Last night CTV ran a story on the recent Real Estate Investment Network report naming Kitchener Waterloo (or KW) the #1 investment destination for real estate investors in Ontario (see: Top 9 Reasons You Should Invest in Kitchener Waterloo Real Estate). I spoke with CTV at the Keller Williams office yesterday morning, and they also [...]
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Top 9 Reasons You Should Invest in KW Real Estate
KW Tops List Kitchener Waterloo is Ontario’s top Real Estate Investment Destination, again. Well, it’s that time of year again. Kitchener Waterloo is getting some more much deserved attention from Canadian Real Estate Investors all across the country. KW has been named the top real estate investment destination in Ontario by the Real Estate Investment [...]
A Mortgage Broker’s thoughts on the Bank of Canada’s interest rate hike
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 [...]
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 [twitter, not FP specifically on twitter]): The following analysis is from Avery Shenfeld, chief economist CIBC World Markets. The Bank of [...]
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 [...]
$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
Investment Property in Cambridge Ontario sells for $45+ million
Last week we looked at Two Waterloo Region Apartment Buildings that Sold For $45+ million. Here is a video with some more information: To recap, the investment property in Cambride, Ontario was purchased at a 5.7% cap rate. Between both apartment buildings there are 225 units, and the average rent is above $1500 per month. [...]
New Kitchener Condo development splits local opinion
New Condos coming to Margaret Ave in Kitchener Fresh off our discussion of the new Condos, Hotel, and Commercial real estate coming toWaterloo - the Barrel Yards, here is some information about a new development going in donwtown Kitchener at 30-40 Margaret Ave. I happen to think it’s a great addition to the area! Read [...]
