Yesterday I received this note in my mailbox: Dear Resident of UpTown West Neighbourhood, We are a young couple seeking to start a family and buy a home in the UpTown West neighbourhood. We’ve rented in the neighbourhood (Menno and Dawson St.) for the last few years and cherish its architecture, old growth trees, […]
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Real estate questions: How long does it take to sell a house? How hard do realtors work as their listing gets older?
I get lots of real estate questions by email, sometimes through my blog, but usually “straight out of the blue” email. I encourage real estate questions. I always answer. I love to blog and I’m always thinking about real estate issues to blog about. Here’s a recent real estate question: Q: Does the amount of […]
How many homes does the average homebuyer have to see? How long does it take to find a home? Some statistics.
What kind of homes do first-time homebuyers tend to buy? The Canadian Mortgage and Housing corporation article “Eye-opening numbers from CMHC’s survey of Canadian first-time home buyers”, had some interesting Canadian statistics about first time home buyers. Their study found: 66% of first-time homebuyers have household incomes of $90,000 or less and 20% have incomes […]
Q: Are we in a real estate bubble? A: No. But we might be in a tech bubble and that wouldn’t be good. Q: Are home prices in Kitchener Waterloo going to up or down? A: Home prices are going to continue to go up. I was on Vancouver Island for a week […]
How will the LRT construction affect your commute time? What development is happening along the route?
This week’s weekend update looks at the LRT and commute times, and three locations in downtown Kitchener. Commute times to get longer as LRT affects central roadways The average commute time has gone up by about half in the past decade. In Waterloo Region, that means what would have taken 20 minutes in 2003, […]