September 20 2017

Kitchener Waterloo Real Estate News Update

September 20 2017. In today’s news: foreign buyers tax, digitally active homebuyers, bigger house, bigger yard, energy use labels, storage space, soccer or football

Why the foreign buyers tax isn’t making Vancouver more affordable

Vancouver is one of Canada’s most attractive cities, but it also boasts one of the country’s strongest local economies. The lesson, one year into Vancouver’s foreign buyers tax, is that real-estate supply may actually be the city’s biggest problem

Canada’s homebuyers among most digitally active

A survey of more than 9,000 people in nine countries says that Canadians are among the most “digitally active” homebuyers in the world, which has “significant implications for consumers and the property industry”. I know my clients are digitally active, sometimes too active haha.

What do home buyers want — a bigger house or a bigger yard?

Smaller homes with more outdoor space seem to be all the rage lately as homebuyers are abandoning the motto “bigger is better” when it comes to square footage. Home owners also are tending to want to live closer to the city centre and that dovetails nicely.

Resale homes should carry energy use label by 2019, environmental groups say

Listing your home for sale in Canada could soon mean you not only have to tell people how much it costs to buy it, but also how much it costs to run it.

Squeeze every last bit of storage space out of your dwelling, no matter its size with these tips

It’s hard enough finding a home for your everyday must-haves, let alone bulky, infrequently used, or offseason items like snowshoes, pool toys, and holiday decorations. And what about bikes, all your shoes and extra linens?

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Soccer or football?

It’s a beautiful game and we aren’t the only ones who call it Soccer. This map shows quite a few other countries do too.