real estate

News, Real Estate

Canada’s Drop In GDP Made The Economy Even More Dependent On Real Estate

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Canada’s real estate industry has seen a smaller impact than the general economy during the pandemic.

Residential investment is residential real estate’s direct contribution to the economy.

It includes the construction of new houses, major renovation, and ownership transfers.

Drops in residential investment are considered red flags for the economy.

Residential investment as a percent of GDP in Q2 increased to 7.48% This is up from 7.25% last year.

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News, Real Estate

How’s the Kitchener-Waterloo real estate market? The impact of Covid-19 reveals contrasting activity with Bully Offer and Conditional Sales.

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How’s the Kitchener-Waterloo real estate market? The impact of Covid-19 reveals contrasting activity with Bully Offer and Conditional Sales.

In this episode of “How’s the Kitchener-Waterloo real estate market we explore a lot of hyper-activity.
We look at:
The LP/SP ratios for Bully Offers vs. LP/SP for Conditional Offers in March.
Price movements
Suspensions, cancellations, re-listing and price adjustments.
Before March 15 vs. After March 15
Two client case studies

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News, Real Estate

How’s the Market? From FOMO to FONFAH. Kitchener-Waterloo home sellers are waiting for spring to list.

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In this edition of “how’s the market” we visit the updated spreadsheet showing what’s been listed and sold for clients so far in 2020. Now that we are at the end of February, the data shows that list price to sale price ratio is edging up a little.
We start off with some acronyms:
DOM
LP/SP
LOL
FOMO
FOSC
FONFAH — that’s what is my clients are feeling!!

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