Market Overview In May 2024, the Waterloo Region real estate market experienced a decline in home sales, with a total of 742 homes sold, marking an 8.1% decrease compared to May 2023. This drop is part of a broader trend, with sales down 20% compared to the ten-year average for May. The condo market saw the most significant decline, particularly for units with one or fewer bedrooms, due to a higher...
Buying a home is one of the most significant investments individuals make in their lifetime, and ensuring its structural integrity and safety is paramount. Home inspections play a crucial role in this process, providing buyers with valuable insights into the condition of the property. However, it's essential to understand the legal framework surrounding home inspections, including the liability of home...
Selling a house can be a significant financial transaction. It's natural for sellers to wonder how much they'll ultimately pocket from the sale. In Ontario, Canada, where real estate markets can be dynamic and diverse. Understanding the factors that influence sellers' proceeds is essential. So, let's delve into the details and explore how much house sellers can expect to make in Ontario. 1. Sale Price...
Selling your home in Ontario, Canada, marks the beginning of an exciting new chapter, but it's essential to have a clear understanding of the financial obligations involved, including closing costs. These costs can vary depending on various factors. Let's explore what home sellers can expect when it comes to closing costs in Ontario. 1. Real Estate Commission: One of the most significant closing...
Are you planning to sell your home in Ontario and wondering about the tax implications? It's a common concern among homeowners, but understanding the rules can help you navigate the process confidently. Let's delve into the topic of whether home sale proceeds are taxable in Ontario. Capital Gains Tax: In Canada, including Ontario, the primary tax consideration when selling a home is the capital...
In April 2024, the real estate market in Waterloo Region showed signs of stability and opportunity. According to the latest report from the Waterloo Region Association of REALTORS® (WRAR), a total of 692 homes were sold via the Multiple Listing Service® (MLS®) System. This represents a 3.3% increase compared to the same period last year, indicating a modest uptick in activity. The market seemed to...
With 8 years of helping homeowners navigate the real estate market, I've seen a lot! These are the top mistakes I see sellers making. Being Too "Taste Specific" It's natural to want your home to reflect your unique style, but remember, potential buyers have diverse tastes.Avoid being overly specific to your own design preferences when staging your home. Keeping it neutral allows buyers to envision...
WATERLOO REGION, ON (April 4, 2024) — Despite facing some challenges, the real estate market in Waterloo Region remains robust and full of potential. In March, a total of 596 homes found new owners through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR). While this reflects a slight decrease of 3.2% compared to the same period last year and a...
Choosing the perfect place to raise your family is a significant decision, one that involves considering various factors such as safety, education, recreational opportunities, and the overall quality of life. Waterloo, Ontario, is a city that consistently ranks high on the list of desirable places to live in Canada. In this blog post, we'll explore why Waterloo is a fantastic choice for families looking...
I'm excited to explore a question that many young families in Kitchener Waterloo might be pondering: Is it the right time to upsize? In this blog post, we'll delve into the current market conditions, interest rates, and the potential benefits of upsizing for growing families in our vibrant community. Market Conditions in Kitchener Waterloo: Understanding the real estate market is crucial for making...