July 8 2017 Kitchener Waterloo Real Estate News Update

July 8

July 8 2017

Kitchener Waterloo Real Estate News Update

 

 

Waterloo #10

Waterloo took the #10 spot in Ontario on Moneysense magazine’s annual ‘Canada’s Best places to live’. The survey looked at housing affordability, transit, crime and a bunch of other factors. There are some interesting statistics in there, like Milton is the fastest growing city in Ontario. Way to go Milton!

Hot, but not

Home prices in and around Toronto rose 14.9% year over year, but were actually 6.2% cheaper between April and May, the first full month-long period following the implementation of the Ontario Fair Housing Plan rules. A balanced market is on the way? I would say so.

For the kid who has everything

An Alberta company is thriving building luxury playhouses. They sell for anywhere between $3,500 to $200,000. They can come complete with fireplaces, wainscoting, and chandeliers. Pretty sweet place for a tea party.

MappedIn on the Map

Local startup MappedIn is working with Apple on the indoor maps as part of Apple’s latest mobile operating system. This is excellent news for people like me who have become completely dependant on their GPSs and get hopelessly lost in shopping malls.

Exploring without Josh

Another sign that Kitchener Waterloo real estate is balancing out, is this release of new detached homes in Kitchener’s Explorer’s Walk. Blah, blah, blah an ideal community for people who love the outdoors. But really, this is a new thing again.

Politics

The CEO of the Ontario Real Estate Association and former Conservative politician Tim Hudak says housing affordability will be an election issue in 2018. Let the campaigning begin.

Can I borrow a trumpet?

Sun Life Financial and the Kitchener Public Library will be launching a new musical instrument lending program at the library to help share the joy of music. Juno Award-winning Canadian music icon Jim Cuddy will be there to announce details of the Sun Life Financial Musical Instrument Lending Library program expansion. That is a strange and beautiful idea.

One of these things in not like the other

“Canada Has Twice As Many Vacant Homes As The US Did Before The Crash”. I don’t think these two statistics are extremely relatable, but headlines with dubious economics sell newspapers.

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