July 28 2017
Kitchener Waterloo Real Estate News Update
July 28 2017. In today’s news: Shopify, Reddit, smoking in Australia, spurious correlations, foreign real estate buyers, cranky in Cambridge, new home construction, working from home, and a sink hole in Fla.
Let’s open a shop
This summer, Shopify is conducting Shop Class, an eight-stop tour across Canada to convince more people to launch their businesses on Shopify.
Reddit hates Chandler Ave
The neighbourhood directly in front of McLennan Park, specifically Elmsdale, Chandler and Leacrest streets are not very popular with Redditors. Crime is the major factor.
Bum a smoke, mate?
Stringent anti-smoking laws in Oz have already seen the smoking population plummet to less than 15% in six years. Australians will soon have to pay $40 for a packet of cigarettes.
As you know, I’m not a big fan of statistical real estate reporting. It’s a pet peeve of mine how media, reporters and real estate boards manipulate the numbers. How cheese consumption relates to people who die after getting tangled in their sheets has more correlation than comparing bubbles, cities and year over year real estate sales.
How much did foreign buyers really impact our real estate prices?
There is no widely accepted threshold at which experts agree that foreign home buyers start to drive up prices. While it is clear that overseas investors have had some impact on Toronto’s housing market, just how much remains the subject of great debate.
Cranky in Cambridge
City councillor wants $100 fee charged to launch complaint in attempt to stem the flow of complaints. Old Galt, Hespeler and Preston can’t agree on anything.
New home construction in a changing market
New home prices aren’t immune to real estate slowdown New home market mirroring its resale segment is slowing down in most Ontario markets. New home prices climbed 1.1% in May compared to the month before.
KW News in your inbox
Get the KW real estate news right in your inbox
I like working from home. I’m working from home now. Working from home has ballooned over the last 20 years but some offices are rethinking overly broad policies. I could never go back.
The money pit
A sinkhole in Florida swallowed a boat, destroyed two homes and prompted officials to evacuate residents from about a dozen homes. Within roughly 30 feet of the sinkhole, the ground was soft underfoot and felt like it was moving.