I was speaking with my friend Jeff Reitzel, who is also my mortgage broker and a real estate investor. Jeff is one of the top mortgage brokers (with Mortgage Alliance Canada’s Mortgage Choice in Kitchener) in the country, and helps a lot of investors finance property. I asked Jeff what he thought of the Bank [...]
Archive | July, 2010
Large Redevelopment Coming to Breithaupt & King in Kitchener
The Record has exciting news about a major commercial real estate project in Kitchener, The Breithaupt Block. Perimeter Development Corp. is redeveloping the old (some parts date to 1903) complex on the corner of Breithaupt and King, bringing cool space to the north end of downtown Kitchener. Developer turning old boot factory into trendy commercial [...]
Terrific news for Real Estate Investors in Waterloo
University of Waterloo to Double Size of Campus Owners of Student Housing Rejoice Back in April you read about the University of Waterloo proposed plans to double the size of campus (Is Waterloo’s Student Housing Market Being Over Built?), and today the news is announced that the plans are moving forward. This is great news [...]
More analysis on the Bank of Canada interest rate hike
I just read some very cogent insights into the Bank of Canada’s rate hike this morning, via the Financial Post (found via their twitter feed, where I get most of my news these days ): The following analysis is from Avery Shenfeld, chief economist CIBC World Markets. The Bank of Canada is like a poker [...]
Bank of Canada raises interest rate 0.25%
Quick morning update. Mortgage interest rates area heading up! This morning, the Bank of Canada announced what many of us were expecting; they have raised the prime interest rate by a quarter percent, to 0.75%. This will likely put pressure on variable rate mortgages. Mortgage ares are still very affordable. We have real estate investors [...]
Housing Starts in Kitchener Waterloo up 165%
In another sign that the Kitchener Waterloo economy is still very healthy, housing starts are up dramatically: Apartment construction boosts housing starts WATERLOO REGION — Fuelled by a surge in apartment building construction, housing starts in Waterloo Region rose 165 per cent in June compared to the same month last year. Ground was broken on [...]
Kitchener Waterloo local David Johnston named Canada’s next Governor General
There was a buzz building that Stephen Harper was preparing to nominate Kitchener Waterloo local David Johnstons as Canada’s next Governor General, and last week the news became official. This is a terrific choice for Canada, and is yet another event that will draw Canadian’s attention to the Waterloo Region, one of the most vibrant [...]
$1 Billion dollars: Kitchener Waterloo’s Mid Year Market Update
Benjamin Bach with Keller Williams discusses what’s going on with the real estate market in the Kitchener Waterloo MLS area. The area surpassed $1 billion in transaction volume in the first 6 months. Prices of homes are up. Watch the video, and visit http://BenjaminBach.com for more
Got an iPad? Grab the Uzu app now (free today!)
Coolest iPad App Following up on The iPad and Real Estate: What you need to know, I wanted to share a new iPad app I just found with you. Uzu is a visually stunning, fun to play with app for the iPad. Maybe the coolest iPad app yet (although not the most useful). It is [...]
Kitchener Waterloo – an amazing place to live
Happy Canada Day weekend! This long weekend I think we’ve all been reflecting on how lucky we are to live in this great country. I want to thank the men and women who risk their lives everyday so that we can enjoy our lives securely. I’m grateful to live in Canada, and grateful to live [...]
