Kitchener Waterloo Real Estate News
April 24, 2019
Wednesday April 24, 2019. In this week’s Kitchener Waterloo Real Estate News: 9 Dunbar Rd N, local names, Walper Hotel, best house, worst house, growing markets, tech money, balanced market, Belgian houses, spending money, spending time…
1
9 Dunbar Road North not 9 Dunbar Road South!
Imagine looking out your front window one morning and seeing a ‘for sale” sign in your front yard. That’s what happened to some old clients of mine early this week when the sign installer put a sign at 9 Dunbar Rd S instead of at my new listing at 9 Dunbar Rd N. We all had a good laugh about it, except presumably the sign installer who had to come back and redo his earlier work.
Turns out that these two houses have been getting each other’s mail for years. This is a tough town!
2
Is it Weeber or Webber? Getting to the bottom of alternative pronunciations of local landmarks
While we can’t say whether one is more correct over the other, here’s what we know about these multi-pronunciation landmarks.
3
Refreshed Walper Hotel a symbol of downtown Kitchener’s resurgence
A $10-million investment has not only restored the historic gem but it has also given the rebounding city a missing amenity – upscale, boutique lodging
4
Should you buy the best house or the worst house in the neighbourhood?
When looking for a home to buy, it’s understandable why the average buyer would want something turn-key and move-in ready. After all, who doesn’t love the idea of not having to put any effort into fixing up a home before moving into it? Then again, does buying a home that’s already decked out mean there’s no wiggle room to add more value?
It’s a conundrum that faces many buyers, as they weigh their options between buying the best or worst house on the block.
5
Is a local real estate market about to grow? 13 signs to watch for
While it remains an inexact science, there are a number of clues that can help you determine whether a local market is on the verge of heating up.
6
Government pours money into Waterloo Region’s tech biz
- Communitech getting $18 million as part of new innovation network.
- Quantum Valley Ideas Lab, as well as Cognitive Systems, ISARA Corp., and High Q Technologies will all receive a share of the $41 million to help fund their respective technologies.
7
Canadians perceive the housing market as balanced
After five years, Canadians perceive the housing market to be balanced again with an almost equal share between a sellers’ market (34%) and a buyers’ market (36%).
8
Ugly Belgian houses
There is a near universal appeal among Belgians to build their own house, which is reflected in the popular saying—“every Belgian is born with a brick in his stomach.” The result of this becomes obvious when you drive through any Flemish suburb. Every house is different from its neighbour. Worse still, every house is a hotchpotch of different architectural styles.
9
Spend your money where you spend your time
I was looking at this infographic about how much of your salary goes towards your mortgage in different Canadian cities (65% in Vancouver, 15% in Regina). It got me thinking about some advice read somewhere “Money well spent is generally spent either on experiences or where you spend your time.” To me, the second part of that advice means, houses and cars, a good bed and comfortable clothing…
10
What to read next:
- Why is real estate agent marketing all the same?
- What is the role of a buyer in a real estate transaction.
- Last week on Kitchener Waterloo Real Estate News: uptown, Waterloo Region, home prices, bully offers, Shopify, homeownership, Notre Dame…
