bedroom property that an investor is considering near [...]
CMHC *finally* returns to Student Housing Rentals in Waterloo
The day is upon us! Many of our clients have been waiting for this since 2008, when the tap of money for student rental properties in Kitchener Waterloo seemingly dried up. CMHC stopped insuring loans on this asset, and when CMHC gets out of the game, banks tighten up their available financing terms and start [...]
