Kitchener Waterloo Real Estate Investments Blog

A Few Reasons Why People Invest in Real Estate

November 6, 2008 – 12:18 pm

Real Estate is Easy to Understand

- You buy a property, and someone either works in it, or lives in it, and pays you rent. That’s the business model.

Real estate is an Investment you can see & touch

- You can physically inspect the quality of the real estate asset you’re investing in. You can walk the neighbourhood, talk to the neighbours, and see what the ‘facts on the ground’ are before investing.

You can Leverage your Equity when Investing Real Estate

- Most people don’t pay all cash when they buy a house - they have a down payment, and borrow the rest as a mortgage. This means you can leverage your capital and purchase 3-10 times as much value (i.e.If you have $25,000 you can likely purchase a $100,000 property), with the bank or a lender loaning you the rest.

There is a constant demand for real estate

- People need shelter. Real Estate is where you live and work. The chance that people in our Canadian climate will no longer need to live indoors is slim to none. Until then, they need somewhere to rest their head, and it might as well be your condo.

You can improve the value of your investment with sweat equity

- Real Estate offers you the opportunity to physically improve the property, thus increasing the value of the asset. If you take a property that is renting for $1000, and maybe only needs new flooring and a coat of paint to raise the rent to $1200, you have increased the value of the property by tens of thousands of dollars (depending on the income to price ratio in your area)

Try doing that with your Nortel stock.

Your Real Estate Investment can put a roof over your head if needed

- Many people make their first investment in Real Estate as their first home. They’re putting their money into an asset, and they can also enjoy the benefit of living in their own home.

Real Estate has a basic value

- There is only so much land in the world - and with the exception of a few places like Dubai, they aint building any more of it. When you own a property, there is value in the building, and in the land. The building may come and go - eventually needing to be replaced after many decades or even centuries in some cases - but the land will always be in demand.

What are some of the reasons you like to invest in Real Estate ? Leave them in the comments or email them to me!

–

Kitchener Waterloo’s Favourite Real Estate Agent** wants to show you how Real Estate Investing can make you wealthy. Benjamin works with people from all across Ontario and Canada and the world helping them build wealth through smart real estate investments.

Benjamin is a Sales Representative, and runs the Wealth Team at Keller Williams Golden Triangle Realty in Kitchener Waterloo. He’d love to answer any questions about buying, selling and owning a residential, or income & investment property in the greater Waterloo region.

You can reach Benjamin at Benjamin(AT)BenjaminBach.com or call him at 519 570 4447

**Gold Award, Kitchener Waterloo Record Readers Select Awards 2007

Benjamin Bach |

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Great Kitchener Waterloo Real Estate Investment Opportunity

October 29, 2008 – 12:08 pm

Great Investment Opportunity - Legal Licensed Student Lodging House for 5
Moneymaking Student House

When Investing in Real Estate, the sage advice is Location Location Location!
Well, location doesn’t get any better than this for a student rental property.

268 Hemlock is a legal licensed house for 5, so close to WLU you can see it.
Located between Conestoga College’s Waterloo Campus, Wilfrid Laurier Univesity and University of Waterloo, there are over 50,000 students within a short walk of the home.

If you have a child that going to school here now, or may be attending one of these schools in the next 5-10 years, investing in this student home now will allow you to have a great home for them to live in with 4 friends when they go to school, plus you’ll benefit from owning a prime located real estate investment!

Why would you pay for residence, or rent that is paying off another investor’s mortgage, when you could be profiting from being an investor in the great student real estate market in Waterloo ?

The property is currently fully rented until August 2009, and tenants pay all utilities.If you`d like more information on this property, and to schedule a private tour, email or call Benjamin today at Benjamin@BenjaminBach.com or 519 570 4447.

Kitchener Waterloo’s Favourite Real Estate Agent** wants to show you how Real Estate Investing
can make you wealthy. Benjamin works with people from all across
Ontario and Canada and the world helping them build wealth through
smart real estate investments.

Benjamin is a Sales Representative, and runs the Wealth Team at
Keller Williams Golden Triangle Realty in Kitchener Waterloo. He’d love
to answer any questions about buying, selling and owning a rental,
income or investment property.

You can reach Benjamin at Benjamin(AT)BenjaminBach.com or call him at 519 570 4447

**Gold Award, Kitchener Waterloo Record Readers Select Awards 2007 - 2008

Benjamin Bach |

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Kitchener Waterloo Real Estate Investment Market Update

October 16, 2008 – 2:36 pm

There is lots of talk about the economy these days. We keep hearing about the Wall Street Bailout, the economic issues in the US credit and equity markets, and the downward pressure on housing prices in some areas of the USA.

