| Recent Blog Posts by Jeff Gingerich | ||
Kitchener Waterloo Power of Sale Report March 2011
There were no bargains to be had in March as brisk Kitchener Waterloo residential MLS sales carried over to power of sale activity. There were 10 properties sold under power of sale in March. The average list price to sale price ratio was 99% and the average days on the market for these sales was just 27. The Royal Bank, Bank of Montreal and Firstline/CIBC ...
Posted by Jeff Gingerich
on April 16, 2011
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How do CMHC changes affect Kitchener Waterloo First Time Buyers?
Buying your first home in Kitchener Waterloo can be confusing enough. Recently, the federal government made 3 changes to mortgage policy through the Canada Mortgage and Housing Corporation(CMHC) that created further confusion. While I read a great deal about the changes, the analysis of the impact of the changes was sorely lacking. So if I'm a first time buyer in ...
Posted by Jeff Gingerich
on January 22, 2011
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Kitchener Waterloo Power of Sale Report September 2010
September saw improved residential sales results in Kitchener Waterloo and this was reflected in the MLS power of sale activity. There were 11 residential sales under power of sale on the K-W MLS versus 8 in August. Of note, 3 were in Waterloo and 8 in Kitchener. The property shown above attracted multiple offers and sold under power of sale at a signifiicant premium to the ...
Posted by Jeff Gingerich
on October 23, 2010
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Kitchener Waterloo Real Estate Alive and Well
There are days in real estate and in life where you come across things that just don't sit well. I usually try and think things through but sometimes I still end up like the photo above...puzzled. I found this gem while searching MLS for suitable properties for a buyer client.
I was equally puzzled by an article in today's National Post entitled "Variable ...
Posted by Jeff Gingerich
on July 28, 2010
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Kitchener-Waterloo Power of Sale Report June 2010
Power of sale activity on the Kitchener-Waterloo Real Estate Board rocketed higher in June 2010. Active MLS residential listings in mid-July totalled 18. This represents a sharp increase over the 13 and 10 active listings in mid-June and May respectively. Of note, 17 are located in Kitchener and 1 in Waterloo and the great majority of listings are concentrated under ...
Posted by Jeff Gingerich
on July 16, 2010
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Kitchener-Waterloo Power of Sale Report May 2010
Bargain hunters continue to be denied and bankers delighted as May residential sales of Power of Sale properties continued to show strong results. There were 8 MLS sales under power of sale in K-W in May with 1 in Waterloo and 7 in Kitchener. The average days on the market for these homes was only 32 days and the list-to-sale price ratio was a ...
Posted by Jeff Gingerich
on June 25, 2010
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March Madness
To me, urgency is part of the the appeal of the NCAA basketball tournament known as March Madness. It's win or go home. It appears buyers adopted this attitude in March as MLS sales activity in Kitchener-Waterloo saw year-over-year increases of 9% in average price and 38% in unit sales. March unit sales in K-W totalled 546 besting the 507 sales in March ...
Posted by Jeff Gingerich
on April 6, 2010
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Death of the Pre-approval?
Many lenders have cancelled their pre-approval program. Others are charging a rate premium. Why? It's estimated that less than 1/3 of pre-approvals are funded. Those that aren't cost millions of dollars in wasted time and effort. So what to do? At Centum Discount Mortgage Canada, we can pre-qualify you and do a credit check. You'll know what you ...
Posted by Jeff Gingerich
on July 4, 2009
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Recession Proof Your HousingIn my last post, we looked at the consequences of higher interest rates upon the renewal of your mortgage. Here are 10 tips designed to protect you from becoming overextended financially in this event.
1. Don't buy too much home. Avoid the temptation to overspend based on what you qualify for. Downsize your expectations and upgrade when you have more equity. Remember ...
Posted by Jeff Gingerich
on July 3, 2009
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I'm Just Saying...As Realtors, we are certainly thankful for the resurgent real estate market Canada-wide. Low interest rates have been instrumental in increasing affordability to entice first-time buyers into the market. Real estate is local so let's look at a typical scenario in Kitchener-Waterloo. A couple buy a detached home for $250 000 with 5% down and get a 4% mortgage with a 5 year ...
Posted by Jeff Gingerich
on June 25, 2009
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Good News on the Mortgage FrontThe Canadian Association of Accredited Mortgage Professionals(CAAMP) has released the results of a spring survey titled The Canadian Residential Mortgage Market During Challenging Times. Their findings may surprise based on the prevailing doom and gloom within the media. For those that have a mortgage, 40% have at least 50% in home equity. If we include those ...
Posted by Jeff Gingerich
on April 25, 2009
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