In my daily travels, the people I meet are primarily concerned with my response to this very important question. As homeowners, we all have a very significant stake in the health of our local real estate market.
My analysis says that there are quite a number of positive factors for Waterloo Region real estate. The supply of homes coming on the market remains stable. The average ...
Posted by Jeff Gingerich
on February 27, 2009
The recent Federal budget provides a temporary incentive for Canadian homeowners to renovate. The temporary HRTC allows a 15% income tax credit on eligible home renovation expenses for work done or goods bought after January 27, 2009 and prior to February 1, 2010. The credit can be claimed for the 2009 tax year on eligible expenses over $1000 up to a maximum of $10,000 thus providing ...
Posted by Jeff Gingerich
on February 19, 2009
Century 21 is featured on the Air Miles home page for the month of February.
Collectors can earn 121 Bonus Air Miles reward miles when buying or selling a property through Century 21.
Gold collectors qualify for 200 Bonus Air Miles reward miles.
For details and to print a coupon, visit www.Century21.ca/Air_Miles/bonus_offers
Posted by Jeff Gingerich
on February 12, 2009
Preliminary figures from the Kitchener-Waterloo Real Estate Board show residential unit sales in January 2009 totalled 217. This figure represents a decline of approx. 28% from January 2008's total of 301. Active residential listings in Kitchener-Waterloo total 1240 or almost a 6 month supply. This would indicate a buyer's market.
However, to put our local real estate ...
Posted by Jeff Gingerich
on February 3, 2009
Over the last number of years, veteran market watchers(those over age 40) always wondered when the local real estate boom would end. My answer was "when the rates go up considerably or the jobs disappear." As recent job losses and layoffs have unfolded, we've once again discovered real estate markets are cyclical. The local market has shifted and a buyer's ...
Posted by Jeff Gingerich
on February 3, 2009
Preliminary sales figures indicate that 2008 sales were the 3rd highest on record for the K-W Real Estate Board. The 4966 sales trailed record-setting totals for 2007 with 5546, a decline of approx. 10%. The sales for 2008 were more in line with the 2005 and 2006 sales of 4988 and 4905 respectively.
Of note, the 4th quarter sales from Oct. 1-Dec. 31, 2008 were 766 compared ...
Posted by Jeff Gingerich
on January 6, 2009
Preliminary sales results from the Kitchener-Waterloo Real Estate Board indicate unit sales fell in December by approx. 25% year-over-year. In December 2008, there were 171 sales of single family homes versus 229 for December 2007. Approx. 60% of sales were under $250 000 and approx. 10% of sales were over $400 000.
There are currently 1044 active residential listings.
Check ...
Posted by Jeff Gingerich
on January 6, 2009
Preliminary results of unit sales in November 2008 indicate a market shift has occurred. In Kitchener-Waterloo, 240 residential properties changed hands. This represents a 40% decline over November 2007 when 400 properties were sold. There are currently 1330 properties for sale which equates to approximately a 5 1/2 month supply.
Posted by Jeff Gingerich
on January 6, 2009
August 21st - Jeff Gingerich of Century 21 Home Realty in Kitchener-Waterloo has successfully completed the Realtor e-Pro course to become one of a select few real estate professionals to earn the prestigious certification offered through the National Association of Realtors.
The Realtor e-Pro certification course is an educational program unlike any other professional certification ...
Posted by Jeff Gingerich
on August 21, 2008
Effective June 23, 2008, Realtors in Canada must obtain identification from clients and customers as part of a Canadian government initiative to fight money laundering and terrorist financing. This applies to both buyers and sellers of real estate. Full information is available at www.fintrac.gc.ca or toll-free 1-866-346-8722
Posted by Jeff Gingerich
on July 8, 2008