CMHC just released their Housing Market Outlook for Kitchener Waterloo, Cambridge & Guelph (and surrounding area). The highlights are: Sales will continue at a strong pace through the fi rst half of 2010 before moderating later this year and into 2011. Low interest rates, population growth and a slightly better job market outlook will [...]
Archive | May, 2010
RBC lowers Interest Rate on 5 yr Mortgage in Canada
One of Canada’s major banks has lowered their 5 year mortage interest rate: Royal Bank of Canada (RY-T59.21-1.32-2.18%) says the posted rate for five-year mortgages will be reduced by about one-tenth of a percentage point to 5.99 per cent, effective Friday. That rate started the month at 6.25 per cent but was lowered by 15 [...]
Kitchener Waterloo Real Estate in the News
Here are some articles about the KW real estate market, as well as the larger Canadian market that we’re reading today. Daily Commercial News: April Housing Starts Jump in Kitchener Canada Mortgage and Housing Corporation (CMHC) released April preliminary housing starts data for the Kitchener Census Metropolitan Area (CMA) today. Construction began on 390 homes, [...]
From Greece with Love
How the Greek Debt Crisis directly affects Kitchener Waterloo Real Estate Investors There are a few stories out today about how the Greek Debt Crisis (update: now known as the European Spending Crisis) is affecting mortgage rates, and the problems in the Eurozone have also complicated the plans of an investor we represent in the acquisition of [...]
Canadian and US Commercial Real Estate news
Here are some commercial real estate articles we’re reading. Today we’re looking at Triple Net Lease properties, Buying US Real Estate, and when the US Debt bubble will finally burst. The Wall Street Journal is hot for NNN (triple net) leases: Cashing in on a Real-Estate Boom Are you overlooking a commercial real-estate boom? If [...]
How much is the Kitchener Waterloo apartment building for sale for?
Value of a Kitchener Waterloo Apartment Building One of things I find myself talk to real estate investors about these days is how to value a Kitchener Waterloo Apartment Building. Seems there are lots of people looking to acquire high quality apartment buildings, but there is small supply of these buildings for sale, especially when [...]
What I learnt (and who I met) at REBarCampTO
I just got back from REBarCamp Toronto (http://www.rebarcampto.com), the first time this unconference has been run outside of the US. It was was organized by Shirley Porter, Richard Silver, Evan Sage and Brad Sage - and they did an amazing job. There were between 400 and 500 people, and there were five sessions live at a time, [...]
April’s Real Estate Sales in Kitchener Waterloo set Record
Another very busy month for real estate in Kitchener Waterloo – 724 homes were sold in April 2010, up 12.6% from April 2009′s volume. The previous record for sales in April was set in 2007 with 711. The average price of a single detahced home sold in Kitchener Waterloo in April rose to $327,196, an [...]
