Some commercial real estate links for you:
2009 Kitchener Waterloo Investment Real Estate Market Update 2009 was an interesting year to be buying, selling,…
The turbulence in the global credit markets put a halt on a lot of lending, especially mortgages for student housing. When CMHC stopped insuring loans on ‘student housing,’ many lending institutions and banks stopped lending against those assets, since without CMHC insurance the loans were harder to sell on the secondary market.
There were 148 Multi Family & Apartment sales on MLS or $94 million volume in 2009, which is down 21.7% from last year.
While volume was off more than 20% from 2008, the value of Multi Family sales was down just 2% this year, reflecting a number of larger sales.
Specifically, there were nine apartment buildings, student rental towers and townhouse complexes that closed for over $1,000,000 in ‘09 on the KW MLS, including a $28 million dollar tower on King Street in Waterloo that was purchased by investors represented by our firm, Keller Williams in Kitchener.
Student Rental Market Update – Waterloo, Ontario We looked at commercial real estate sales in February &…
A duplex on Hickory Street , very close to WLU, just sold at $630,000, after being on the market for 30 days. The property is licenced for 10 students.
A 10 bedroom licenced lodging home on Regina sold for $550,000
Two detached 5 bedroom homes recently sold, both for above their asking prices. One sold at $333,500, the other traded at $336,000, 11K above the list price. A client offered on one of these, but we felt the properties were not worth the above list price premium being paid. You have to know when to walk away!
A few licenced condo units have sold recently. One traded at $228,000, another at $186,000
Commercial and Investment Real Estate Market Heating Up What a gorgeous day in Kitchener Waterloo – it’s sunny,…
Earlier this week we looked at the strength in the investment, student (Student Rental Market Update – Waterloo, Ontario) and commercial real estate (Commercial Real Estate Market Update – Kitchener Waterloo & Cambridge) markets in Kitchener Waterloo, Ontario.
It’s not just KW – the commercial real estate (CRE) market is gearing up all over. Let’s take a look at a few stories from the Canadian CRE world.
Commercial Real Estate news heard on Twitter Not familiar with Twitter? Twitter is a communication platform where…
What Student Rental apartment buildings can you buy in Waterloo? …and what return will you get on your money by…
This is something I’ve been asked a lot recently, especially with the news that CMHC is now back in the student rental financing game.
In this video, we look at a 180 bedroom property that an investor is considering near both Universities in Waterloo. It is brand new, in a great location, and fully leased at favorable rates.
What to put in an offer when you’re buying investment real estate A friend of mine asked me this morning what clauses…
While every purchase and sale will have unique features demanding custom clauses – often a few Schedules worth of them – most of the time, we use the same base of conditions and clauses when our clients are buying a rental property.
Related posts:
- March 2010 Update: Kitchener Waterloo Commercial Real Estate Market
- Recent Commercial Development Sales in Waterloo Region
- Multi Family Transaction Volume in Canada Should Increase in 2010
- New Waterloo Student Housing Investment Property under construction
- Canadian Bank Looking to Lend More for Real Estate
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