Recently, I find myself being asked by investors the question of whether what is happening south of the border is affecting Real Estate in the Kitchener Waterloo market.

Now, I know the old saying “When the US Sneezes - Canada Catches a Cold,” and clearly the health of our economy is tied somewhat to that of our largest trade partner, the USA, but recent activity in Kitchener Waterloo seems to be bucking the trend.

In September 2008, the number of residential units sold increased 11.4% from September 2007. The value of these residential sales was $134,753,742 last month, compared to $120,205,358 in September of 2007 -a 12.1% increase in the dollar volume of all residential sales for the month.

Year to Date, the total dollar value of all residential sales has increased by $14,871,289 over the same period (Jan-Sept) of 2007.

Residential is not the only asset class that’s showing strength in the Waterloo region real estate market. Investors have also been trading Multi Family units with greater volume than last year; September 2008 multi family sales (dollar volume of sales) were up 32.6% over September 2007, and year to date about $15 million in additional multi family property has been bought & sold ($85,413,829 [2008 YTD] vs $70,769,850 [2007 YTD]) compared to last year.

What about average sale price in Kitchener Waterloo ?

Great question! Let’s have a look:

The average sale price of a detached residential home was $293,690 in September 2008, compared to $285,638 in September 2007.

The average sale price of all other types of residential property (semi detached, freehold townhouse, condominium unit, co-operative, link, recreational or mobile home) climbed to $192,869 (YTD 2008) from $179,464 (YTD 2007) - an increase of 7.5% year over year.

Kitchener Waterloo continues to show why strong fundamentals drive a growing real estate market. KW has great employers, fantastic employees, and is a great place to live. All this contributes to economic growth - more and better jobs - which draws people to the area.

As Dr. Sherry Cooper, Chief Economist, BMO Capital Markets said, “We expect growth in Waterloo-Guelph to exceed both the Ontario and Canadian rates over the 2009-12 period.”

Kitchener Waterloo’s Favourite Real Estate Agent** wants to show you how Real Estate
Investing can make you wealthy. Benjamin works with people from all across Ontario and Canada and the world helping them build wealth through smart real estate investments.

Benjamin is a Sales Representative, and runs the Wealth Team at Keller Williams Golden Triangle Realty in Kitchener Waterloo. He’d love to answer any questions about buying, selling and owning a rental, income or investment property.

You can reach Benjamin at Benjamin(AT)BenjaminBach.com or call him at 519 570 4447

**Gold Award, Kitchener Waterloo Record Readers Select Awards 2007 - 2008

Benjamin Bach |

Investing in Real Estate, Local Kitchener Waterloo, Market Update, kitchener waterloo |

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Kitchener Waterloo Real Estate Investing Workshop

October 8, 2008 – 8:38 am

People always ask me how they can learn about investing in real estate. It can seem complicated, but if you learn how other successful investors have done it, you can do it too.

Join me on Tuesday October 28 as I share proven systems and models that Millionaire Real Estate Investors have used for generations to build true financial wealth.

You will start down the path of being a Millionaire through real estate investment.

In this 90 minute interactive workshop, we’ll be looking at:

How to get started investing in residential real estate
Why so many people from across Canada are focused on the Kitchener Waterloo area as the #1 place they want to invest their money
Whether you want to invest for Cash Flow or Equity Growth initially
and where to find the professionals you need in your network and on your Wealth Dream Team

The workshop is FREE with registration (click here to register).

Anyone can do it, not everyone will. Will You?

WHEN: Tuesday October 28th, 7:00-8:30pm

WHERE: Keller Williams offices, 871 Victoria Street North, Kitchener Ontario. (click for map)

Benjamin Bach |

Investing in Real Estate, Real Estate Investment, Tips on Buying Property, Wealth Building, kitchener waterloo |

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Real Estate Investing 101: Understanding NOI

August 14, 2008 – 9:58 am

Real Estate Investing can appear complicated at first, if you don’t understand all the jargon that experienced Investors (or those that try to sound experienced) use on a daily basis.

Today, I’ll be explaining what the <b>NOI</b> - or Net Operating Income - is, and why you need to know what it is before you start acquiring investment properties in the Waterloo region.

When you’re buying a house, apartment building or any piece of real estate as an investment to generate cash flow, you need a way to determine what the income is. If you don’t know this, you won’t understand how much, if any, cash flow this particular rental home will generate for you.

