October 27 2017
Kitchener Waterloo Real Estate News Update
October 27 2017. In today’s news: no war on homebuyers, Silicon Valley’s housing situation, top 10 most livable cities, buying a stigmatized house, buying and selling in the fall
The ballyhooed ‘war on homebuyers’ isn’t real
Canada’s real estate market has seen a lot of changes over the past year or so. Interest rates have gone up twice. Governments in B.C. and Ontario implemented foreign buyer taxes and other measures to cool housing markets and more stringent mortgage stress-tests were introduced for borrowers.
About Silicon Valley’s crazy housing situation
How do buyers manage to keep outbidding one another in a county where the median price of a single-family home is $1.1 million — and where, as a consequence, the middle class is being pushed out?
Sweden’s recycling is so revolutionary, the country has run out of rubbish
Sweden’s recycling is so revolutionary, the country has to import rubbish from other countries to keep its recycling plants going.
The world’s top 10 most livable cities — and how much it costs to live there
To determine the rankings, the EIU evaluated 140 cities based on 30 factors across five categories: stability, healthcare, culture and environment, education, and infrastructure. Topics ranging from humidity to water quality to violent crime were taken into account when compiling the data.
A $200,000 house for $150,000?
What’s more important to know when shopping for a new house — that the basement leaks or that two people were stabbed to death in a back bedroom? For most buyers, both.
6 surprising benefits of buying or selling your home in the fall
Yes, there may be fewer homes on the market, but there are also fewer buyers out there competing for the same home you want. That gives buyers an important edge. Families on a mission to move into a new home before school starts are out of the picture.