Kitchener Waterloo real estate market this week: Go Trains, network groups and mortgage rules

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The Kitchener Waterloo real estate market is humming along nicely, so it was a busy week around the offices of KWhomesandhouses.com. We’re thinking because we really didn’t have winter, our Open House attendance has been way up so far this year as has our general sales activity – request to show, telephone inquiries…

 

GO Train

Cambridge is still a little miffed that Kitchener got the Go Train and Cambridge will have to wait another 15 to 25 years before they link up too. It’s been 40 years since a passenger train left the Malcolm Street station.

Breslau’s Hopewell Heights will almost certainly get a GO Train station before Cambridge. There are two major housing developments planned for area’s north and south of old Breslau.

 

The housing market won’t crash

According to a Reuters’ poll, the government of Canada is doing everything but raising the interest rates to ensure Canada’s housing market will not crash. If you’re thinking of buying a house you might want to get your butt in gear though because our Finance Minister Jim Flaherty will likely be making it more difficult to get a mortgage this year. The budget, which is expected in late March is expected to tighten the requirements for government backed insured mortgages.

Flaherty could also raise the minimum down payment to buy a home from the current 5% or reduce the maximum amortization period from 30 years.

 

365 Business Network

The Agents of Change with our partners have started a unique and popular network group 365 Business Network. Meeting once monthly, the 365 Business Network is an extension of our community site 365 things to do in Kitchener Waterloo. One of the things that makes living in Waterloo Region great are the wonderful businesses that are here. 365 Business Network aims to be the place where we can get to know each other better and promote our businesses through building strong connections. If you do business in Kitchener Waterloo, you should check it out.

In related news 365 things to do had a surge of visitors last month and recently went over 1000 facebook likes.

 

Two condos, two agents, one Sunday

122 Mansion Street, Kitchener is an executive town home located in the heart of Kitchener’s East Ward. This beautiful and spacious condo townhouse will be open to the public for viewing this Sunday 2:00-4:00pm. The Kitchener Waterloo real estate market has some great condos and this is one of them!

 

29-49 Cedarwoods is a well located and desirable condo close to Fairview Park Mall. It’s freshly painted and has a shiny and new engineered hardwood floor. This beautiful and spacious condo townhouse will also be open to the public for viewing this Sunday 2:00-4:00pm.

 

Links I like

I read a lot of news every week about Kitchener Waterloo real estate, real estate trends, mortgage interest rates, home design, cities, transportation social economic trends… so I’m adding links I like to my weekly updates.

Waterloo’s rusty bell

Car free Sundays 

Giving up on Baltimore’s neighbourhoods 

Living with mom and dad

No school time change 

The psychology of home

 

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This week in KW real estate:

February 25

February 18 

February 11

February 4

 

 

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