Net Operating Income is simply the property’s operational revenue <b>less</b> operational expenses.

Operational expenses are expenses that are incurred by virtue of owning and running the property. Operating expenses include water, gas, hydro, utilities (if paid by the owner, not the tenant) as would the Property Tax, normal Maintenance & Repair, cost of insurance etc. It usually will not include mortgage payments - or debt service payments as they are often called.

For example. You own a rental property in Kitchener Waterloo, Ontario that is rented for $2,000 a month. The property tax is $200 a month, the tenants pay all utilities, Insurance is $75 a month, and Maintenance and Repair is budgeted at $50 a month (all numbers have been pulled from thin air by me). You manage the property yourself, so you don’t incur a management fee.

Your Gross Rental Revenue is $2,000 x 12 (months) = $24,000
From this we deduct a vacancy allowance of 5%, or 1200

Net Rental Revenue = 22,800

Operating Expenses:
Annual Tax = 200 x 12 = 2400
Insurance = 75 x 12 = 900
Maintenance = $50 x 12 = 600

Total Operating Expenses = 3900

Net Operating Income = 22800 - 3900 = $ 18,900

Benjamin Bach |

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Why People across Canada Invest in Kitchener Waterloo Real Estate

July 25, 2008 – 11:22 am

"We expect growth in Waterloo-Guelph to exceed both the Ontario and Canadian rates over the 2009-12 period" - Dr. Sherry Cooper, Chief Economist, BMO Capital Markets.

(source: body soul and spirit)

This year we’ve been fortunate to work with great people from across the world buying and selling real estate in Waterloo region. Calgary, Alberta; Vancouver, British Columbia; Eastern Europe, the Middle East, Guelph, Cambridge, Toronto, London, Montreal - just to name a few.

When we speak to clients, we ask them why they’ve decided to invest some of their hard earned investment capital into Kitchener Waterloo, Ontario, instead of a property in their home town or country. We hear a variety of responses from: Affordable purchase prices; low vacancy rate; great student rental market (with some great opportunities right now); growing, young & diverse economy; proximity to Toronto and Major US Cities via the 401 highway - just to name a few, again.

Last week BMO published a report with some great information on why Waterloo Region is attracting so much attention from Real Estate Investors. The report detailed some of the investments being made into the region, as well as some of the reasons that the rate of growth is predicted to exceed the nation’s.

In Kitchener, the University of Waterloo’s School of Pharmacy building will open this year, and construction will start this year on a new medical school. Both are part of the University of Waterloo’s new Health Sciences Campus in downtown Kitchener. A new recreation centre with twin ice pads, boxing facilities and indoor walking track opened this year. Fairview Park Mall recently received a $33 million makeover. St. Mary’s General Hospital will complete a 115,000 square foot addition this year, part of a multi-year $90 million renovation and expansion program. Grand River Hospital will renovate its intensive care unit and construct a new mental health unit, starting this year. The City of Kitchener is spending $46 million to convert the former BF Goodrich plant into its new central maintenance facility. It is hoped that work will begin this year on the $90 million Centre Block redevelopment. This project would include two residential towers, public parking and retail shops. Also, there is a $100 million proposal to redevelop the former Sportsworld site, with offices and small retail shops.

In Waterloo, Conestoga Mall is undergoing a $50 million renovation and expansion. Construction will begin this year on the Balsillie School of International Affairs in downtown Waterloo. Two new buildings are being built at the University of Waterloo’s Research Park: the $8 million first phase of the Research Accelerator Centre and the $20 million InnoTECH building. The University of Waterloo’s School of Optometry is getting an addition to be completed in 2009. There are also a number of other building projects at the University of Waterloo. Future projects include a $25 million joint city/YMCA library and recreation centre. A proposal has been made to redevelop the Canbar site — a $200- to-$250 million project including a 280-room hotel, apartment and condo towers, and office and retail space. Preliminary discussions are taking place about a possible new law school in downtown Waterloo.

Outside of the major cities, the largest project is a $29 million arena and recreation centre in Elmira, which is to be completed in 2009. A $200 million gas-fired power plant in Waterloo Region southeast of Cambridge has been proposed.

Municipalities within the region are rushing to make more industrial land available. In Guelph, the first phases of the city’s Hanlon Creek Business Park, which will eventually have more than 350 acres of serviced land, will be available later this year. In Cambridge, the city plans to start bringing the Boxwood subdivision in the Cambridge Business Park to market in 2008, with 150 to 170 acres of developable land. In Kitchener, an additional 30 acres will be available at the Huron Business Park in late 2008. Meanwhile, in Waterloo, there are no city-owned industrial lands available as the city conducts a strategic review.

