August 2 2017 Kitchener Waterloo Real Estate News Update

August 2

August 2 2017

Kitchener Waterloo Real Estate News Update



August 2 2017. In today’s news: a condo tower beside the iron horse trail, green bin adoption, self-storage wars, Jerusalem, your credit score, cycling in India, homebuyers staying home, a blast from the past, waiting for home delivery and a big fast crash

Need a primer?

If you like economics (who doesn’t?), here is how higher interest rates impact the economy. 

11-storey, 102-unit condo tower beside Iron Horse Trail proposed.

The proposed development at 588-600 Queen St. S. would replace the auto repair shop as well as a two-storey building that was the home of Nougat bakery and delicatessen.

From the Department of Nudge

Four months into the new waste collection rules, Waterloo Region residents are adopting the green bin. In June, green bin tonnage topped 2,000 tonnes, compared to 880 the previous June.

File that away

New self-storage facilities now increasingly feel like condos for stuff: they pipe in music, provide WiFi, boardrooms and shredding services. Gone are the sprawling, boxy, Ikea-style structures, designing pert, aesthetically pleasing multi-storey buildings that look better than many multi-unit dwellings.

Having a wail of a time

Jerusalem has been destroyed twice, besieged 23 times, attacked 52 times, and captured and recaptured 44 times.

What’s the score?

Credit scores range from 300 to 900. A good score is typically 670 and higher. If your credit score is more than 750, you have an excellent rating.

In India, cycling has become the new golf

Bike sharing programs are enjoying a lot of success in India because they are integrated with public transportation programs.

Buyer’s remorse – not.

Realtors are finding it hard to fathom why buyers are staying home. They got the power.

Found on Reddit

I recently bought a home and I got a letter from City Hall saying there is a ownership change fee for setting up the tax account. Is this normal? And can I pay it online?

Kitchener Promotional Film

A blast from the past. It all seems so quaint (and boring).

Waiting for home delivery

The deadline for the decision on Canada Post home delivery was missed as Liberals ponder a way forward. Liberals say verdict on home delivery will now come by end of 2017.

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Ripping the band aid off quickly

Most real estate agents and homeowners don’t want to see a crash, but that might actually be the better option for the market. Sharp drops are better than prolonged smaller negative numbers. Downtrends are a natural part of the real estate cycle, so failing to acknowledge their existence is just dumb.

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