August 28 2017
Kitchener Waterloo Real Estate News Update
August 28 2017. In today’s news: surfing in Tofino, buying in Vancouver, flying off your bike, dorm-style living, tiny house regrets, steep hills to climb, healthy homes
Tofino, the west coast’s west coast.
There are 22 miles of surfable beaches with the type of swells that excite watersport junkies. Tofino is Canada’s surfing capital.
A brief history of foreign buying of Vancouver real estate
Starting in 1976, the Canadian government rolled out a program to attract wealthy Hong Kong immigrants. Those with $365,000 ($1,541,504 in 2017 dollars) in net-worth, who invested in $183,000 ($772,864 in 2017 dollars) could come to Canada without any ties. The immigrant had to create 1 job, and establish either a home or have a child attend school.
Off your bike
In many cases, riders fly off cycles and land on their arms or heads, winding up clutching their bodies in pain. Some are pitched into the roadway and narrowly avoid being run over by cars. If you’ve ever had a nasty spill, you might not want to watch this footage
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Will dorm-style living become the next hot housing trend?
Probably not, but it might become the next temporary housing trend. “Rarely did I have to worry about doing the dishes, putting my dirty laundry away, or even walking around with little more than underwear on”. That changed.
Tiny house regret
Tiny houses might not be for everyone. Although the minimalist movement has its perks, here are five reasons why a tiny house might not be best for you.
Last summer I was in St Johns. That was nothing compared to this
Residents of Dunedin, New Zealand’s Baldwin Street grind their way up a 35% slope to get home each day—the street has been christened “the world’s steepest residential street” by Guinness World Records.
37 ways to make your home safe and healthy
Here are some highlights
- #5. To prevent scalding, set your water heater to below 50 C.
- #23. Don’t store ladders or tools on the outside of your home
- #29. Get to know your neighbours.
Drop in GTA home prices prompts new warning: seller beware
Some homeowners and realtors are making a case for stronger seller protections — specifically, who gets to keep the deposit when a buyer backs out.
How long will Ontario’s Fair Housing Plan cool the GTA market?
Interested in Tech Stocks?
Here’s one with a profit margin over 40%
Home sellers face a refresher course in economics
Buyers are wary right now. Some are waiting for prices to drop. Sellers, meanwhile, are expecting that the market in September will pick up where it left off in April.