The local real estate market has remained extremely strong through the month of April, but has shown some signs of levelling off. While the stats still show a huge increase year over year, the numbers are fairly stable when viewed month to month. For example, the average residential home sold ... Continue Reading
When buyers view your home, they ask themselves whether they like it. Assuming that the answer is “yes”, they try to determine how much work would be required before they could move in.
It’s not uncommon for a buyer to be interested in a property but be turned off by the ... Continue Reading
If you are thinking of selling your home, either imminently or a ways down the road, what are some of the things you can do to prepare? While we are currently in a seller’s market, you still need to make sure you position your home to reach its market potential, ... Continue Reading
Why is it so important to know how much you can afford to spend on a home?
First, you don’t want to buy a property and then find out, after you’ve moved in, that you can’t financially maintain it. That would mean having to resell it under stressful conditions.
Second, you ... Continue Reading
With soaring house prices, the record low interest rates have made it possible for home buyers to attain big mortgages in recent years. Borrowing money is cheap right now, which can entice buyers to potentially bite off more than they can chew from an affordability standpoint. Obviously, it’s not just ... Continue Reading
More records were smashed in the local real estate market in March! There were 993 residential homes sold, which is the highest number of monthly sales in history. To put that number in perspective, the previous 10-year average for March is 552 homes sold. And, the previous record for monthly ... Continue Reading
You’re shopping for a new home. You visit a property that looks great from the outside, but when you go inside to explore the rooms, you’re disappointed. The kitchen is cluttered and “feels” small. The living room seems too wide. The master bedroom doesn’t look comfortable at all.
Should you strike ... Continue Reading
If you are like most homeowners, you have probably often wondered what your home is currently worth.
You may want to know the value of your home just because you’re curious, or because you need to know the financial value of this important investment, or even because you’re thinking of making ... Continue Reading
The prices for detached homes in Waterloo Region have been escalating at an unprecedented pace. With the extension of low interest rates and pandemic-induced lifestyle shifts, the demand is unlikely to cool off anytime soon. While this has certainly been the cause for some discouragement among buyers looking to enter ... Continue Reading
Kitchener-Waterloo's hot real estate market has continued its record-breaking run, bringing in some wild stats for the month of February. With demand remaining high amidst low supply, competition has driven prices to levels we have never before seen in our region.
Case in point, February ended with just 295 homes available ... Continue Reading