In addition, properties which were sitting idle for longer periods are now being redeveloped into condos, such as the former Arrow shirt factory in Kitchener, the former Tiger Brands knitting factory in Cambridge, and the former Bauer Industries plant in Waterloo. There are also plans in the making to redevelop the former Canbar (Canada Barrel) property in Waterloo into mixed use (hotel, residential, office, retail) and the former Lafarge property in Guelph into commercial space.

…

Third, the area has a relatively youthful population and strong net inmigration. The population of the area
is expected to continue to grow faster than both Ontario and Canada over the medium term. This, in turn, will support residential construction and retail sales.

Fourth, the excellent educational institutions in the area are a source of strength. The University of Guelph, the University of Waterloo, Wilfrid Laurier, University and Conestoga College are all top-ranked institutions in Canada and, in some fields, the world. All have strong connections to the business community through their co-operative education programs. Further, these educational institutions have been good incubators for new companies through their research programs.

Fifth, the area’s industrial mix positions it for growth. The advanced manufacturing, information and communications technology (including computer and electronic equipment), and biotech clusters, in particular, have strong growth prospects.

The government of Ontario has targeted advanced manufacturing, in which the Waterloo-Guelph area has
particular strength, as a priority with its $500 million Advanced Manufacturing Investment Strategy.

…

Kitchener By Night

The Province of Ontario recently passed the Places to Grow Act, which provides a legal framework for
growth planning in Ontario. Waterloo-Guelph is part of what is called the outer ring of the Greater Golden Horseshoe. There is limited room for growth in the inner ring of the Greater Golden Horseshoe. Surrounding the inner ring is a greenbelt, which the province plans to maintain with limited development. Therefore, growth in the Greater Golden Horseshoe will leapfrog the greenbelt over the next twenty-five
years into the outer ring. As development leapfrogs the greenbelt, the population of Waterloo-Guelph will expand rapidly.

The population of the Greater Golden Horseshoe is projected to rise 48% between 2001 and 2031, from 7.8 million to 11.5 million. The population of Waterloo Region is projected to rise 60% from 456,000 in 2001 to 729,000 in 2031. The population of Wellington County, including the City of Guelph,1 is projected to rise 65% from 195,000 to 321,000. As the area expands, major transportation projects are already in the planning stages. A new Highway 7 between Kitchener-Waterloo and Guelph is being planned, at a cost of $300-400 million. Construction could start as early as 2011. Also, Waterloo Region is considering a rapid transit rail line. The first phase, at a cost of over $300 million, would run from Waterloo to Kitchener. A second phase would continue to Cambridge.

Waterloo-Guelph has developed a reputation for innovation. Its entrepreneurial spirit has allowed it to
reinvent itself over the years. Old companies close their doors, but new ones are continually opening up. Waterloo-Guelph is leading the charge from the old economy based on traditional manufacturing to the
new economy based on high technology and services.

For the full report click here to email me.

Kitchener Waterloo’s Favourite Real Estate Agent** wants to show you how Real Estate
Investing can make you wealthy. Benjamin works with people from all across Ontario and Canada and the world helping them build wealth through smart real estate investments.

Benjamin is a Sales Representative with Keller Williams Golden Triangle Realty in Kitchener Waterloo and would love to answer any questions about buying, selling and owning a rental, income or investment property.

You can reach Benjamin at Benjamin(AT)BenjaminBach.com or call him at 519 570 4447

**Gold Award, Kitchener Waterloo Record Readers Select Awards 2007 - 2008

Benjamin Bach |

Investing in Real Estate, Local Kitchener Waterloo, Market Update, Real Estate Investment |

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The Kaufman Lofts in Kitchener Waterloo - an Investor’s Perspective

June 13, 2008 – 10:24 am

The historic Kaufman Lofts in downtown Kitchener have been a ‘destination’ building ever since construction on the condo conversion was announced.

People tell me “I want a Kaufman Loft!” Even if the loft is a bit smaller or pricier than another condominium they were looking at, the design, location and prestige put the project over the top.

Originally built in 1908, the building was formerly the Kaufman Footwear Plant.

One client saw a 750 sq foot unit in Waterloo for $135,000, and preferred the 710 sq foot Kaufman Loft at $210,000. The loft has a ‘cachet’ that just isn’t seen in most other developments in the area.

