July 2 2017 Kitchener Waterloo Real Estate News Update

July 2

Today is July 2 2017

This is a Kitchener Waterloo Real Estate News Update



Down to the right

CREA’s Resale Market Forecast says nationally sales activity is forecast to decline by 1.5%. This is little changed compared to CREA’s previous forecast at the national level, with an upward revision to the sales forecast for British Columbia offsetting a downward revision to Ontario’s.In Ontario, evidence suggests that housing market sentiment has cooled following housing policy changes made by the provincial government in April 2017. Trends for the province are softening, with home sales and price growth in the Greater Golden Horseshoe region slowing.

Will they or won’t they?

BMO thinks recent economic growth and employment trends will lead to a rate hike of 25 basis points in July (or maybe October) and another in January 2018.

The tower of babel

The new owner of Toronto’s Trump International Hotel and Tower has struck a deal that will see the U.S. president’s name removed from the property. Trump-branded properties, including a recently opened tower in Vancouver, have been the target of protesters angry about the U.S. president’s policies.

Shopping for a new country

Trump is good for Canadian Startups.  Shopify is receiving many more applications from U.S. job seekers than it did before the election of U.S. President Donald Trump.

You can put the lipstick away

Boarded up buildings are still ok in Kitchener. The city council decided against a bylaw that would require property owners to spruce things up with the aim of neighbourhood beautification.

Balancing in Calgary

Calgary’s real estate market has balanced out. There is a good amount of inventory and sales are steady. You should be able to negotiate between 2-5% off the listing price on most homes and on higher-end homes, as much as 10-15%.

Like minority report for your credit card

The CIBC, the city of Waterloo and Quantum Investments find new ways to use BIG DATA at the new data hub in UpTown Waterloo. The new CIBC Data Studio is in the old Waterloo Police Station.

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