To enhance your buying and selling experience, it’s our job as real estate professionals to provide you with as much valuable information as possible. It is essential that the buyer or seller be aware of all aspects of the real estate market before making a major decision.
New October 12th 2015 Article: 15 Ways to 'Give Thanks' for your Tenants
Check out this article from Canadian Real Estate Wealth:
15 ways to ‘give thanks’ for your tenants
Waterloo Residential Rental Bylaw began April 1, 2012
The City of Waterloo's Residential Rental Housing Licensing By-law (no. 2011-047) give the City the ability to manage low-rise residential rental housing in the Waterloo.
It balances the needs of property owners with those of residents looking for safe, adequate and properly maintained rental accommodation as well as limiting the impact of large rental housing units on residential neighbourhoods.
Under this program, landlords must apply for a licence and renew it annually by April 1. If a rental property sells, the new owner must apply for a new licence, which includes getting all the necessary documentation and inspections.
Details can be seen on their website:
KITCHENER-WATERLOO: SAFE AND SOLID INVESTMENT
From Canadian Real Estate Magazine, March 2011 Issue
With a diversified economy, a growing population, superior post-secondary institutions and low vacancy rates, Kitchener-Waterloo offers quality investment opportunities for investors at all levels.
This 10 page article discusses important factors such as:
- Kitchener's economic makeover: protected by diversifiying its economy
- Learning Waterloo: characterized as a safe haven for real estate investors because of the consistent demand in its rental market
- Waterloo's economy: many local high-tech companies recruit it's graduates
- Following young trends: young people comprise a large portion of rental demand with roughly 70% of 1st time homebuyers living in rental units before they buy a home
- Changing regulations with Waterloo's rental-licensing landscape: city-wide proposed rental licensing program currently being drafted
- Waterloo Light Rail Transit (LRT): a new project set to start in 2012 which should boost property values close to train stations and improve commuting options for all residents
"This is a fantastic market in mind for a long-term investor. We have basically seen a 6%-a-year increase in values over the last 10 years."George Patton, president of the KW Real Estate Board says. "From an investor standpoint you're almost guaranteed to be in a community where your values are going to hold as long as you take care of the property."
TOP 5 SAFE HAVENS...
From Canadian Real Estate Magazine, December 2008 Issue
A recent issue of Canadian Real Estate Magazine names Winnipeg, Kitchener-Waterloo, Barrie, Victoria and Moncton as the top five Canadian havens for real estate investors. The magazine article quoted experts as saying the top five factors needed to establish a "safe haven" were a diversified economy, increasing home prices, population growth, demand for rental properties and demographics that promote economic stability. It further quoted figures from the Canadian Real Estate Association showing these five locations have shown steady appreciation in home values with low volatility. In short, says one related article, people who buy homes or income properties in "safe havens" are pretty much guaranteed to make money.
If you’d like to know more about buying a secondary property for investment purposes or selling your existing investment property, then just give me a call. You’ll be glad you did!