September 27 2017 Kitchener Waterloo Real Estate News Update

September 27

September 27 2017

Kitchener Waterloo Real Estate News Update

 

September 27 2017. In today’s news: Virtual Reality in real estate, truth, lies and statistics, housing affordability, mortgage affordability, Edmonton’s LRT

5 Ways VR is making the real estate business better for everyone

VR is a newcomer to a real estate industry heavily focused on customer experience and ease of access. There exist many pain points in real estate that VR solves for renters and investors. These include buying or renting a property sight unseen, touring homes with potential renters, envisioning fix and flips, and so much more

17 biggest lies your real estate agent might tell you

When Buying a HomeSure, most people are happy with their real estate agents and they do often provided a needed service to people, but to safeguard against detrimental mistakes, we’ve gathered some examples of how a real estate agent might lie to you during the house hunt. For instance, some might tell you it’s best to buy a home in the summer. (That’s simply not true, but more on that later.) Here are 17 lies your real estate agent might tell you.

Housing affordability across Canada

According to the Canada Mortgage and Housing Corporation’s benchmark, housing is considered “affordable” when no more than 30% of pre-tax income is spent on homeownership expenses. In Canada, the national average is 45.9%. This means many Canadians will spend almost half of what they earn paying off their mortgage and other property-associated expenses.

Mortgage affordability

In its new study, Interest Rates and Mortgage Borrowing Power in Canada, the Fraser Institute found mortgage interest rates fell from 7% to 2.7% between 2000 and 2016 and increased the maximum mortgage for Canadians by 53%.

Edmonton city data projects Valley Line LRT traffic impacts

The City has released 90 traffic data tables that present a picture of intersections along the Valley Line LRT after the 13-kilometre southeast corridor of the under-construction project is completed. The detailed predictions show current and projected traffic volumes, wait times and queue lengths at 45 such intersections Does the Region of Waterloo have such a study?

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How Canada could win the Amazon sweepstakes

Trump has scared the bejesus out of everyone. For technology companies preoccupied with luring the best and brightest from around the world, the Trump administration’s America First economic strategy is more than a little troubling

Oktoberfest isn’t really a thing

This article gives us the history of Oktoberfest. It is rando and wackadoodle but I still like it. Prost!

What I am thinking about

I watched The Deer Hunter on Netflix last night. Along with Apocalypse Now and Full Metal Jacket, it is a must see epic Vietnam movie, a moment in time and place – captured. Some scenes will stay with me forever: Floating downstream on an old dead tree. Russian Roulette.

I’ve been backpacking around Asia over the last two winters. I have a ticket booked for November 20 this year. It is a perk of being a realtor – the ability to take off for several weeks over the winter.

When there, I get a certain disconnect between the Vietnam and Cambodia of today and memories of movies from the 1980s.

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