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 [...]
Tag Archives | rental property
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 [...]
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 [...]
New Investment Property CMHC Mortgage Rules & downpayment options in Canada
Two posts in one day – the new mortgage rules for investment properties in Canada must be big news! CMHC has changed regulations around how much money a real estate investor has to invest as an initial down paymeny when buying an investment property in Canada. Prior to today, you could put 5% down on [...]
Mortgage Rules & Down Payment Requirements in Canada for Investment Properties
We’ve been talking a lot recently about the new CMHC changes to mortgage rules and down payment requirements for investment property. These changes apply to people investing in small rental properties – from a Kitchener Condo to a triplex in Waterloo. (Important Update: There are now options for you to buy an investment property with less [...]
For the video-inclined: Kitchener Waterloo Real Estate, March 2010
We just looked at the statistics for the Kitchener Waterloo Real Estate market in March 2010; now, lets delve into it a bit deeper with a video. I also talk about the new mortgage rules from CMHC affecting everyone in Canada (see: How will CMHC’s new mortgage rules impact real estate investors in Canada?). Click [...]
Update: Kitchener Waterloo Real Estate Market, March 2010
Monthly/Yearly Kitchener-Waterloo Real Estate MLS Stats for March 2010 - Residential KW real estate sales UP 47.1% and 52.3% for the year. Best March EVER with 731 homes sold in Kitchener Waterloo Days on market is down from 55 to 43 for the year. Sales to active ratio 25.8% was 16.2% in 2009, meaning 1 in 4 listed [...]
How profitable can investing in Kitchener Waterloo Real Estate be?
I just got this email from a client, who bought his first real estate investment property in 2008. He now owns 4 rental properties in Kitchener Waterloo, including student rentals, single family homes, and a future development site (currently rented). Hi Ben, I hope this message finds you and Sarah well and enjoying married life. [...]
CMHC Mortgage Regulations to Restrict Real Estate Investment
I’ve been hearing rumours recently that CMHC was changing their financing criteria for real estate investment properties. Over the last couple of weeks,we’re heard about raising the minimum downpayment (New Mortgage Rules for Real Estate Investment in Canada) that an investor would need to put down on a rental property (that wasn’t owner-occupied, meaning the [...]
