MAY 1, 2019 KITCHENER WATERLOO REAL ESTATE NEWS

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Kitchener Waterloo Real Estate News 

May 1, 2019

Wednesday May 1, 2019. In this week’s Kitchener Waterloo Real Estate News: YouTube, cold cuts, price trends, offer letters, tradeoffs, tech, purchasing power, Venice video, Fomo, Jomo…

1

YouTube moves into your living room

I was listening to a podcast yesterday that mentioned that YouTube started as a video dating site. Interesting. I didn’t know that. It quickly pivoted to what it eventually became — Netflix’s closest rival. 

The internet has changed most every aspect of our lives now. How we use our homes has undergone corresponding changes. Specifically, how we watch video and where we traditionally watch primetime TV — the living room has undergone great change. Viewers are customizing their living room experience, devoting more watch time to streaming services.

2

Cold Cut Commons? 

The builder that’s redeveloping the former Schneiders property in Kitchener is offering the publiccash prizes to come up with the best name for the development and the main roadway within it.

Baloney Buildings Boulevard? 

Auburn Developments is revitalizing the 27-acre site on Courtland Avenue into a high density, mixed-use property with low, mid and high-rise housing, affordable housing, street-front retail space, commercial space, and news parks and plazas. 

3

Waterloo Region home prices trending stronger than all Ontario 

Local home prices went up by 8.9 per cent year-over-year to reach $517,370, making growth in Kitchener/Waterloo/Cambridge among the strongest nationwide.

4

Six things you should never say in your offer letter

Personally, I’m cautious, maybe overly cautious. I’m not a fan of including a personal letter with an offer to purchase. Although I agree that it may help your offer, if you say the wrong thing, it could actually hurt your chances of winning the home. With that in mind, here are six things you should never say in your offer letter.

5

Buying real estate is all about tradeoffs 

My favourite real estate blogger talks in this post – buying a house on a busy street, about the compromises buyers have to make when buying a home in today’s market. (I bow in your general direction Mr. Fleming.)

6

Jim Balsillie has emerged from retirement with a mission to save Canada’s tech sector

He’s launched a battle against Sidewalk Labs, troubled at the prospect of the world’s largest data company having free reign over Toronto’s waterfront.

7

From Vancouver to Regina, how much money do you need to buy a home in these 13 Canadian cities

Looking to purchase a home in one of Canada’s biggest cities? You’ll need to be among the highest echelon of income earners to do so in the most competitive markets. And Kitchener-Waterloo is near the top of the list. 

8

How does Venice work? (Video)

The canals, the sewers, the buildings, the bridges and the rest of the Venice’s infrastructure has all been engineered to deal with a particularly challenging environment: not-particularly-solid ground constantly battered by salt water. In this short film, we learn how the city works and what steps have been taken over the centuries to ensure the smooth function of the city.

9

FOMO no JOMO

As we are solidly into the internet age now, we have gained some perspective of where we came from and how we got here. More importantly, we’ve learned some new skills and we have learned what not to do online. Also, most of us have come to realize that the internet is not the be all and end all. And we have learned to take ourselves offline more and more often as there is nothing that we will miss, not for very long. In fact, when it comes to social media there is a joy of missing out, at least that’s the way I feel. 

10

What to read next:

Signs that your home is overpriced

Last week on Kitchener Waterloo Real Estate News: 9 Dunbar Rd N, local names, Walper Hotel, best house, worst house, growing markets, tech money, balanced market, Belgian houses, spending money, spending time…

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