OK - people want to buy these to live in… but this brings us to the question: Is this an appealing real estate investment?

One of the biggest factors is location.

Located right on the corner of King St and Victoria Street in Kitchener, Ontario, it sits across from the brand new Downtown Kitchener Health Sciences Campus - which will house the University of Waterloo School of Pharmacy, the McMaster School of Medicine and the UW Optometry School.

OK - the condo’s are across the street from the new university campus. Sounds pretty good so far - let’s look into it a bit more.

The school is projected to have 480 undergraduate and 70 graduate students, 50 faculty and staff.

Upon completion, the UW Downtown Kitchener Health Sciences Campus expected
to bring hundreds of faculty members and staff to the city’s core each day.

This is no ordinary campus - it’s a campus full of people studying to be professionals, not regular undergraduates.

Most of these students tend to be academic-focused, want a nice, clean rental property near campus, and demand little else.

For the convenience, cleanliness and cachet, they’re usually willing to pay a premium.

I’ve seen 1 bedroom units renting between $1,000 and $1,200 a month, depending on upgrades and square footage.

Pretty healthy rental rates, but not a surprise when you consider how tight the rental market is in Kitchener Waterloo right now (click to read Vacancy Rate Falls in Kitchener Waterloo - Again).

What are the condos like inside?

This gorgeous 1 bedroom condominium at Kaufman (410 King Street West) just hit the market a few days ago for the low price of $180,900

It features polished concrete floors, twelve foot high ceilings, exposed ductwork and access to a roof top patio.

More things your future tenants will appreciate are the upgraded cabinets, luxurious Kitchen featuring a granite island,
stainless steel appliances, electric fireplace and an upgraded deep soaker tub.

How have these units performed for investors so far?

Great question! Let’s take a look at some numbers.

“When the lofts were first introduced to the market by the builder, prices ranged from $114,990 for a 515 sq. ft. unit, to $197,990 for a 1,120 sq. ft. unit. On a per square foot basis they averaged $203. Today, on the resale market, sold units have ranged from just under $150,000 to $299,900 with an average per square foot price of $281. For those original buyers of Phase 1 units (those who
purchased prior to the builder adding two storeys, increasing the number of units from 113 to 155 and the prices to an average of $249 per square foot) that means they have seen an average appreciation of 38 percent.”(source Exchange Morning Post (Exchange Magazine, March 17 2008)

Since Exchange published the story above, recent sales of condos in the complex have had listed prices between $164,900 and $219,900.

Currently there are available units with listed prices between $173,500 and $335,900.

If you are interested in learning about how a Kaufman Loft in Kitchener can fit into your real estate investment portfolio, call me now @ 519 570 4447.

I promise you a free, no obligation, educational discussion about your personal real estate goals.

Doesn’t get much easier than that.

Kitchener Waterloo’s Favourite Real Estate Agent** wants to show you how Real Estate
Investing can make you wealthy. Benjamin works with people from all across
Ontario and Canada - and recently, the world! - helping them build wealth
through smart real estate investments.

Benjamin is a Sales Representative with Keller Williams Golden Triangle
Realty in Kitchener Waterloo and would love to answer any questions about
buying, selling and owning a rental, income or investment property.

You can reach Benjamin at Benjamin(AT)BenjaminBach.com or call
him at 519 570 4447

**Gold Award, Kitchener Waterloo Record Readers Select Awards 2007 - 2008

Benjamin Bach |

Featured Post, Investing in Real Estate, kitchener waterloo |

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Good Debt, and Kitchener Waterloo as an Investment Destination

June 9, 2008 – 4:35 pm

A few conversations going on around the Internet today . . . Jump in - either here or at the original blog posts (click through the links to get there).

Brian Brady thinks Canada is headed for a Real Estate slowdown, and he asks a local for some ‘on the ground’ reporting.

In Canada’s ‘Wealth Building Guy’ Defends Kitchener Waterloo Real Estate, I tell Brian why I think that Kitchener Waterloo offers Real Estate Investors a great place to let their equity grow at accelerated rates, and why I feel Canada’s economic situation is very different from what we’re seeing in the US right now.

…There are three major post secondary institutions in Kitchener Waterloo, with a medical school almost completed.

…

We are the heart of Canada’s Hi Tech sector (the Blackberry everyone loves is made in Waterloo, 5 minutes from my office)

We have a very strong FIRE [Finance, Insurance & Real Estate] sector.

We have a VERY diverse economic base.

