Wednesday February 19, 2020 Kitchener Waterloo Real Estate News

data, the world's most important resource

Kitchener Waterloo Real Estate News: a report on data

Wednesday February 19, 2020

Wednesday February 19, 2020. In this week’s Kitchener-Waterloo Real Estate News: spreadsheets, videos, Toronto-Waterloo Region corridor, Waterloo Region’s growth, airbnb, condo prices, narwals, sales down, new cities, data…

1

The state of Kitchener-Waterloo real estate – here’s the data…

In this video, I take a deep dive into my spreadsheet data and discover what might be a small advantage when competing for that perfect home.

2

Toronto-Waterloo Region corridor gets busier

Kitchener saw a 40% increase in average daily GO train ridership in 2019, one of the largest increases across the entire transit network.

3

Waterloo Region growing fast, fastest in Canada

Waterloo Region was the fastest-growing urban area in the entire country, according to new data from Statistics Canada.

4

Airbnb to ban local guests under the age of 25 from booking entire homes

Changes to security measures come following a deadly Toronto shooting that left 3 people dead.

5

Data shows Canadian condo prices are both rising and falling faster than houses

Canadian real estate prices are still rising, with condo apartments driving the market. Only condo resales, however. Prices for new construction are falling, which is actually weighing the index down. 

6

Four Waterloo companies on list of potential tech narwals

The annual Narwhal List of top companies based on global growth prospects identified four Waterloo companies as potential unicorns.

7

Canadian home sales down 2.9% in January

Home sales declined by almost 3% in January 2020 based on home sales recorded over Canadian MLS Systems. Transactions were down in more than half of all local markets.

8

There are 10,000 cities on planet Earth. Half didn’t exist 40 years ago

While Rome may not have been built in a day, Shenzhen pretty much was. In the 1970s, China’s start-up capital was a fishing village. Today, it’s a megacity with over 12 million people.

9

Data – the world’s most valuable resource

In the world of real estate, we have good data. We have listing prices, sold prices, days on market, inventory levels, interest rates, growth trends, demographic information, school rankings and just about every other data point you can imagine. We have all this data, but we don’t properly use it. Realtors are not trained to analyze data to predict future outcomes. It seems again this year that we are going to have 9 or 19 losing bids for every winner. There can only be one winner. But often there is a vast difference between the highest bid and the lowest bid, a difference so vast I wonder what homebuyers and their agents are thinking. 

There are a lot of reasons why Realtors will help their clients put together a losing bid on a house for sale and only one of the reasons is poor data analysis. It’s been said that data is the new oil, but it’s far more valuable than that. When we start treating data as more than a passive asset class and using it more wisely, it can offer a true competitive edge. 

10

Further Reading:

7 Things that make great neighbourhoods great! 

Kitchener-Waterloo Real Estate News: good house, happy winter, landmark building, online reviews, real estate books, before you sell, DTK tech, coronavirus…

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