Brisk Month for Sales of Kitchener Condos There were 65 condos sold in Kitchener in April 2010 Of interest to real estate investors, there were 3 sales at the Kaufman Lofts, a complex where several of our clients own rental units. A one bedroom sold for $200,000; another 1bed went for $212,000; and a two bedroom went for [...]
Real Estate Market Update in Canada and Kitchener Waterloo
What’s going on with Real Estate in Canada? Real Estate Market Statistics for Canada and Kitchener Waterloo (Ben’s Kitchener Waterloo real estate market update is at the bottom of this article) Keller Williams Realty’s Real Estate Market Update for Canada This Month in Real Estate Video Report for Canada Market – April 2010 Commentary: Research [...]
New Video: Kitchener Waterloo Real Estate Market Update, March 2010
Following up on our look at the recent stats for the Kitchener Waterloo residential real estate market, here is a quick video:
Kitchener Waterloo Real Estate Market Update
Monthly/Yearly Kitchener-Waterloo MLS Real Estate Stats for March 2010 Best March EVER with 731 homes sold in Kitchener Waterloo Residential KW real estate sales UP 47.1% and 52.3% for the year. Days on market is down from 55 to 43 for the year. Sales to active ratio 25.8% was 16.2% in 2009, meaning 1 in 4 listed [...]
Kaufman Lofts as Investment Condos: Looking at the numbers
We just published a new video about the Kaufman Lofts, but if you didn’t see that lets take a look at the cash flow from an investment in these Kitchener Condos. Let’s assume a real estate investor is looking at a 1 bedroom condo here. There are units available around $180,000 – a unit at [...]
Why do Real Estate Investors like buying condos at Kitchener’s Kaufman Lofts?
A real estate investor recently asked me why people like buying condos at the Kaufman Lofts in Kitchener, Ontario Between the terrific location (across from the new Health Sciences campus at the corner of King and Victoria St in downtown Kitchener), the iconic nature of the property – Kaufman Footwear has been there since the [...]
Another condo for sale at 565 Greenfield in Kitchener sells fast
Well, this is deja vu! Last week at the Kitchener Waterloo Real Estate Investment blog we spoke about how properties in KW were selling very quickly: Homes and condo’s are moving very quickly in Kitchener Waterloo these days – our clients are involved in a multiple offer situations fairly regularly on smaller properties (condos, 5 bedroom student [...]
3 Things You Should Know Before Buying a Condo in Kitchener
The best type of buyer is an educated buyer – knowing what to ask can save you lots of time, money and headaches, especially why buying real estate. Today, let’s look at 3 things you should know before buying or investing in a Kitchener Condo 1) Location The one thing you can’t upgrade about a [...]
Condo Towers coming to Kitchener’s Centre Block
There is a new Condo Development coming to downtown Kitchener, Ontario: The Centre Block, which will be developed by the same developer that built that Kaufman Lofts in Kitchener. City gives nod to developer for Centre Block KITCHENER — City councillors reached an important milestone Monday in their decade-long effort to redevelop a strategic [...]
What is a condo at Kaufman Lofts in Kitchener Worth?
One of the most popular condo buildings in Kitchener, Ontario is the Kaufman Lofts. A historic building in Kitchener’s downtown, it was originally built by A.R. Kaufman between 1908 and 1925, and used to produce footwear for industrial workers. Are you interested in what a condo at the Kaufman Lofts sells for? Below is a [...]
The Kitchener Waterloo Real Estate Investments Blog
- A Mortgage Broker’s thoughts on the Bank of Canada’s interest rate hikeI was speaking with my friend Jeff Reitzel, who is also my mortgage broker and a real estate investor. Jeff is one of the top mortgage brokers (with Mortgage Alliance Canada’s Mortgage Choice in Kitchener) in the country, and helps a lot of investors finance property. I asked Jeff what he thought of the Bank [...]A Mortgage Broker’s thoughts on the Bank of […]
- Large Redevelopment Coming to Breithaupt & King in KitchenerThe Record has exciting news about a major commercial real estate project in Kitchener. Perimeter Development Corp. is redeveloping the old (some parts date to 1903) complex on the corner of Breithaupt and King, bringing cool space to the north end of downtown Kitchener. Developer turning old boot factory into trendy commercial space When its [...]Large Rede […]
- Terrific news for Real Estate Investors in WaterlooUniversity of Waterloo to Double Size of Campus Owners of Student Housing Rejoice Back in April you read about the University of Waterloo proposed plans to double the size of campus (Is Waterloo’s Student Housing Market Being Over Built?), and today the news is announced that the plans are moving forward. This is great news [...]Terrific news for Real Estate […]
- More analysis on the Bank of Canada interest rate hikeI just read some very cogent insights into the Bank of Canada’s rate hike this morning, via the Financial Post (found via their twitter feed, where I get most of my news these days [twitter, not FP specifically on twitter]): The following analysis is from Avery Shenfeld, chief economist CIBC World Markets. The Bank of [...]More analysis on the Bank of Canad […]
- Bank of Canada raises interest rate 0.25%Quick morning update. Mortgage interest rates area heading up! This morning, the Bank of Canada announced what many of us were expecting; they have raised the prime interest rate by a quarter percent, to 0.75%. This will likely put pressure on variable rate mortgages. Mortgage ares are still very affordable. We have real estate investors [...]Bank of Canada […]
