| Recent Blog Posts by Marcus Kallweit | ||
Real Estate TrendsEvery year, the Canadian Housing and Mortgage Corporation publishes very valuable information on the Canadian Real Estate Market and Housing trends. Find all the details at www.chmc.ca/observer for this years update.
Posted by Marcus Kallweit
on January 10, 2012
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Housing MarketMedia publishes forcasts that Canadian property prices will fall or flatten over the next years. Well, nobody knows the future. Generally speaking: everything which goes up must come down. Property prices you read speak of ENTIRE Canada. There are areas where property prices did go down in the last years, mainly in areas which were 'hit' by the recession more then others. Chances are that ...
Posted by Marcus Kallweit
on July 22, 2011
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Kitchener Waterloo Real EstateNational average home prices have increased by about 8% over year in the last 3 month despite a little slowdown in house sales. Owning a home still remains quite affordable. The expectations for Kitchener Waterloo area is to grow to around a population of 700,000 in the next 15 years. With more people coming to our fine area and less land to build on, real estate could be a pretty good investment.
Posted by Marcus Kallweit
on May 24, 2011
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Home EvaluationsHome Evaluations are of course very important, if Selling your home, to see what the fair market value is. BUT it is also very important to have a Market evaluation done on the property you are about to buy. Buying a home is one of the largest investments you do in your life, you do not want to pay to much.
Posted by Marcus Kallweit
on April 19, 2011
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Pipes may need replacementIf you have black pipes, known as ABS pipes, venting your natural gas Water Heater or Furnace, the might need to be replaced with with plastic pipes commonly known as system 636. This new regulation came in effect in 2007. Replace those pipes immediately if the are cracked. Have the tested. Your families health should be worth the expense.Those cracked pipes can release carbon monoxide.
Posted by Marcus Kallweit
on March 12, 2011
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Mortgage RulesStarting March 18/2011 there will be some changes, again, to the mortgage industry:
1- Maximum amortization time will be reduced from 35 years to 30 years which can make a difference of around $ 100 in payments on a $ 300,000 Mortgage
2- The maximum Canadians can borrow to refinance their mortgage will be lowered from 90% to 85%
Posted by Marcus Kallweit
on January 18, 2011
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Buying a homeReal Estate is said to be very busy in the first half in 2010.
Reasons are that the interest rates most likely will go up, they most likely will not continue to be at this record low.
Second reason is the implementation of the HST starting July 2010
For the average Ontario home priced at around $ 300,000.00 the HST will add around $ 1500.00 to closing costs.
If you think you should wait a little ...
Posted by Marcus Kallweit
on February 5, 2010
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Why wait till spring?Historically, the real estate market will slow down over the winter season. Most people want to wait till spring to look and purchase their new home. Why Wait? If there are less buyers on the market, you might get a better deal! Everybody talks about interest rates will go up. If you wait till spring, you might pay more for a property because of more buying competition, and you might have to pay higher ...
Posted by Marcus Kallweit
on December 3, 2009
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Value of Real Estate in Kitchener WaterlooThe Kitchener/Waterloo Real Estate Board announced today that the average sale price in October was $ 255,190.00. Ten years ago it was $ $ 149,486.00. Real Estate seems to be still a good investment in the area. Buying a home might be a great step ahead into someones future, renting might not be as profitable
Posted by Marcus Kallweit
on November 5, 2009
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Resale ValueFalling in Love with a property might make you to overpay for a home. Stay objective. Consider resale value. Chances are your next home won't be your last home. Do not buy a property which will not resell; consider it's resale potential before you buy. A good real estate representative can help you assess the resell potential of any property you are considering
Posted by Marcus Kallweit
on June 1, 2009
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Renovations Tax CreditLooking at homes and think: What have they done (or why did they not...) with the Patio/Deck:
Consider this: If the patio/deck is low enough in relation to any doors so that adding a layer on top is won't cause any height issues, consider adding another layer of masonry/wood on top. This will add resale value if you are thinking of selling or/and also be easy to maintain. It is safer for kids ...
Posted by Marcus Kallweit
on April 28, 2009
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Guaranteed Sale ProgramEver wondered why houses are on the market for 50, 80, 100 days or longer?
Simple answer:
Most likely they are over priced.
Nearly every Home Buyer is working with a Realtor and after seeing a home, they ask their Realtor what the home is worth. The realtor will then give their best and honest opinion on Market Value. If he determines a lower price, the buyer most likely will walk away. ...
Posted by Marcus Kallweit
on February 26, 2009
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