October 17 2018 Kitchener Waterloo Real Estate News

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Kitchener Waterloo Real Estate News

October 17 2018

 

Wednesday October 17 2018. In this week’s Kitchener Waterloo Real Estate News: real estate blogs, a grocery store for downtown Kitchener, Waterloo Region prices up in 3rd quarter, Toronto & Vancouver pull national prices down, winter selling, export growth hub at Catalyst, university rankings, Hong Kong’s concrete, How’s the market, Butternut…

A final word on blogs

A couple of weeks ago on my real estate website keithmarshall.ca I was lamenting the fact that there are so few real estate blogs, not only locally but everywhere. There aren’t any podcasts either, which is a shame as it is such a great way to share thoughts to a captive audience. 

Podcasting really connects. I did it for a couple of years and enjoyed it but found it to be too much work.

I also ran a community website — 365 things to do in Kitchener Waterloo — for a couple of years and though it was popular and successful it wasn’t generating real estate business for me so I had to stop.

Last week it was announced that Google Plus would be shutting down. Few people noticed. Google Plus was Google’s attempt to duplicate facebook (adding elements of twitter) to get into the social media game. G+ could never hit critical mass as those spaces were already taken and that gets to my point. 

The reason that there are so few real estate blogs is because that space is already taken. When I started my real estate blog back in 2010, it was an open road and as such google rewarded me and sent me to the top of the search results. Starting a real estate blog today would be so much harder and I think thats why realtors don’t do it or give it up so soon.

Kitchener development includes grocery store, 60 apartments

A downtown grocery store has been on the wish list of downtown residents for years.

Home Prices in Kitchener/Waterloo/Cambridge Area Post Healthy Gains in Third Quarter of 2018

The study shows healthy growth in home prices across Kitchener/Waterloo/Cambridge in the third quarter of 2018. During the period, the aggregate price of a home in the region rose 6.0 per cent year-over-year to $508,391. When broken out by housing type, the median price of a standard two-storey home increased 6.5 per cent year-over-year to $541,134, and the median price of a bungalow rose 3.5 per cent year-over-year to $458,370. During the same period, the median price of a condominium rose 7.8 per cent year-over-year to $302,184.

Slower Toronto, Vancouver pull down national activity – CREA

For the first time in nearly half a year, home sales activity across Canada declined, in large part due to the weaker performances of the Toronto and Vancouver markets. In its latest data release, the Canadian Real Estate Association reported a 0.4% month-over-month sales shrinkage in September, the first such decline since April this year.

Winter selling to stay ahead of the competition

Although most homes sell in the warmer months, lots of homeowners do decide for different reasons to market their homes in the winter. There are many advantages. If you are going to sell this winter, I have some tips for you that will help your home show well and grab the attention of possible purchasers. Here’s how to prepare for selling your home in the winter

Export Development Canada (EDC) announces opening of Export Growth Hub within Catalyst 137

The goal is to give Ontario companies a space to learn, network, and collaborate on international trade opportunities with exporters and business partners in Southwestern Ontario.

University Rankings 2019

It’s always a good idea to buy a house in a university town. We’re double lucky. We have two! Here are Maclean’s university rankings for 2019

The Concrete of Hong Kong

Swiss photographer Pascal Greco was enthralled when he first arrived in Hong Kong around 2010, and determined to capture the city in all its brilliance. The more time he spent there, the more he learned about the worlds that lived behind the tall colourful buildings and piercing neon lights.

How’s the market?

I think sometimes I give the impression that the local real estate market isn’t that hot. It’s not hot compared to our previous two years but it certainly is bumping along nicely. Last week two of my listings sold, yeah! And when I check in with the ‘market watch feature’ on the matrix, new sales are for the most part replacing new listings and the number of homes on the market now is pretty much where it was at the end of spring. I don’t expect prices to fall (they never do for long) and I don’t expect the number of new listings to suddenly start to climb. We are in a seller’s market that I think is slowly moving towards equilibrium. 

What’s up, Butternut?

Check out my new listing at 854A Butternut. Come and meet me at the open house this Sunday!

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Last Week in Kitchener Waterloo

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