Kitchener Waterloo Real Estate News
Wednesday January 8, 2020
Wednesday January 8, 2020. In this week’s Kitchener Waterloo Real Estate News: so long to Kaohsiung, 2019 market stats, 2020 predictions, when to buy in 2020, valuable assets, top 10 business news stories, sellers market, Taiwan motorbikes, 2016 2017 redo?
Back from Kaohsiung to take part in the 2020 market
After almost three months in Kaohsiung, I returned to Canada in time for Christmas and now here we are more than a week into 2020. And winter. Am I happy to be back? What do you think?
2019 Kitchener-Waterloo real estate market statistics
The numbers are good unless you are trying to buy your first home, move up into your second, move into the region from a ‘less vibrant’ market, a buyer’s agent or if you like balance. In other words, it was another great year if you owned a home in Waterloo Region. Here are the statistics.
Hindsight is 20/20. Based on what happened last year, here’s what I think is going to happen this year.
When everything will go on sale in 2020
Thought you may be ‘shopped out’ from the holidays, if you are going to buy anything this year, here a list of what to buy in which month.
The big problem with housing affordability? Real estate is still a valuable asset
Since housing is an asset, its price is determined by the (net present discounted) future value of its annual yield. House prices will rise as interest rates fall since houses become a more attractive investment asset.
Waterloo’s top 10 business news stories from 2019
From Waterloo EDC Blog
Expect a seller’s market this year
Lack of supply could pave the way for an unsustainable price growth similar to what happened in 2016 boom.
The motorbikes of Taiwan
Having just returned from taiwan, this video got my motor running.
Get good advice
Back in 2016-2017, we were all caught flatfooted. At least momentarily, the real estate market had us all confounded. No one I know had ever seen anything like it. Most of us adapted, some of us sooner, some of us later. That’s the nature of the real estate game.
Now at the beginning of 2020, many of us expect a similar time. It will be the same but different, maybe not so much FOMO and fewer investors, but without inventory, buyers are going to compete and prices are going to rise. My advice if you are going to buy, buy early in the season, as soon as you can.