real estate market Kitchener-Waterloo
First-Time Home Buyers’ Tax Credit (HBTC)Coming into force: 2022 and subsequent taxation years. Budget 2022 proposes to increase the amount used to calculate the First-Time Home Buyers’ Tax Credit to $10,000 (from $5,000), which would provide a tax credit of up to $1,500 to eligible home buyers. This amendment applies to the 2022 and subsequent taxation […]
New Federal Housing Initiatives in 2023 Read More »
518 homes were sold September 2022 through MLS® System of the Waterloo Region Association of REALTORS®, a decrease of 25 per cent compared to September 2021 and 31 per cent below the previous 5-year average for the month. The number of months of inventory is up 180 per cent compared to September of last year,
Home Sales – September 2022 Stats Read More »
Trends of the April 2022 housing market shows that Bank of Canada effectively fights high inflation. Mortgage rates rose sharply over the past four weeks, prompting home-buyers to delay their purchase. It will be interesting to see the balance the Bank of Canada strikes between combatting inflation versus stunting economic growth and related government revenues as
Home Sales – April 2022 Stats Read More »
611 residential homes sold in July 2021 through the MLS® System of the Kitchener-Waterloo Association of REALTORS® (KWAR). This is a decrease of 17 per cent compared to July 2020. A very low inventory and the buyers’ strong demand makes Waterloo Region one of the most competitive markets in Ontario. Here are highlights of KWAR
Real Estate Waterloo region (mid-summer 2021) Read More »
What to expect on Kitchener-Waterloo-Cambridge housing market in 2021? According to the outlook prepared by Statistics Canada and ReMax Report Survey, K-W and Cambridge are anticipating a home price growth around 7%. Despite the disruption of the virus, the average home price in Waterloo region went up almost 19% in 2020. It shows one of
Kitchener-Waterloo-Cambridge housing market in 2021 Read More »
Before to rent a property that you own, you have to know the basics of the rental legislation in Ontario. It is a Residential Tenancies Act. Don’t even start without reading RTA first. If you are a new landlords, my advise would be to get to know other lagislative acts besides RTA. What are they?
Residential Rents in Ontario Read More »
This is a rhetorical question that I hear every year since I started my real estate career. Soon it will be 13 years. Realtors, along with the public, have access to different sources that can help predict the outcomes of what is going to happen to real estate prices. Since August 2020 I ran across
Will housing prices drop in Ontario? Read More »
When you are a first-time home-buyer, you are facing a tough decision. A tough choice to make. What is better to buy – a house, a townhome, or maybe an apartment in a high-rise condo? Where to buy? In an old established neighbourhood or a new suburb? It is a lifestyle choice, and you need
First-time home buyers Read More »
November 2019 released new changes to real estate agents and brokerages in Ontario. The draft bill to change the Real Estate and Business Brokers Act, 2002 (REEBA 2002) has not yet been approved. The new act will be called the Trust in Real Estate Services Act. The real estate market in Ontario has seen big
New real estate rules in Ontario Read More »
Last month (October 2019) Kitchener-Waterloo Association of Realtors’ release reported that “strong home sales continued in face of low inventory”. Home prices continuing to rise as inventory levels still well below historical averages. This is highly competitive real estate market, and the importance of working with a realtor at a seller’s market is very obvious.
Tips for Home Buyers in a Sellers’ Market Read More »