House prices in Kitchener and Waterloo jumped almost 13 per cent in January due to a buying spree by move-up buyers.
The average sale price hit $315,932 last month, up 12.9 per cent from $279,957 a year earlier. The average price for detached homes increased 14.5 per cent, to $361,470.
The Kitchener-Waterloo Association of Realtors said the increased activity by move-up buyers put upward pressure on the average sale price.
It’s the elephant in the room when agents, landlords and developers talk about the commercial and industrial real estate markets in Waterloo Region.
What’s going to happen with Research In Motion, and what kind of impact will it have on the market?
The potential decline of the mobile communications giant will have an “enormous” impact, but the region’s economy is diverse enough to weather the storm, agents with the commercial real estate firm Colliers International said Wednesday.
In response from the success of 144 Park in UpTown Waterloo, Mady Development Corp. is excited to announce plans for a new condominium residence coming to Caroline Street in Waterloo. To be the first to receive news and updates on this upcoming development click here.
Sage is a lucratice investment in the City of Waterloo. Unlike common student rentals, Sage presents a unique opportunity to invest in and own a residence, offering attractive benefits for the future generations of Waterloo, and earning potential as an investor.
Residents have a new vision for a troubled student neighbourhood. Now they have to figure out how to make it happen by 2029.
The neighbourhood is called Northdale, north of Wilfrid Laurier University. The new vision, drafted by a civic committee and endorsed Monday, calls for more people, more and better buildings and green space.
“Everybody’s really excited about the picture that has been painted,” said Chris Peace, chair of the council-appointed committee that’s leading the neighbourhood review.
The move to intensify land use in existing neighbourhoods in an effort to slow urban sprawl continues to generate strong opposition from homeowners.
The latest flashpoint is 1180 Countrystone Dr. where Willow Homes wants to build 29 townhouses — three standard street-fronting townhouses and stacked townhouses with 26 units. These units will be in three different buildings.
Paul Ellingham calls it “a once-in-a-lifetime opportunity.”
Two full city blocks in the heart of the university district, up for grabs to the highest bidder.
Now, the landlord heading up the drive to sell the properties as a package deal at auction says the city can play a key role in helping to shape the site’s future.
Housing sales in Waterloo Region were down just over five per cent in the first half of 2011, compared to the same period last year.
Over 3400 properties sold in the first six months.
The Kitchener-Waterloo Association of Realtors says a delayed spring market is now shifting into full gear.
The only property type to experience an increase in the number of units sold on a year-to-date basis, were condominiums, up 4.5 per cent to 653 units.
Calling it the type of development the city needs as it looks to its future, Waterloo councillors unanimously approved plans for a 55-unit townhouse complex in the Beechwood area on Monday night.
The approval came despite the objections of more than 15 area residents, whose concerns ranged from increased traffic and density in the established single-family home neighbourhood to fears the newcomers would want to use their private condo association pool and tennis courts.
The first time there was talk about a new Highway 7 between Kitchener and Guelph, the Toronto Maple Leafs hockey team won the Stanley Cup.
That was 1967.