Kitchener Waterloo Real Estate Listings

Waterloo real estate has been some of the hottest in Ontario for several years going. But it’s no longer single-detached homes that make up the majority of the market, it’s condos! So if you’re thinking about snatching up one of these hot pieces of real estate, turn your eyes to the skies. Because condominiums are taking over this city and if you want to be in one of the hottest Waterloo properties, you might want to get yourself into one of these condos.

The Red Condominiums are a Waterloo real estate project that has been talked about for years, and although construction hasn’t started yet, it’s already more than half sold out. The Red Condominiums don’t only feature 63 units, but also an entire ground level dedicated to retail. Another development that has yet to break ground but has already been selling pre-construction units for the past two years is 144 Park. 144 Park is a much bigger project, with 19 floors and a supremely sleek and modern look. And if rumours are to be believed, a second tower is going to be added to the 144 Park project, bringing even more condo space to the city!

If you’re looking for one of the most beautiful, and one of the most prosperous, cities in Ontario to relocate to, you don’t need to look any further than Waterloo. The city is overflowing with arts, culture, history, and educational opportunities. Not to mention elements like its outstanding nightlife and shopping centres! Why all of the condos? The answer is simple. More people want to invest in Waterloo real estate. And those people want to invest in condos. While other Canadian condo markets such as Vancouver and Montreal take hits, Waterloo’s condo market continues to grow by leaps and bounds. And that says a lot about the city itself, and about why so many people want to move here.

Checkout our selection of over 100 Waterloo real estate listings online.

There’s been a lot of media attention about the U.S. real estate market recently, leaving some Canadians uncertain about buying vacation or retirement property south of the border.  While every transaction is different, Canadians should be aware that overall prospects for long-term appreciation in U.S. property values are good, provided you’re prepared to stay with the home for a while.  In today’s challenging market, this is generally not a good time for ‘quick flip’ strategies.

Some markets in the U.S. have experienced significant depreciation in home values in last few years.  This market adjustment – combined with a strong Canadian dollar at near, or even surpassing, par with the U.S. dollar – have resulted in prices not seen by Canadian homebuyers in many years.  

‘Snowbird’ destinations such as Florida or Arizona represent huge markets, so every type of property, house style and price range is available to choose from.  There are numerous examples of 3-bedroom single family homes in sunshine destinations selling at close to $100,000.  Here in Canada, people are paying 3 times that for a summer cottage.

Unlike the Canadian market, foreclosures are readily available in many U.S. markets.  Foreclosures can offer great prices, but buyers should be cautious about these properties.  Sales are typically ‘as is’ and not warranted against hidden defects and sometimes such homes have not been well maintained.  Also, since property values have declined significantly in some markets, the fact that a property is a foreclosure does not necessarily translate into a below market price.

Under the current market conditions, it’s very important to rely on the services of local real estate professional – Coldwell Banker has close to 100,000 throughout the U.S. and Canada.  Give me a call and let’s talk about buying foreign property.  I can put you in touch with an experienced realtor who can work with you to find a home that fits all your personal needs. 

Denis Pellerin “Your Source™” for Real Estate
(519) 742-1564 – alt (519) 577-8181
dpellerin@coldwellbankerpbr.com
www.kwrealestatebroker.com