Kitchener-Waterloo Real Estate Market Report September 2024

Kitchener-Waterloo Real Estate Market Report September 2024

The average price of a detached homes

Please don't hesitate to reach out for detailed stats that are specific to your neighbourhood, or even if you're just curious about what the house down the street sold for – it'd be great to hear from you!

Doors Open Waterloo Region

Doors Open Waterloo Region

Don’t miss your chance to check out some of Waterloo Region’s most iconic buildings!

If you’ve ever wanted to snoop through some of Waterloo Region’s most intriguing buildings, many of which are not regularly open to the public, now’s your chance!

From historic landmarks to modern architectural marvels, Doors Open provides a unique opportunity to delve into the rich history and cultural significance of Waterloo Region’s most iconic structures.

This year, there are 26 sites to explore including the Waterloo County Gaol & Governor's House, Theatre Wellesley, the 1820 Log House in Waterloo Park, 44 Gaukel Creative Workspace and the Perimeter Institute.

In addition to showcasing stunning designs and detailed craftsmanship, Doors Open also underscores the importance of preserving our architectural heritage for future generations.

Doors Open Waterloo Region will be held on Saturday, September 21st from 10 a.m. to 4 p.m. There’s no charge for this event and with so many different places to see, you’re sure to discover some of the hidden gems our amazing area has to offer!

Bank of Canada announces third consecutive policy rate cut.

Bank of Canada announces third consecutive policy rate cut.

The Bank of Canada announces second consecutive policy rate cut.

The Bank of Canada reduced its target once again for the overnight lending rate from 4.5% to 4.25%.

The move was announced on Wednesday, September 4, and was widely expected by financial markets, making it the Bank’s third rate reduction since the onset of the pandemic.

Canada’s economy picked up in the second quarter of 2024, according to the Bank of Canada, although early indicators show a softening in economic activity. The Bank also stated the labour market continues to slow.

The Bank of Canada continues to focus on elevated housing costs as a significant contributor to inflation; however, it also mentioned both headline and core measures of inflation have moderated and are close to historical norms.

Although excess supply in the economy is helping to lower inflation, the Bank is also monitoring housing and services costs that are pulling inflation in the opposite direction.

The Bank stated future monetary policy decisions"will be guided by incoming information" and its assessment of whether further rate cuts are necessary to keep inflation in check.

The Bank of Canada will make its next scheduled interest rate announcement on Wednesday, October 23 and will publish its full outlook for the economy and inflation in its next Monetary Policy Report at that time.

Getting the Most Out of Your Agent

Getting the Most Out of Your Agent

Teamwork makes the dream work when you’re out on the hunt for a home!

The relationship between you and your real estate agent should always be honest and productive, which is why having an open line of communication is critical to ensuring a win-win partnership!

Once you’ve discussed and agreed on your agency relationship, it’s time to nail down some effective communication strategies. Communication is a two-way street, so both parties need to be open and honest from day one.

Start by setting clear communication preferences. For example, decide whether you prefer to be contacted via text, email or phone and let your agent know if there are specific times you'd rather not be contacted.

Also, be clear on which features are essential for your new home. Ranking your priorities will help your agent conduct a much more targeted search that will produce more relevant results.

That said, it’s important to always keep an open mind as it can be a good idea to “look outside the box” and consider homes that don’t always entirely match your criteria.

If you're selling your home, make sure you point out any aspects of your home that could either help or hinder the sale. Agents can offer great advice on staging so show them everything no matter how insignificant.

For instance, that tiny crawl space that you weren't even thinking of mentioning which is packed full of storage could be marketed as a unique selling feature that buyers could fall in love with!

Finally, let your agent know if your needs change and don't ever hesitate to ask questions. If for whatever reason you're not completely satisfied with the way things are going, be completely honest so you can resolve the problem straight away before any hasty decisions are made.

The key to any successful relationship is communication, and the partnership between you and your agent is one that will hopefully last a lifetime, so it’s important to get it right.

With that in mind, please don’t ever hesitate to get in touch with any real estate questions you may have. That’s what I’m here for and I’m always happy to help!

The Feng Shui Way

The Feng Shui Way

Creating good feng shui around your home is easier than you may think!

Feng shui is a centuries-old Chinese method for designing the layout of your home to create a balanced environment that promotes happiness and prosperity.

The best part about this design style is that it’s easy and doesn’t cost a fortune. Here are a few ideas on how to improve the overall feel of your home:

The Right Path
Place a few plants on your porch and make sure the path to your front door is unobstructed and welcoming.

Foyer Flow
The entryway of your house should be bright, clean and clutter-free as it sets the tone for the rest of your home.

Cut the Clutter
Fix or get rid of broken items in your home as they can contribute to a cluttered or uninviting atmosphere that breeds negativity.

Power Plants
Add a touch of nature to your home with a few houseplants. Lucky bamboo, jade plants and peace lilies are great choices!

Clear the Air
Open up your windows to let in fresh air and maximize natural light for a more refreshing and uplifting environment.

Mirror Mirror
The strategic placement of a few mirrors can help expand smaller areas and draw extra light into darker rooms.

Feng shui suggests that our physical surroundings have an impact on our emotional well-being, which is why it’s important to be aware of how we arrange our space.

Buyers often feel certain vibes when they enter a home, so if you’re thinking of selling anytime soon, a harmonious feel could be the difference between a quick sale and one that drags on.

K-W Real Estate Questions

Real estate certainly has its ups and downs but in the long run, it’s a very solid investment.

If you’re looking for a new place to call home, reach out so that we can discuss your next move!

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