July 16 2017
Kitchener Waterloo Real Estate News Update
July 16 2017. In today’s news: French kebabs, the department of nudge, BDC and Catalyst 137, Sandvine, passwords, downsizing, socks, Walmart and breaking the rules in Vancouver as usual.
Cracking down on kebabs
The kebab, France’s third-most-popular takeaway food, has become a focal point for the debate about multiculturalism and how cities imagine themselves. The food fight is about employment, taxation, foreign policy, and national identity. I like extra garlic sauce on mine.
Money moves in with hardware
BDC is moving its Kitchener-Waterloo Business Centre to the Catalyst137 hardware hub, putting BDC’s financing and advisory expertise under the same roof as companies based in the building.
Vancouver Real Estate Prices Rise Over $1,000/Day In June
Vancouver was back at it in June, defying the trends and breaking the rules. Fewer sales and more inventory usually relieves pricing pressure, not increases it.
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The department of nudge
My $500,000 listing sat on the market for five weeks before we did a $20,000 price reduction. That did it. Sometimes all you need is a little push in the right direction.
Cooking with gas
I was at a date-night cooking class last week paired up with a couple of retired school teachers who were trying to downsize. I told them it was going to be harder than they think. The first thing you should do is get rid of everything you haven’t used in two years. “Heck, I’ve got socks that are 20 years old”, said Craig. “Pass me that frying pan, eh?”
What happens when Walmart leaves?
Much has been written about what happens when the corporate giant opens up in an area, with numerous studies recording how it sucks the energy out of a locality, overpowering the competition through sheer scale and forcing the closure of mom-and-pop stores for up to 20 miles around. But in the face of Target and then Sears shutting down and moving out, here’s a new question: What happens when Walmart leaves
Sandvine shareholders enjoying the attention
Shareholders of Sandvine are slated to make their decision about the latest bid at a special meeting scheduled for July 18. Vector Capital and Francisco Partners are upping the bids
What’s your password?
A recent poll suggests that media companies like Netflix are missing out on potential revenue as 20% of young adults borrow passwords from people who do not live at the same address.