Blog

What Can Impact Your Buying Power?

With soaring house prices, the record low interest rates have made it possible for home buyers to attain big mortgages in recent years. Borrowing money is cheap right now, which can entice buyers to potentially bite off more than they can chew from an affordability standpoint. Obviously, it’s not just ...

March Madness in the KW Real Estate Market

More records were smashed in the local real estate market in March! There were 993 residential homes sold, which is the highest number of monthly sales in history. To put that number in perspective, the previous 10-year average for March is 552 homes sold. And, the previous record for monthly ...

What to Consider When Buying a Condo

The prices for detached homes in Waterloo Region have been escalating at an unprecedented pace. With the extension of low interest rates and pandemic-induced lifestyle shifts, the demand is unlikely to cool off anytime soon. While this has certainly been the cause for some discouragement among buyers looking to enter ...

February Brings Winter Heat to the Local Real Estate Market

Kitchener-Waterloo's hot real estate market has continued its record-breaking run, bringing in some wild stats for the month of February. With demand remaining high amidst low supply, competition has driven prices to levels we have never before seen in our region. Case in point, February ended with just 295 homes available ...

What to do for Family Day Weekend in Waterloo Region

What's going on for Family Day Weekend? This weekend is the Family Day holiday, and even though our options for family fun activities are limited right now, there's no reason it can't be special. Looking for some ideas? Here's some inspiration for you: Outdoor skating is open and free on local ...

2021 Starts Off With a Bang in KW Real Estate

2021 got off to a roaring start in the Kitchener-Waterloo real estate market, showing no signs of letting up on the growth of the previous year. Typically a slow month, this January bucked the trend with 351 units sold, which is 24.9% more than the same month last year. The active ...

They Got $100,000 Over Asking Price?!

If you’re a potential buyer right now or thinking of selling your home, we probably don’t have to tell you that real estate prices have been going through the roof. With low interest rates and pandemic-driven market changes, it’s creating intense competition never before seen in our region. Believe it ...

Selling in a Seller’s Market

It is a seller’s market here in the Kitchener-Waterloo Region, and with demand showing no sign of slowing down, it will likely stay that way for a while. If you have been trying to buy lately, you’ve likely felt the challenge of buying in this market first-hand. When demand is ...

December Caps Off a Big Year in Local Real Estate

December was another busy month for home sales in Kitchener-Waterloo, capping off a memorable and dynamic 2020 for local real estate. While the first half of the year lagged due to the pandemic, the second half roared back and then some, setting sales records for six consecutive months. When all was ...

The Pre-Emptive Offer Dilemma

To bully or not to bully? That is the question. In our last blog post (found here), we explored some of the challenges of buying in a seller’s market, and how pre-emptive offers can be a strategy to employ in your home search. But, there’s a time and a place to ...

Michael & Laura

Hewitson

Broker | Sales Representative