When I spoke with Benjamin Tal last month, a head Real Estate analyst in Canada, he singled out Kitchener Waterloo as the bright spot for Real Estate investors in Ontario. I agree, and my clients do too - voting with their wallets.

People from Toronto, Montreal, Vancouver, Calgary, New York, California and recently even Kuwait are attracted to our low prices and great economy. Condos from 130Ks (they’re nice!), newer single detached homes in *nice* areas from the $230,000s - and we’re less than 1 hour away from Toronto, and Pearson International Airport. [ed: Waterloo Regional also flies to international destinations]

Just like in the US, there are some areas where, to me, prices feel high. But Canadians as a whole have not embraced the sub prime lending that the US has seen in recent years, and *most* Canadians aren’t buying huge homes they can’t afford, without equity. Clearly, there are always some who do, and independent of the economy, they’ll get burned, almost every single time.

Investors in Canada should be looking to areas where they can get a great, reliable, steady return on their investment - Kitchener Waterloo fits the bill in every regard, and you don’t need to plunk 35% down like most of us Canucks would have to when buying stateside.

At AgentGenius we’re having a great discussion on Good Debt vs Bad Debt, prompted by Seth’s blog this morning.

I said…

Bad Debt = borrowing to buy a depreciating asset or experience (shoes, boat, car, most vacations)

Good Debt = borrowing to buy things which increase in value (real estate, businesses, collectibles) or increase your value (targeted education and training, for example).

Pay off your bad debt ASAP. Take on Good Debt, in small doses, after loads of education.

Jennifer in Louisville added "They get told by the media and self-proclaimed “experts” that they should cut up their credit cards, and get rid of all their debt so they can be financially sound. When in reality, most persons that are considered wealthy (other than by lottery winnings, or inheritance) - had to go into debt at some point to get their product/business off the ground."

Ben Asks:

Have you had to shift your paradigm about debt to include Good Debt ?

How did YOU do it ?

Kitchener Waterloo’s Favourite Real Estate Agent** wants to show you how Real Estate Investing can make you wealthy. Benjamin works with people from all across Ontario and Canada - and recently, the world! - helping them build wealth through smart real estate investments.

You can reach Benjamin at Benjamin(AT)BenjaminBach.com or call him at 519 570 4447

**Gold Award, Kitchener Waterloo Record Readers Select Awards 2007 - 2008

Benjamin Bach |

Investing in Real Estate, Local Kitchener Waterloo, Wealth Building, kitchener waterloo |

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Vacancy Rate Falls in Kitchener Waterloo - Again

June 9, 2008 – 10:07 am

The downward trend continues for real estate investors in Kitchener-Waterloo, Ontario.

Luckily its a downward trend in vacancy rates my clients are currently experiencing.

More specifically, ‘Vacancy Rates (%) in Privately Initiated Rental Row and Apartment Structures of Three Units and Over’ in the real estate investment properties they’re acquiring.

CMHC (Canadian Mortgage and Housing Corporation) released their Spring 2008 Rental Market Statistics (you can read it as a very long PDF at this link), containing a wealth of information on vacancy rates, availability rates, average rents etc., all broken down by geographic area and type of property.

The Private Apartment vacancy rate in the Kitchener Waterloo CMA (which includes Guelph, Guelph-Eramosa Township, Cambridge City, Waterloo City, Kitchener City, North Dumfries Township, & Woolwhich Township) is 2.0%.

This is in contrast to the apartment vacancy rate in Ontario, which now sits at 3.1%.

Several cities, including Hamilton, Windsor, and Oshawa, are now showing vacancies rate higher than the provincial average.

Kitchener Waterloo is the tightest rental market [ed: lowest vacancy rate] in Ontario, next to the Sudbury CMA.

We’re seeing a very strong demand for clean units in good locations - but that seldom changes.

What are YOU seeing on the ground?

Has renting your units become easier in recent months ? I’d love to hear what you’re experiencing in the market.

–

Kitchener Waterloo’s Favourite Real Estate Agent** wants to show you how Real Estate Investing can make you wealthy. Benjamin works with people from all across Ontario and Canada - and recently, the world! - helping them build wealth through smart real estate investments.

You can reach Benjamin at Benjamin(AT)BenjaminBach.com or call him at 519 570 4447

**Gold Award, Kitchener Waterloo Record Readers Select Awards 2007 - 2008

Benjamin Bach |

Featured Post, Investing in Real Estate, Local Kitchener Waterloo, Market Update, benjamin bach, kitchener waterloo |

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