February 20 2019 Kitchener Waterloo Real Estate News

Kitchener Waterloo Real Estate News 

February 20 2019

Wednesday February 20 2019. In this week’s Kitchener Waterloo Real Estate News: Roadtrek receivership, RRSPs, homeownership, true facts, Kitchener core, home pricing, Fintech, Canadian cities compared, climate change, real estate marketing

Story at 11

As an owner of a Roadtrek motorhome, I was not only saddened and dismayed by the news on Friday that Hymer went into receivership, I was also concerned that the next four years of my warranty was now defunct. I had a lot of confidence in the company that was expanding and hiring. Now 900 local people have lost their jobs and that sucks worse than my useless warranty. The story isn’t over yet. Maybe they will find a buyer. Maybe they will start up one more time again.

11-storey apartment will add 173 rental units to Kitchener core

The $17-million project at Weber and Scott streets will add 173 mainly one- and two-bedroom apartments, and will fill a gap in the local housing market on a site now occupied by a parking lot and vacant land.

RRSP vs homeownership

With tax time coming up for most of us, and with most of our investments in stocks, bonds and mutual funds in deficit last year, this article has some interesting statistics about Canadian homeownership, retirement, down payments, mortgages… 

25 True Facts about real estate that are not true

It’s always a little disconcerting when I learn something that I thought was true is not true. Call it conventional wisdom or historical thinking. I don’t know but it happens all the time. But when it comes to real estate true facts that are not true this is serious business. Here are 25 true facts about real estate that are not true.

The 4 things agents consider when pricing your home

A deep knowledge of your surrounding area and current market conditions is a big part of an agent’s expertise, and their sales experience working with many different clients gives them valuable insight into the psychology of buyers.

Finding the right price for your home is vital if you expect a quick sale. Here are the four things.

Which Canadian city has the best Fintech ecosystem

We want home-grown companies to lead the next wave of financial services in Canada, don’t we. Betakit analyzed over 400 FinTechs operating in Canada and the results are summarized in the two charts here.

The best and worst Canadian cities for single buyers

This chart shows median single buyer incomes vs income required to buy an average home. Kitchener-Waterloo is in the top ten (and that’s not a good thing).

In a New Jersey state of mind

See which city’s weather your home will most resemble in 60 years if current climate change continues.

I have buyers for your home

Some old clients sent me an email last week about a letter that they received from a local Realtor. It was the standard bit about having clients looking for a home just like theirs and if they were thinking of selling to get in touch with him. What freaked my old clients out was that it was a letter addressed to them personally with their names and address. 

I admire his effort.

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