February 13 2019 Kitchener Waterloo Real Estate News


Kitchener Waterloo Real Estate News 

February 13 2019

Wednesday February 13 2019. In this week’s Kitchener Waterloo Real Estate News: balance, reddit, rules, San Francisco, 6 mistakes, Textnow, hiking, the StairMaster..

The nature of real estate

Economics, like nature is always moving toward its true balance. As such, as times change, circumstances change. When we try to plan for the future, we base our decisions on the information on hand at the present and from the past. That makes predicting the future very problematic. We just don’t know about the shifting landscapes over the next horizon. There is however one truth that you can always count on. Real estate values always go up in the long run. That is a fundamental and irrefutable truth about real estate — it goes up. I haven’t looked at the statistics on this but I’m pretty confident that if you take any ten year period in Canadian history, no matter how bad the economy, you will find real estate prices rose. 

I mention this today, not because our local real estate is shaky or slow or that the market is soft and prices are going down. Nope. Far from it. We are doing just fine.

Fake news about amalgamation 

Local Redditors discovered a dubious website with fake information about Kitchener Waterloo amalgamation. CTV picked up the story. Well done Reddit. As far as I am concerned, there is absolutely nothing wrong with a vigilante citizen army exposing fake news.

Ontario looks at revamping the rules of the real estate game

Should consumers have the right to see competing offers on the same property? Should a realtor represent both the buyer and seller in the same transaction? There are about 82,000 real estate agents and brokers in Ontario. RECO fined 69 individuals and six brokers a total of $712,950 in 2017. Among the 2,926 complaints the agency received that year, handling of competing offers and competent services was among the most common. It represented 9 per cent and 8 per cent of the totals, respectively.

If San Francisco is so great, why is everyone leaving?

We are witnessing two migrations: One is a continuation of the California dream. The other is out migration to maybe a better lifestyle.

Six mistakes first-time homebuyers make, and how to avoid them

For most people, a car is their first big-ticket purchase. Compared to buying a house, that is a very straightforward transaction. This article in Forbes magazine is a must read for anyone thinking of buying their first house. It’s perfect. 

Textnow continues to from despite pushback from wireless carriers

TextNow wants to bring affordability to Canada – but it can’t.

Despite success in the US, the startup has been shut out of Canada thanks to the oligopoly in the Canadian wireless carrier market, dominated by the Big Three – Rogers, Bell, and Telus.

7 great Canadian cities for people who love to hike

If you’re planning to relocate to a new city and want to be sure you can enjoy the best hiking the country has to offer, you’ll like this story.

The Spread of U.S. Slavery, 1790–1860

Clearly I’m a bit of a map nerd. I just love maps. Here’s one showing the spread of slavery in the US.

Step to it

We all have our favourite workout machines, exercises and equipment. Mine just happens to be stair climbing and I think I am unique in my appreciation of this particular exercise. My old gym had an original StairMaster machine. I was the only one who I ever saw use it. My new gym has two stair climbing machines and again I am the only one that I’ve ever seen using them. When the StairMaster came along it, it was an addition to the exercise bike and the treadmill. It was an instant success as this medium article about the history of the StairMaster explains. But then came the Elliptical trainer…

Further reading:

Things to think about when relocating to Kitchener-Waterloo 

Notes on our evolving student real estate market

Random thoughts on microblogging, baroque and success

Last week’s Kitchener Waterloo Real Estate News: 

January in review, local blog recommended reading, hoarders, home selling true facts, facebook, we’re #3, data on affordability, toothpicks

Tell a friend about this awesome website. 

Photo credit: Photo by Colton Duke on Unsplash

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