July 26 2017 Kitchener Waterloo Real Estate News Update

July 26

July 26 2017

Kitchener Waterloo Real Estate News Update

 

July 26 2017. In today’s news: John Hancock, declining home sales, shoplift, fire hydrants, snout houses, tiny bubbles and new jobs in Waterloo region.

Putting your John Hancock on that

Manulife exploring IPO or spin off for John Hancock unit

The Wall Street Journal reported that Canada’s biggest life insurer Manulife Financial Corp is looking to list or spin off its U.S. unit John Hancock Financial Services.

Road trip

Take a look at this kitschy photo gallery of 21 bizarre attractions in Ontario. 

Six to nine months

Expect the sharp drop in home resales that occurred since the Plan’s announcement in April to be largely sustained, even though the effect of the plan itself will be temporary (perhaps up to six or nine months). Rising interest rates and stretched affordability will become increasingly restraining forces once the market has adjusted to the policy changes. Moderate—but healthydeclines in Ontario home resales are expected in both 2017 and 2018.

KW News in your inbox

Get the KW real estate news right in your inbox


Former Shopify Employees have got you covered

Cover, which was co-founded by Canadian entrepreneurs and former Shopify employees has raised an $8 million Series A funding round.

You put the water in my loo

There are approximately 2500 fire hydrants within the City of Waterloo. All fire hydrants are inspected annually. (My dog knew that.)

Shopify has you covered on Ebay

Shopify announced that it is partnering with eBay to allow its merchants to list and sell their products on eBay directly from their Shopify account. Excellent. Now I never have to leave home.

Tiny bubbles

DBRS, an independent credit ratings agency has compared several housing bubbles dating back to the late ‘80s with Canada’s rapid growth in home prices and credit in recent years and found that even if Canada’s housing market is in a bubble, far bigger ones have existed before in terms of those two metrics.

Windsor discussed banning snout houses

The popular-in-Windsor “snout house,” with its wide, protruding garage dominating the street frontage, should be discouraged or even prohibited, says a new report that cites concerns over safety and its deadening effect on neighbourhoods.

Kitchener, Cambridge and Waterloo: 7,700 net new jobs

Ontario’s roaring performance fizzled a little bit in June, with somewhat soft job numbers amid a slowing housing market.

Leave a Reply

Your email address will not be published. Required fields are marked *