Kitchener Waterloo Real Estate News
March 27, 2019
Wednesday March 27, 2019. In this week’s Kitchener Waterloo Real Estate News: Ion, spring market, neighbourhood names, pre-con dangers, airbnb, top ten Canadian cities, Africa, to do or not to do – that is the question.
ION on time?
Now that it is officially Springtime, Kitchener-Waterloo residents and ION drivers are wondering when the LRT will start operations. After many delays, we have been promised Spring and now Spring is here.
So what’s the hold up?
Software from Bombardier.
A engineer I know says if it were hardware we’d be in business, but software…wait we have to.
What are the best 27 places in Waterloo?
These are the 27 places that are unique, rich in character, with historic appeal, outdoor beauty, or cool buildings.
What’s in store for Canada’s Spring housing market?
The end of March and beginning of April typically kick off the busiest season for Canadian real estate. As temperatures rise, so too do the number of weekend open houses, as sellers take advantage of improving weather to showcase their home’s best attributes. Buyers frustrated by a lack of choice over the winter now luxuriate in a number of listings, and may be motivated to close deals as summer – and the following school year – looms just a few short months away. Infographic
What’s in a neighbourhood name?
A lot. Inside the big, twisted industry of neighbourhood data collection.
The dangers of pre-construction sales
In 2018, Ontario saw a steep rise in the number of condo projects being cancelled by builders. The numbers are shocking: more than 4,000 units will not be built as a result of project cancellations, beating the 2017 record of 1,678 cancellations. Buyers who forked over down payments also had to absorb corresponding legal fees. Buyers also no longer have the opportunity to find a home they can afford because prices have increased over the last few years while their money was tied up in a project they once could afford.
Consumers spent more on Airbnb than on Hilton last year
That means Airbnb now owns about 20 per cent of the entire US consumer lodging market. This growth comes as Airbnb, which has traditionally been a way for people to rent space in their homes, branches out more directly into the hotel space.
Top 10 best cities to settle in Canada as a new immigrant
Canada admitted 321,065 permanent residents last year. Many of them settled in our biggest cities. If you ever wondered what the average restaurant meal costs in Mississauga, or the price per square metre to buy an apartment in Montreal, or the taxi starting fare in Saanich, then this article will be most satisfying.
Let’s hear it for Liberia
Here’s a map showing when different nations in Africa gained independence.
What’s on your not to do list.
Back in 2007, the New York Times called Apple’s decision not to add a mechanical keyboard to the iPhone their billion dollar gamble. That decision worked out pretty well for Apple. Some of the most successful ideas in the world were born from a conviction about the things the creator, founder or company would not do. Pixar decided not to make animated musicals. James Dyson decided not to make vacuum cleaners with bags in them.
For me, as a self-employed real estate agent, many of the things I decide not to do involve not spending money and time on things that do not have a high return on investment value. My top of mind list would include
- wear $500 shoes
- work at a Big Box brokerage
- send postcards and junk mail
- knock on doors or disrupt people by telephone
- mass email drip campaigns…