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 [...]
Tag Archives: canada
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 [...]
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 [...]
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 [...]
News about the Canadian Economy
Smart Real Estate Investors educate themselves about the economy. I try to be a smart investor, so.. Here are a few articles that I’m reading about the Canadian economy: Leading index suggests robust growth Statistics Canada’s index of leading economic indicators rose 0.9 per cent last month, the federal data agency said Friday. The leading [...]
Two Waterloo Region Apartment Buildings Sell For $45+ million
(…and we have many clients looking to buy big apartment buildings in Kitchener Waterloo - contact us today if you have one!) $46,710,000 to be exact. Killam Properties has announced the purchase of two river front apartment buildings in Cambridge, totalling 225 recently built residential units. This is one of the largest recent Multi-Family transactions in the Kitchener Waterloo area [...]
Canadian Commercial Real Estate News
Some interesting Commercial Real Estate news recently – we’re seeing investors from both within Canada and internationally looking to place equity in the secure and stable Canadian economy; for many, their preferred vehicle is tangible real estate investment properties like apartment buildings. Global Players looking at Canadian Commercial Real Estate Big international players are looking at [...]
More on the new CMHC Mortgage Rules for Real Estate
My friend Jeff Zabel (email: jzabel@mortgagealliance.com) with Mortgage Alliance Canada’s Mortgage Choice in Kitchener Waterloo just sent me some more info on CMHC’s new mortgage regulations for homeowners and property investors: 1) All changes are effective April 19, 2010 with exception to change # 7 & 8 2) Qualifying rate – For loans with fixed [...]
