June 13 2018 Kitchener Waterloo Real Estate News

Kitchener Waterloo Real Estate News

Kitchener Waterloo Real Estate News

June 13 2018

 

Wednesday June 13 2018. In this week’s Kitchener Waterloo Real Estate News: sliding down into summer, phantom rent, electronic lockboxes, vacation homes, getting ready to sell, blockchain, the second half of 2018, a Canadian global luxury market city…

Like a bell curve

Local listings peaked about three weeks ago at 940 and then started their downward trend into the so-called summertime slowdown. I suppose that will be good for home prices (if you’re selling or already owning) but not so great for homebuyers. Prices have fallen only a little (down less than 3% compared to same time last year). 

Sales are brisk. The best listings sell fast and often over list price.

With the lack of inventory and a soft market in GTA, I had one client change his mind about relocating here. “Maybe next year”, he said. 

In the market to buy a condo? Kitchener resident has word of warning before purchasing new builds

Since purchase deals can’t close until the units are registered, new condo buyers should prepare to pay phantom rent, which includes property taxes, the usual operating fees and interest on the outstanding balance owed to the builder.

Kitchener-Waterloo realtors going high tech with electronic lockboxes

K-W association going with devices that open with smartphones

Canada’s recreational home sales ‘robust’ heading into summer season

Price of vacation homes is expected to rise 5.8 per cent by end of September

10 Ways To Evaluate A Local Real Estate Market Before Buying Or Selling

While real estate agents can provide plenty of support and guidance, homebuyers and sellers can do a little research of their own to find out whether a local market is hot or cooling with rapid tepidness.

Thinking about selling

If you are a novice home seller seeking to sell your starter house, condo or townhouse and upgrade to something bigger, you might need some suggestions on the best ways to offer up your house for sale for the very first time. Sure, you’ve been through the buying process, however selling has its own difficulties and guidelines to follow. To learn the easiest ways to sell your first home, keep reading.

The University of Waterloo is joining San Francisco-based Ripple’s University Blockchain Research Initiative

University Blockchain Research is a collaboration between Ripple, which specializes in digital payments and blockchain, and major universities from around the world to supportƒ academic research, technical development, and innovation in blockchain, cryptography, and digital payments systems. 

University of Waterloo is the only Canadian university participating in the initiative. 

Here’s what to expect from the Canadian housing market in the second half of 2018

  1. The mortgage stress test isn’t playing around
  2. Higher interest rates will weigh things down
  3. Canada may slip further in global rankings

Guess which Canadian city ranked top global luxury market

You will never guess which Canadian City landed the top spot on Christie’s global list of hottest luxury housing markets

 Electronic lockboxes

I haven’t gone to the training yet as I’ve been busy with clients and the work involved with changing brokerages, but I almost always think change is a good thing and when it comes to lockboxes, the change from the mechanical to electronic is way overdue. I always struggled with the mechanical lockboxes. There were several kinds that opened in different ways. Sometimes agents gave you the wrong code (or I copied it down wrong). In the winter time they froze. Sometimes they were hard to find (that won’t change). 

The new boxes, I understand will give us information on who is entering our listings, when and how long they are staying inside. More information is good, right?

Get on the list


Kitchener Waterloo Real Estate News

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