July 6 2017 Kitchener Waterloo Real Estate News Update

July 6

July 6 2017

Kitchener Waterloo Real Estate News Update

 

 

What’s the difference between a grave yard and a cemetery?

Although these two words are used interchangeably, there is a subtle difference between grave yard and a cemetery. Graveyard is the older of the two terms, and it is mostly used to refer to a burial ground which adjoins a church. Whereas the word cemetery comes from a Greek word meaning ‘dormitory or resting place’. Unlike a graveyard, a cemetery does not adjoin a church.

Real estate blogger threatened by Zillow

Legal experts are not impressed by the bogus threats Zillow used to silence real estate blogger. If you have ever received a cease and desist letter, and I have (from a sell your own property franchise which I cannot mention, guys) you know what empty threats look like.

It sounds like a good thing, but history tells us its a bad thing

Late mortgage payments in Ontario have fallen to the lowest levels since the early 1990s. The last time it was this low, the market crashed. Why? Here’s why. In a market where buyers outnumber sellers by a large margin, there’s little reason to fall behind on your payments. If things get tough, you list your home and a buyer will buy it before you fall behind. That is pretty much the market we just left.

Double dipping

Cambridge residents are being warned about reports of unsolicited door-to-door pool inspectors who claim to be acting on behalf of the City of Cambridge. They are not. Now there’s a job that I think I’d enjoy – pool inspector!

The pause that refreshes

“This is probably going to have its period of a few months of adjustment and then the market will return to its new normal”. That seems to be the feeling of most real estate agents.

Thinning out the sides and back

“It takes longer to get certified as a hair stylist in Ontario than it does to get a real estate licence”. Ontario realtors call for change amidst a changing market which will like thin the herd.

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