selling houses in Kitchener-Waterloo and Cambridge
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 »
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 »
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 »
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 »
Canada Mortgage and Housing Corporation (CMHC) just released Market Outlook 2020 for major Canadian cities. Let’s have a look at our area Kitchener-Cambridge-Waterloo (KCW). Here are the highlights: Seasonally adjusted average prices in Kitchener-Cambridge-Waterloo (KCW) have been climbing since the fourth quarter of 2018; For the next two years (2020-2021) the resale market in KCW
Housing Market Outlook 2020 Read More »
KWAR (Kitchener-Waterloo Association of REALTORS®) published home sales stats of July 2019. Here are numbers: 586 residential properties sold in July, representing an increase of 15.1 per cent compared to the same month last year; The average sale price of all residential properties sold in July increased by 9.3 per cent to $521,101 compared to
Strong K-W Home Sales July 2019 Read More »
Usually, when people ask this question they are thinking about what will devalue their property. There are several aspects that can reduce home sale price. One of the most important is location. If you live close to the airport or your home backs on highway or train tracks, it will affect your home value negatively.
What affects the value of your home? Read More »
Any home sale requires a lot of cleaning. This kind of work will double if you have pets in the house. Pets affect home sales in different ways. Usually negative ways. First, it’s the cleanliness and ordor. Animal hair everywhere and strong pet ordor will undoubtedly reduce the home value. Also, it can be a
selling a house with pets Read More »
Home sales slowed in December while home prices increased Here are major points of 2018 statistics: The number of homes sold and purchased in 2018 went down 11.1% if to compare with 2017 Average sale price of all residential properties sold in 2018 increased 3.4% Demand was continuing to outpace supply Average days to sell in 2018 was 24 days, compared
KITCHENER-WATERLOO HOME SALES in 2018 Read More »
Real estate prices in Canada increased in average 44% since 2014. It was a wild run over the past few years. Though Canadian Real Estate Association numbers showed that price increase slowed down October and November 2018. Price growth is now close to target inflation, but over the past 5 years they’ve increased by over 44%. This
Home Prices Are Up Over 44% Read More »